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289.5 600.75 m 293.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 600.75 m 378.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 600.75 m 468.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 600.75 m 557.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204.5 585.75 m 289.5 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 585.75 m 378.5 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 585.75 m 468.5 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 585.75 m 557.5 585.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 209.35 605.20 Td (For) Tj ET Q q 0 0 0 rg BT 223.18 605.20 Td ( the thr) Tj ET Q q 0 0 0 rg BT 251.51 605.20 Td (ee months ended September) Tj ET Q q 0 0 0 rg BT 359.09 605.20 Td ( 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 390.00 605.20 Td (For) Tj ET Q q 0 0 0 rg BT 403.83 605.20 Td ( the nine months ended September) Tj ET Q q 0 0 0 rg BT 536.42 605.20 Td ( 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 237.50 590.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 326.50 590.20 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 416.50 590.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.50 590.20 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.65 575.21 Td (\( million, except for per share data\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 560.21 Td (Net revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 272.50 560.21 Td (723) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 560.21 Td (662) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.75 560.21 Td (2,110) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 560.21 Td (2,011) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 545.21 Td (EBIT) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 272.50 545.21 Td (141) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 545.21 Td (89) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 545.21 Td (359) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.50 545.21 Td (274) Tj ET Q BT /F1 9.00 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0 0 rg BT 277.00 432.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 432.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.00 432.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 432.21 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 404.25 Td (_____________________________) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 392.25 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.33 392.25 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 90.00 392.25 Td (See Note 12 to the Interim Condensed Consolidated Financial Statements for the calculation of basic and diluted earnings per common shar) Tj ET Q q 0 0 0 rg BT 539.87 392.25 Td (e.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 358.65 Td (Consolidated Statement of Financial Position Data ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 291.15 287.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 291.15 106.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 291.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 291.15 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 261.15 287.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 261.15 106.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 261.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 261.15 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 231.15 287.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 231.15 106.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 231.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 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j 3 M 450.5 306.15 m 557.5 306.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 306.15 m 446.5 306.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 306.15 m 557.5 306.15 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 361.70 325.60 Td (At September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.45 325.60 Td (At December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 384.00 310.60 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.50 310.60 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.10 295.61 Td (\( million\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 280.61 Td (Cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.50 280.61 Td (190) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.50 280.61 Td (134) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 265.61 Td (Deposits in FCA) Tj ET Q q 0 0 0 rg BT 116.01 265.61 Td ( Group cash management pools ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 231.73 269.69 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.75 265.61 Td (1,216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.50 265.61 Td (942) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 250.61 Td (Total assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.75 250.61 Td (4,945) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 250.61 Td (4,641) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 235.61 Td (Debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.50 235.61 Td (579) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.50 235.61 Td (510) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 220.61 Td (Total equity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.75 220.61 Td (2,707) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 220.61 Td (2,478) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.00 205.60 Td (Equity attributable to owners of the parent) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.75 205.60 Td (2,702) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.75 205.60 Td (2,470) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.00 190.60 Td (Non-controlling interests) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.50 190.60 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.50 190.60 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 175.61 Td (Share capital ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 104.98 179.69 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.50 175.61 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 175.61 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 160.61 Td (Ordinary shares issued \(in thousands of shares\) ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 228.21 164.69 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.75 160.61 Td (188,922) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 160.61 Td (188,922) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 144.65 Td (_____________________________) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 132.65 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.33 132.65 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 90.00 132.65 Td (Deposits in FCA) Tj ET Q q 0 0 0 rg BT 143.19 132.65 Td ( Gr) Tj ET Q q 0 0 0 rg BT 153.78 132.65 Td (oup cash management pools r) Tj ET Q q 0 0 0 rg BT 249.48 132.65 Td (elate to our participation in a gr) Tj ET Q q 0 0 0 rg BT 353.18 132.65 Td (oup-wide cash management system at FCA, wher) Tj ET Q q 0 0 0 rg BT 510.86 132.65 Td (e the ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 123.05 Td (operating cash management, main funding operations and liquidity investment of the Gr) Tj ET Q q 0 0 0 rg BT 336.79 123.05 Td (oup ar) Tj ET Q q 0 0 0 rg BT 357.60 123.05 Td (e centrally coor) Tj ET Q q 0 0 0 rg BT 407.95 123.05 Td (dinated by dedicated tr) Tj ET Q q 0 0 0 rg BT 481.64 123.05 Td (easury companies with ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 113.45 Td (the objective of ensuring effective and efficient management of our funds. Following the Separation, these arrangements will be terminated and we will ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 103.85 Td (manage our liquidity and tr) Tj ET Q q 0 0 0 rg BT 142.14 103.85 Td (easury function on a standalone basis.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 91.85 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.33 91.85 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 90.00 91.85 Td (See Note 19 to the Interim Condensed Consolidated Financial Statements for the calculation of shar) Tj ET Q q 0 0 0 rg BT 411.00 91.85 Td (e capital and common shar) Tj ET Q q 0 0 0 rg BT 497.80 91.85 Td (es issued.) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 303.00 41.20 Td (5) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 731.25 Td (Other Statistical Information) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 707.25 Td (Shipments) Tj ET Q 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 54.50 646.75 115.00 -13.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 169.50 646.75 389.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 619.75 115.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.50 619.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.50 619.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 619.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 619.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 619.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 619.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 619.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 619.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 619.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 619.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 619.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 619.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 619.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 619.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 619.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 591.75 115.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.50 591.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.50 591.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 591.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 591.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 591.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 591.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 591.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 591.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 591.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 591.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 591.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 591.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 591.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 591.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 591.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 563.75 115.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.50 563.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.50 563.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 563.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 563.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 563.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 563.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 563.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 563.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 563.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 563.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 563.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 563.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 563.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 563.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 563.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 535.75 115.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.50 535.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.50 535.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 535.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 535.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 535.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 535.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 535.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 535.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 535.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 535.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 535.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 535.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 535.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 535.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 535.75 45.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 54.50 507.75 115.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 169.50 507.75 45.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 214.50 507.75 4.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 218.50 507.75 45.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 263.50 507.75 4.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 267.50 507.75 45.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 312.50 507.75 4.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 316.50 507.75 45.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 361.50 507.75 4.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 365.50 507.75 45.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 410.50 507.75 4.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 414.50 507.75 45.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 459.50 507.75 4.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 463.50 507.75 45.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 508.50 507.75 5.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 513.50 507.75 45.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 54.50 479.75 115.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 169.50 479.75 45.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 214.50 479.75 4.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 218.50 479.75 45.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 263.50 479.75 4.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 267.50 479.75 45.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 312.50 479.75 4.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 316.50 479.75 45.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 361.50 479.75 4.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 365.50 479.75 45.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 410.50 479.75 4.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 414.50 479.75 45.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 459.50 479.75 4.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 463.50 479.75 45.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 508.50 479.75 5.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 513.50 479.75 45.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169.5 660.75 m 214.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214.5 660.75 m 218.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 660.75 m 263.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 660.75 m 267.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 660.75 m 312.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 660.75 m 316.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 660.75 m 361.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 660.75 m 365.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169.5 646.75 m 214.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 646.75 m 263.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 646.75 m 312.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 646.75 m 361.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 660.75 m 365.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 646.75 m 365.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 660.75 m 410.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 646.75 m 410.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 660.75 m 414.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 646.75 m 414.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 660.75 m 459.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 646.75 m 459.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 660.75 m 463.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 646.75 m 463.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 660.75 m 508.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 646.75 m 508.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 660.75 m 513.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 646.75 m 513.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 660.75 m 558.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 646.75 m 558.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169.5 535.75 m 214.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 535.75 m 263.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 535.75 m 312.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 535.75 m 361.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 535.75 m 410.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 535.75 m 459.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 535.75 m 508.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 535.75 m 558.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169.5 521.75 m 214.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 521.75 m 263.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 521.75 m 312.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 521.75 m 361.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 521.75 m 410.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 521.75 m 459.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 521.75 m 508.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 521.75 m 558.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169.5 479.75 m 214.5 479.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 479.75 m 263.5 479.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 479.75 m 312.5 479.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 479.75 m 361.5 479.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 479.75 m 410.5 479.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 479.75 m 459.5 479.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 479.75 m 508.5 479.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 479.75 m 558.5 479.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169.5 466.75 m 214.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169.5 464.75 m 214.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 466.75 m 263.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 464.75 m 263.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 479.75 m 312.5 479.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 466.75 m 312.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 464.75 m 312.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 466.75 m 361.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 464.75 m 361.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 466.75 m 410.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 464.75 m 410.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 466.75 m 459.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 464.75 m 459.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 466.75 m 508.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 464.75 m 508.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 466.75 m 558.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 464.75 m 558.5 464.75 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 674.21 Td (\(Number of cars and % of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 665.21 Td (total cars\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 174.65 670.48 Td (For the three months ended September, 30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.00 670.48 Td (For the nine months ended September, 30) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 182.50 651.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 236.00 651.20 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 280.50 651.20 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.00 651.20 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 378.50 651.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 432.00 651.20 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 476.50 651.20 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.00 651.20 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 638.15 Td (EMEA) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 624.21 Td (UK) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.50 624.21 Td (163) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.75 624.21 Td (8.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 255.50 624.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.50 624.21 Td (108) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 340.75 624.21 Td (6.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.50 624.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.50 624.21 Td (619) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.25 624.21 Td (11.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 624.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.50 624.21 Td (516) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 624.21 Td (9.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 624.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 610.21 Td (Germany) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.50 610.21 Td (184) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.75 610.21 Td (9.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 255.50 610.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.50 610.21 Td (126) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 340.75 610.21 Td (7.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.50 610.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.50 610.21 Td (398) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 610.21 Td (7.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 610.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.50 610.21 Td (479) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 610.21 Td (9.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 610.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 596.21 Td (Switzerland) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.00 596.21 Td (86) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.75 596.21 Td (4.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 255.50 596.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.00 596.21 Td (90) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 340.75 596.21 Td (5.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.50 596.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.50 596.21 Td (241) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 596.21 Td (4.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 596.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.50 596.21 Td (271) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 596.21 Td (5.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 596.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 582.21 Td (Italy) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.00 582.21 Td (73) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.75 582.21 Td (3.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 255.50 582.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.00 582.21 Td (67) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 340.75 582.21 Td (4.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.50 582.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.50 582.21 Td (212) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 582.21 Td (3.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 582.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.50 582.21 Td (199) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 582.21 Td (3.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 582.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 568.21 Td (France) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.00 568.21 Td (69) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.75 568.21 Td (3.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 255.50 568.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.00 568.21 Td (54) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 340.75 568.21 Td (3.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.50 568.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.50 568.21 Td (198) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 568.21 Td (3.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 568.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.50 568.21 Td (192) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 568.21 Td (3.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 568.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 554.21 Td (Middle East) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 100.74 558.29 Td ( \(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.00 554.21 Td (97) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.75 554.21 Td (5.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 255.50 554.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.50 554.21 Td (139) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 340.75 554.21 Td (8.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.50 554.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.50 554.21 Td (282) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 554.21 Td (5.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 554.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.50 554.21 Td (371) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 554.21 Td (7.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 554.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 540.21 Td (Rest of EMEA) Tj ET Q q 0 0 0 rg BT 110.00 540.21 Td ( ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 112.25 544.29 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.50 540.21 Td (143) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.75 540.21 Td (7.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 255.50 540.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.50 540.21 Td (117) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 340.75 540.21 Td (7.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.50 540.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.50 540.21 Td (463) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 540.21 Td (8.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 540.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.50 540.21 Td (466) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 540.21 Td (8.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 540.21 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 526.20 Td (T) Tj ET Q q 0 0 0 rg BT 62.18 526.20 Td (otal EMEA) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 197.50 526.20 Td (815) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 238.25 526.20 Td (41.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 254.00 526.20 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 295.50 526.20 Td (701) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 336.25 526.20 Td (43.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 352.00 526.20 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 386.75 526.20 Td (2,413) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 434.25 526.20 Td (42.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.00 526.20 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.75 526.20 Td (2,494) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.25 526.20 Td (47.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 526.20 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 512.21 Td (Americas ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 93.73 516.29 Td (\(3\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.50 512.21 Td (682) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 238.25 512.21 Td (35.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 255.50 512.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.50 512.21 Td (523) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.25 512.21 Td (32.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.50 512.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.75 512.21 Td (1,969) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.25 512.21 Td (34.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 512.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 512.21 Td (1,722) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 512.21 Td (32.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 512.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 498.21 Td (Greater China) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 107.73 502.29 Td ( \(4\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.50 498.21 Td (157) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.75 498.21 Td (8.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 255.50 498.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.50 498.21 Td (207) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.25 498.21 Td (12.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.50 498.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.50 498.21 Td (418) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 498.21 Td (7.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 498.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.50 498.21 Td (496) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 498.21 Td (9.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 498.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 484.21 Td (Rest of ) Tj ET Q q 0 0 0 rg BT 84.50 484.21 Td (AP) Tj ET Q q 0 0 0 rg BT 95.18 484.21 Td (AC ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 109.93 488.29 Td (\(5\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.50 484.21 Td (295) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 238.25 484.21 Td (15.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 255.50 484.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.50 484.21 Td (181) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.25 484.21 Td (11.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.50 484.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.50 484.21 Td (843) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.25 484.21 Td (14.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 484.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.50 484.21 Td (568) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 484.21 Td (10.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 484.21 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 470.20 Td (T) Tj ET Q q 0 0 0 rg BT 62.18 470.20 Td (otal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 190.75 470.20 Td (1,949) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 233.75 470.20 Td (100.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 254.00 470.20 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 288.75 470.20 Td (1,612) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 331.75 470.20 Td (100.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 352.00 470.20 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 386.75 470.20 Td (5,643) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 429.75 470.20 Td (100.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.00 470.20 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.75 470.20 Td (5,280) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 528.75 470.20 Td (100.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 470.20 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 454.25 Td (_____________________________) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 444.65 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 72.00 444.65 Td (Middle East includes the United ) Tj ET Q q 0 0 0 rg BT 176.95 444.65 Td (Arab Emirates, Saudi ) Tj ET Q q 0 0 0 rg BT 247.91 444.65 Td (Arabia, Bahrain, Lebanon, Qatar) Tj ET Q q 0 0 0 rg BT 354.58 444.65 Td (, Oman and Kuwait.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 435.05 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 72.00 435.05 Td (Rest of EMEA) Tj ET Q q 0 0 0 rg BT 117.18 435.05 Td ( includes ) Tj ET Q q 0 0 0 rg BT 147.69 435.05 Td (Africa and the other Eur) Tj ET Q q 0 0 0 rg BT 226.05 435.05 Td (opean markets not separately identified.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 425.45 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 72.00 425.45 Td (Americas includes the United States of ) Tj ET Q q 0 0 0 rg BT 197.61 425.45 Td (America, Canada, Mexico, the Caribbean and Central and South ) Tj ET Q q 0 0 0 rg BT 408.11 425.45 Td (America.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 415.85 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 72.00 415.85 Td (Gr) Tj ET Q q 0 0 0 rg BT 80.59 415.85 Td (eater China includes China, Hong Kong and T) Tj ET Q q 0 0 0 rg BT 229.64 415.85 Td (aiwan.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 406.25 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 72.00 406.25 Td (Rest of ) Tj ET Q q 0 0 0 rg BT 95.85 406.25 Td (AP) Tj ET Q q 0 0 0 rg BT 104.59 406.25 Td (AC mainly includes Japan, ) Tj ET Q q 0 0 0 rg BT 192.66 406.25 Td (Australia, Singapor) Tj ET Q q 0 0 0 rg BT 255.48 406.25 Td (e, Indonesia and South Kor) Tj ET Q q 0 0 0 rg BT 342.95 406.25 Td (ea.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 370.25 Td (A) Tj ET Q q 0 0 0 rg BT 59.56 370.25 Td (verage number of employees for the period) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169.5 332.75 m 263.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 332.75 m 267.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 332.75 m 361.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 332.75 m 459.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 332.75 m 463.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 332.75 m 557.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169.5 317.75 m 263.5 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 317.75 m 361.5 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 317.75 m 459.5 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 317.75 m 557.5 317.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 183.35 337.20 Td (For the three months ended September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 337.20 Td (For the nine months ended September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 207.00 322.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.00 322.20 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 403.00 322.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.00 322.20 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 306.21 Td (Average number of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 297.21 Td (employees for the period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 205.85 297.21 Td (2,971) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.85 297.21 Td (2,853) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.85 297.21 Td (2,939) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.85 297.21 Td (2,834) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 303.00 41.20 Td (6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 731.25 Td (Forward-Looking Statements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 707.25 Td (This ) Tj ET Q q 0 0 0 rg BT 74.44 707.25 Td (document, ) Tj ET Q q 0 0 0 rg BT 119.02 707.25 Td (and ) Tj ET Q q 0 0 0 rg BT 137.22 707.25 Td (in ) Tj ET Q q 0 0 0 rg BT 148.21 707.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 191.97 707.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.39 707.25 Td (section ) Tj ET Q q 0 0 0 rg BT 238.92 707.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 272.11 707.25 Td (Outlook, ) Tj ET Q q 0 0 0 rg BT 321.16 707.25 Td (contains ) Tj ET Q q 0 0 0 rg BT 358.25 707.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 385.11 707.25 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 426.64 707.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 474.56 707.25 Td (These ) Tj ET Q q 0 0 0 rg BT 501.09 707.25 Td (ar) Tj ET Q q 0 0 0 rg BT 509.61 707.25 Td (e ) Tj ET Q q 0 0 0 rg BT 517.26 707.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 549.68 707.25 Td (d-) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 695.25 Td (looking ) Tj ET Q q 0 0 0 rg BT 86.38 695.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 136.54 695.25 Td (within ) Tj ET Q q 0 0 0 rg BT 163.93 695.25 Td (the ) Tj ET Q q 0 0 0 rg BT 178.53 695.25 Td (meaning ) Tj ET Q q 0 0 0 rg BT 215.35 695.25 Td (of ) Tj ET Q q 0 0 0 rg BT 225.52 695.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.12 695.25 Td (safe ) Tj ET Q q 0 0 0 rg BT 258.61 695.25 Td (harbor ) Tj ET Q q 0 0 0 rg BT 288.78 695.25 Td (pr) Tj ET Q q 0 0 0 rg BT 297.30 695.25 Td (ovisions ) Tj ET Q q 0 0 0 rg BT 332.46 695.25 Td (of ) Tj ET Q q 0 0 0 rg BT 342.62 695.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.23 695.25 Td (United ) Tj ET Q q 0 0 0 rg BT 386.83 695.25 Td (States ) Tj ET Q q 0 0 0 rg BT 413.10 695.25 Td (Private ) Tj ET Q q 0 0 0 rg BT 444.92 695.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 486.73 695.25 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 528.57 695.25 Td (Reform ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 683.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 70.03 683.25 Td (of ) Tj ET Q q 0 0 0 rg BT 80.50 683.25 Td (1995. ) Tj ET Q q 0 0 0 rg BT 105.70 683.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 138.96 683.25 Td (information ) Tj ET Q q 0 0 0 rg BT 188.89 683.25 Td (included ) Tj ET Q q 0 0 0 rg BT 226.02 683.25 Td (in ) Tj ET Q q 0 0 0 rg BT 236.50 683.25 Td (this ) Tj ET Q q 0 0 0 rg BT 253.65 683.25 Td (pr) Tj ET Q q 0 0 0 rg BT 262.17 683.25 Td (esentation, ) Tj ET Q q 0 0 0 rg BT 308.47 683.25 Td (including, ) Tj ET Q q 0 0 0 rg BT 351.45 683.25 Td (without ) Tj ET Q q 0 0 0 rg BT 384.15 683.25 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 428.24 683.25 Td (any ) Tj ET Q q 0 0 0 rg BT 445.38 683.25 Td (for) Tj ET Q q 0 0 0 rg BT 456.68 683.25 Td (ecasts ) Tj ET Q q 0 0 0 rg BT 483.82 683.25 Td (included ) Tj ET Q q 0 0 0 rg BT 520.95 683.25 Td (her) Tj ET Q q 0 0 0 rg BT 533.91 683.25 Td (ein, ) Tj ET Q q 0 0 0 rg BT 551.33 683.25 Td (is ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 671.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 80.86 671.25 Td (d ) Tj ET Q q 0 0 0 rg BT 88.36 671.25 Td (looking ) Tj ET Q q 0 0 0 rg BT 120.86 671.25 Td (and ) Tj ET Q q 0 0 0 rg BT 138.36 671.25 Td (is ) Tj ET Q q 0 0 0 rg BT 147.53 671.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 178.35 671.25 Td (to ) Tj ET Q q 0 0 0 rg BT 188.63 671.25 Td (important ) Tj ET Q q 0 0 0 rg BT 230.58 671.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 251.97 671.25 Td (and ) Tj ET Q q 0 0 0 rg BT 269.47 671.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 324.18 671.25 Td (that ) Tj ET Q q 0 0 0 rg BT 342.24 671.25 Td (could ) Tj ET Q q 0 0 0 rg BT 366.95 671.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 392.22 671.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 419.72 671.25 Td (r) Tj ET Q q 0 0 0 rg BT 423.24 671.25 Td (esults ) Tj ET Q q 0 0 0 rg BT 448.52 671.25 Td (to ) Tj ET Q q 0 0 0 rg BT 458.79 671.25 Td (differ ) Tj ET Q q 0 0 0 rg BT 482.96 671.25 Td (materially) Tj ET Q q 0 0 0 rg BT 523.51 671.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 647.25 Td (Ferrari) Tj ET Q q 0 0 0 rg BT 86.04 647.25 Td (s ) Tj ET Q q 0 0 0 rg BT 93.36 647.25 Td (business ) Tj ET Q q 0 0 0 rg BT 130.67 647.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 167.42 647.25 Td (luxury ) Tj ET Q q 0 0 0 rg BT 196.39 647.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 250.91 647.25 Td (sports ) Tj ET Q q 0 0 0 rg BT 278.79 647.25 Td (cars, ) Tj ET Q q 0 0 0 rg BT 301.93 647.25 Td (brand ) Tj ET Q q 0 0 0 rg BT 329.24 647.25 Td (and ) Tj ET Q q 0 0 0 rg BT 347.67 647.25 Td (Formula ) Tj ET Q q 0 0 0 rg BT 386.09 647.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 394.51 647.25 Td (racing ) Tj ET Q q 0 0 0 rg BT 424.04 647.25 Td (activities. ) Tj ET Q q 0 0 0 rg BT 466.07 647.25 Td (These ) Tj ET Q q 0 0 0 rg BT 492.82 647.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 519.68 647.25 Td (d-looking ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 635.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 98.26 635.25 Td (r) Tj ET Q q 0 0 0 rg BT 101.78 635.25 Td (eflect ) Tj ET Q q 0 0 0 rg BT 125.46 635.25 Td (our ) Tj ET Q q 0 0 0 rg BT 141.40 635.25 Td (curr) Tj ET Q q 0 0 0 rg BT 158.25 635.25 Td (ent ) Tj ET Q q 0 0 0 rg BT 172.50 635.25 Td (views ) Tj ET Q q 0 0 0 rg BT 196.76 635.25 Td (with ) Tj ET Q q 0 0 0 rg BT 216.02 635.25 Td (r) Tj ET Q q 0 0 0 rg BT 219.54 635.25 Td (espect ) Tj ET Q q 0 0 0 rg BT 246.57 635.25 Td (to ) Tj ET Q q 0 0 0 rg BT 256.38 635.25 Td (futur) Tj ET Q q 0 0 0 rg BT 275.46 635.25 Td (e ) Tj ET Q q 0 0 0 rg BT 281.94 635.25 Td (events ) Tj ET Q q 0 0 0 rg BT 308.96 635.25 Td (and ) Tj ET Q q 0 0 0 rg BT 326.00 635.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 356.91 635.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 401.17 635.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 422.10 635.25 Td (and ) Tj ET Q q 0 0 0 rg BT 439.14 635.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 493.39 635.25 Td (that ) Tj ET Q q 0 0 0 rg BT 510.98 635.25 Td (could ) Tj ET Q q 0 0 0 rg BT 535.24 635.25 Td (cause ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 623.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 81.50 623.25 Td (r) Tj ET Q q 0 0 0 rg BT 85.02 623.25 Td (esults ) Tj ET Q q 0 0 0 rg BT 110.29 623.25 Td (to ) Tj ET Q q 0 0 0 rg BT 120.57 623.25 Td (differ ) Tj ET Q q 0 0 0 rg BT 144.74 623.25 Td (materially) Tj ET Q q 0 0 0 rg BT 185.29 623.25 Td (. ) Tj ET Q q 0 0 0 rg BT 190.29 623.25 Td (These ) Tj ET Q q 0 0 0 rg BT 216.12 623.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 246.40 623.25 Td (include, ) Tj ET Q q 0 0 0 rg BT 280.83 623.25 Td (without ) Tj ET Q q 0 0 0 rg BT 313.34 623.25 Td (limitation: ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 599.25 Td (The ) Tj ET Q q 0 0 0 rg BT 71.73 599.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 100.01 599.25 Td (to ) Tj ET Q q 0 0 0 rg BT 110.51 599.25 Td (pr) Tj ET Q q 0 0 0 rg BT 119.03 599.25 Td (eserve ) Tj ET Q q 0 0 0 rg BT 147.30 599.25 Td (and ) Tj ET Q q 0 0 0 rg BT 165.02 599.25 Td (enhance ) Tj ET Q q 0 0 0 rg BT 201.07 599.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.01 599.25 Td (value ) Tj ET Q q 0 0 0 rg BT 240.39 599.25 Td (of ) Tj ET Q q 0 0 0 rg BT 250.90 599.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.84 599.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 298.57 599.25 Td (brand; ) Tj ET Q q 0 0 0 rg BT 328.52 599.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.46 599.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 371.74 599.25 Td (to ) Tj ET Q q 0 0 0 rg BT 382.24 599.25 Td (keep ) Tj ET Q q 0 0 0 rg BT 403.29 599.25 Td (up ) Tj ET Q q 0 0 0 rg BT 416.01 599.25 Td (with ) Tj ET Q q 0 0 0 rg BT 435.97 599.25 Td (advances ) Tj ET Q q 0 0 0 rg BT 475.90 599.25 Td (in ) Tj ET Q q 0 0 0 rg BT 486.41 599.25 Td (high ) Tj ET Q q 0 0 0 rg BT 506.91 599.25 Td (performance ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 587.25 Td (car ) Tj ET Q q 0 0 0 rg BT 69.59 587.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 115.72 587.25 Td (and ) Tj ET Q q 0 0 0 rg BT 132.98 587.25 Td (to ) Tj ET Q q 0 0 0 rg BT 143.01 587.25 Td (make ) Tj ET Q q 0 0 0 rg BT 166.37 587.25 Td (appealing ) Tj ET Q q 0 0 0 rg BT 208.62 587.25 Td (designs ) Tj ET Q q 0 0 0 rg BT 240.88 587.25 Td (for ) Tj ET Q q 0 0 0 rg BT 254.81 587.25 Td (our ) Tj ET Q q 0 0 0 rg BT 270.96 587.25 Td (new ) Tj ET Q q 0 0 0 rg BT 289.33 587.25 Td (models; ) Tj ET Q q 0 0 0 rg BT 323.25 587.25 Td (the ) Tj ET Q q 0 0 0 rg BT 337.72 587.25 Td (success ) Tj ET Q q 0 0 0 rg BT 369.97 587.25 Td (of ) Tj ET Q q 0 0 0 rg BT 380.01 587.25 Td (our ) Tj ET Q q 0 0 0 rg BT 396.16 587.25 Td (Formula ) Tj ET Q q 0 0 0 rg BT 433.41 587.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 440.67 587.25 Td (racing ) Tj ET Q q 0 0 0 rg BT 469.04 587.25 Td (team ) Tj ET Q q 0 0 0 rg BT 490.74 587.25 Td (and ) Tj ET Q q 0 0 0 rg BT 507.99 587.25 Td (the ) Tj ET Q q 0 0 0 rg BT 522.47 587.25 Td (expenses ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 575.25 Td (we ) Tj ET Q q 0 0 0 rg BT 67.49 575.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 90.98 575.25 Td (for ) Tj ET Q q 0 0 0 rg BT 105.03 575.25 Td (our ) Tj ET Q q 0 0 0 rg BT 121.30 575.25 Td (Formula ) Tj ET Q q 0 0 0 rg BT 158.68 575.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 166.06 575.25 Td (activities; ) Tj ET Q q 0 0 0 rg BT 207.87 575.25 Td (incr) Tj ET Q q 0 0 0 rg BT 223.61 575.25 Td (eases ) Tj ET Q q 0 0 0 rg BT 247.65 575.25 Td (in ) Tj ET Q q 0 0 0 rg BT 257.81 575.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 282.69 575.25 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 330.08 575.25 Td (of ) Tj ET Q q 0 0 0 rg BT 340.24 575.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 368.72 575.25 Td (or ) Tj ET Q q 0 0 0 rg BT 380.00 575.25 Td (shortages ) Tj ET Q q 0 0 0 rg BT 421.27 575.25 Td (of ) Tj ET Q q 0 0 0 rg BT 431.43 575.25 Td (components ) Tj ET Q q 0 0 0 rg BT 481.58 575.25 Td (and ) Tj ET Q q 0 0 0 rg BT 498.96 575.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 516.90 575.25 Td (materials; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 563.25 Td (our ) Tj ET Q q 0 0 0 rg BT 70.64 563.25 Td (low ) Tj ET Q q 0 0 0 rg BT 87.83 563.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 119.46 563.25 Td (strategy; ) Tj ET Q q 0 0 0 rg BT 157.75 563.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 193.27 563.25 Td (in ) Tj ET Q q 0 0 0 rg BT 203.79 563.25 Td (client ) Tj ET Q q 0 0 0 rg BT 228.75 563.25 Td (pr) Tj ET Q q 0 0 0 rg BT 237.27 563.25 Td (efer) Tj ET Q q 0 0 0 rg BT 252.44 563.25 Td (ences ) Tj ET Q q 0 0 0 rg BT 277.40 563.25 Td (and ) Tj ET Q q 0 0 0 rg BT 295.15 563.25 Td (automotive ) Tj ET Q q 0 0 0 rg BT 342.33 563.25 Td (tr) Tj ET Q q 0 0 0 rg BT 348.62 563.25 Td (ends; ) Tj ET Q q 0 0 0 rg BT 373.03 563.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 408.55 563.25 Td (in ) Tj ET Q q 0 0 0 rg BT 419.07 563.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.03 563.25 Td (general ) Tj ET Q q 0 0 0 rg BT 467.33 563.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 508.39 563.25 Td (envir) Tj ET Q q 0 0 0 rg BT 528.57 563.25 Td (onment ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 551.25 Td (and ) Tj ET Q q 0 0 0 rg BT 71.44 551.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 106.65 551.25 Td (in ) Tj ET Q q 0 0 0 rg BT 116.86 551.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 150.96 551.25 Td (in ) Tj ET Q q 0 0 0 rg BT 161.18 551.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.84 551.25 Td (automobile ) Tj ET Q q 0 0 0 rg BT 223.27 551.25 Td (industry) Tj ET Q q 0 0 0 rg BT 255.50 551.25 Td (, ) Tj ET Q q 0 0 0 rg BT 260.44 551.25 Td (which ) Tj ET Q q 0 0 0 rg BT 286.76 551.25 Td (is ) Tj ET Q q 0 0 0 rg BT 295.87 551.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 323.30 551.25 Td (volatile; ) Tj ET Q q 0 0 0 rg BT 359.06 551.25 Td (the ) Tj ET Q q 0 0 0 rg BT 373.72 551.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 403.38 551.25 Td (of ) Tj ET Q q 0 0 0 rg BT 413.59 551.25 Td (incr) Tj ET Q q 0 0 0 rg BT 429.33 551.25 Td (easingly ) Tj ET Q q 0 0 0 rg BT 465.09 551.25 Td (stringent ) Tj ET Q q 0 0 0 rg BT 503.09 551.25 Td (fuel ) Tj ET Q q 0 0 0 rg BT 520.52 551.25 Td (economy) Tj ET Q q 0 0 0 rg BT 555.51 551.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 539.25 Td (emission ) Tj ET Q q 0 0 0 rg BT 92.64 539.25 Td (and ) Tj ET Q q 0 0 0 rg BT 111.28 539.25 Td (safety ) Tj ET Q q 0 0 0 rg BT 138.25 539.25 Td (standar) Tj ET Q q 0 0 0 rg BT 168.44 539.25 Td (ds, ) Tj ET Q q 0 0 0 rg BT 183.47 539.25 Td (including ) Tj ET Q q 0 0 0 rg BT 224.89 539.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.75 539.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 260.50 539.25 Td (of ) Tj ET Q q 0 0 0 rg BT 271.92 539.25 Td (compliance, ) Tj ET Q q 0 0 0 rg BT 324.15 539.25 Td (and ) Tj ET Q q 0 0 0 rg BT 342.79 539.25 Td (any ) Tj ET Q q 0 0 0 rg BT 360.87 539.25 Td (r) Tj ET Q q 0 0 0 rg BT 364.39 539.25 Td (equir) Tj ET Q q 0 0 0 rg BT 385.13 539.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 398.21 539.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 434.62 539.25 Td (to ) Tj ET Q q 0 0 0 rg BT 446.04 539.25 Td (our ) Tj ET Q q 0 0 0 rg BT 463.58 539.25 Td (pr) Tj ET Q q 0 0 0 rg BT 472.10 539.25 Td (oducts; ) Tj ET Q q 0 0 0 rg BT 505.18 539.25 Td (the ) Tj ET Q q 0 0 0 rg BT 521.03 539.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 550.23 539.25 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 527.25 Td (successfully ) Tj ET Q q 0 0 0 rg BT 103.18 527.25 Td (carry ) Tj ET Q q 0 0 0 rg BT 126.27 527.25 Td (out ) Tj ET Q q 0 0 0 rg BT 140.46 527.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.10 527.25 Td (gr) Tj ET Q q 0 0 0 rg BT 162.62 527.25 Td (owth ) Tj ET Q q 0 0 0 rg BT 183.49 527.25 Td (strategy ) Tj ET Q q 0 0 0 rg BT 217.13 527.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 236.05 527.25 Td (particularly) Tj ET Q q 0 0 0 rg BT 283.27 527.25 Td (, ) Tj ET Q q 0 0 0 rg BT 287.19 527.25 Td (the ) Tj ET Q q 0 0 0 rg BT 300.83 527.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 327.80 527.25 Td (to ) Tj ET Q q 0 0 0 rg BT 337.00 527.25 Td (gr) Tj ET Q q 0 0 0 rg BT 345.52 527.25 Td (ow ) Tj ET Q q 0 0 0 rg BT 358.61 527.25 Td (the ) Tj ET Q q 0 0 0 rg BT 372.25 527.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 403.67 527.25 Td (pr) Tj ET Q q 0 0 0 rg BT 412.19 527.25 Td (esence ) Tj ET Q q 0 0 0 rg BT 440.26 527.25 Td (in ) Tj ET Q q 0 0 0 rg BT 449.46 527.25 Td (emer) Tj ET Q q 0 0 0 rg BT 469.08 527.25 Td (ging ) Tj ET Q q 0 0 0 rg BT 488.28 527.25 Td (market ) Tj ET Q q 0 0 0 rg BT 517.47 527.25 Td (countries; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 515.25 Td (competition ) Tj ET Q q 0 0 0 rg BT 103.75 515.25 Td (in ) Tj ET Q q 0 0 0 rg BT 114.07 515.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.83 515.25 Td (luxury ) Tj ET Q q 0 0 0 rg BT 156.92 515.25 Td (automobile ) Tj ET Q q 0 0 0 rg BT 204.46 515.25 Td (industry; ) Tj ET Q q 0 0 0 rg BT 243.11 515.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.86 515.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 311.50 515.25 Td (of ) Tj ET Q q 0 0 0 rg BT 321.82 515.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.58 515.25 Td (dealer ) Tj ET Q q 0 0 0 rg BT 364.67 515.25 Td (network ) Tj ET Q q 0 0 0 rg BT 399.43 515.25 Td (on ) Tj ET Q q 0 0 0 rg BT 411.97 515.25 Td (which ) Tj ET Q q 0 0 0 rg BT 438.40 515.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 470.94 515.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 506.25 515.25 Td (for ) Tj ET Q q 0 0 0 rg BT 520.46 515.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 543.00 515.25 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 503.25 Td (services; ) Tj ET Q q 0 0 0 rg BT 92.35 503.25 Td (disruption ) Tj ET Q q 0 0 0 rg BT 136.28 503.25 Td (at ) Tj ET Q q 0 0 0 rg BT 146.86 503.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.89 503.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 223.59 503.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 260.84 503.25 Td (in ) Tj ET Q q 0 0 0 rg BT 271.42 503.25 Td (Maranello ) Tj ET Q q 0 0 0 rg BT 316.45 503.25 Td (and ) Tj ET Q q 0 0 0 rg BT 334.26 503.25 Td (Modena; ) Tj ET Q q 0 0 0 rg BT 373.17 503.25 Td (the ) Tj ET Q q 0 0 0 rg BT 388.20 503.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 416.56 503.25 Td (to ) Tj ET Q q 0 0 0 rg BT 427.15 503.25 Td (pr) Tj ET Q q 0 0 0 rg BT 435.67 503.25 Td (ovide ) Tj ET Q q 0 0 0 rg BT 460.13 503.25 Td (or ) Tj ET Q q 0 0 0 rg BT 471.83 503.25 Td (arrange ) Tj ET Q q 0 0 0 rg BT 506.87 503.25 Td (for ) Tj ET Q q 0 0 0 rg BT 521.35 503.25 Td (adequate ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 491.25 Td (access ) Tj ET Q q 0 0 0 rg BT 83.43 491.25 Td (to ) Tj ET Q q 0 0 0 rg BT 94.53 491.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 135.63 491.25 Td (for ) Tj ET Q q 0 0 0 rg BT 150.63 491.25 Td (our ) Tj ET Q q 0 0 0 rg BT 167.85 491.25 Td (dealers ) Tj ET Q q 0 0 0 rg BT 200.62 491.25 Td (and ) Tj ET Q q 0 0 0 rg BT 218.94 491.25 Td (clients, ) Tj ET Q q 0 0 0 rg BT 250.88 491.25 Td (and ) Tj ET Q q 0 0 0 rg BT 269.20 491.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 314.75 491.25 Td (risks; ) Tj ET Q q 0 0 0 rg BT 340.30 491.25 Td (the ) Tj ET Q q 0 0 0 rg BT 355.84 491.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 410.27 491.25 Td (of ) Tj ET Q q 0 0 0 rg BT 421.37 491.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.92 491.25 Td (licensees ) Tj ET Q q 0 0 0 rg BT 476.34 491.25 Td (for ) Tj ET Q q 0 0 0 rg BT 491.34 491.25 Td (Ferrari-branded ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 479.25 Td (pr) Tj ET Q q 0 0 0 rg BT 62.52 479.25 Td (oducts; ) Tj ET Q q 0 0 0 rg BT 94.09 479.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.43 479.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 136.11 479.25 Td (to ) Tj ET Q q 0 0 0 rg BT 146.02 479.25 Td (pr) Tj ET Q q 0 0 0 rg BT 154.54 479.25 Td (otect ) Tj ET Q q 0 0 0 rg BT 176.10 479.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.45 479.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 222.58 479.25 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 269.69 479.25 Td (pr) Tj ET Q q 0 0 0 rg BT 278.21 479.25 Td (operty ) Tj ET Q q 0 0 0 rg BT 305.89 479.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 331.36 479.25 Td (and ) Tj ET Q q 0 0 0 rg BT 348.49 479.25 Td (to ) Tj ET Q q 0 0 0 rg BT 358.39 479.25 Td (avoid ) Tj ET Q q 0 0 0 rg BT 382.74 479.25 Td (infringing ) Tj ET Q q 0 0 0 rg BT 424.87 479.25 Td (on ) Tj ET Q q 0 0 0 rg BT 437.00 479.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.35 479.25 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 498.46 479.25 Td (pr) Tj ET Q q 0 0 0 rg BT 506.98 479.25 Td (operty ) Tj ET Q q 0 0 0 rg BT 534.66 479.25 Td (rights ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 467.25 Td (of ) Tj ET Q q 0 0 0 rg BT 64.44 467.25 Td (others; ) Tj ET Q q 0 0 0 rg BT 95.43 467.25 Td (pr) Tj ET Q q 0 0 0 rg BT 103.95 467.25 Td (oduct ) Tj ET Q q 0 0 0 rg BT 128.83 467.25 Td (r) Tj ET Q q 0 0 0 rg BT 132.35 467.25 Td (ecalls, ) Tj ET Q q 0 0 0 rg BT 160.83 467.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 194.60 467.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 223.37 467.25 Td (and ) Tj ET Q q 0 0 0 rg BT 241.03 467.25 Td (pr) Tj ET Q q 0 0 0 rg BT 249.55 467.25 Td (oduct ) Tj ET Q q 0 0 0 rg BT 274.43 467.25 Td (warranties; ) Tj ET Q q 0 0 0 rg BT 323.76 467.25 Td (labor ) Tj ET Q q 0 0 0 rg BT 348.09 467.25 Td (r) Tj ET Q q 0 0 0 rg BT 351.61 467.25 Td (elations ) Tj ET Q q 0 0 0 rg BT 385.93 467.25 Td (and ) Tj ET Q q 0 0 0 rg BT 403.59 467.25 Td (collective ) Tj ET Q q 0 0 0 rg BT 444.56 467.25 Td (bar) Tj ET Q q 0 0 0 rg BT 458.08 467.25 Td (gaining ) Tj ET Q q 0 0 0 rg BT 491.30 467.25 Td (agr) Tj ET Q q 0 0 0 rg BT 504.82 467.25 Td (eements; ) Tj ET Q q 0 0 0 rg BT 543.01 467.25 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 455.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 94.25 455.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 112.86 455.25 Td (fluctuations, ) Tj ET Q q 0 0 0 rg BT 165.08 455.25 Td (inter) Tj ET Q q 0 0 0 rg BT 183.60 455.25 Td (est ) Tj ET Q q 0 0 0 rg BT 197.21 455.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 215.82 455.25 Td (changes, ) Tj ET Q q 0 0 0 rg BT 253.58 455.25 Td (cr) Tj ET Q q 0 0 0 rg BT 261.54 455.25 Td (edit ) Tj ET Q q 0 0 0 rg BT 279.04 455.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 296.54 455.25 Td (and ) Tj ET Q q 0 0 0 rg BT 314.04 455.25 Td (other ) Tj ET Q q 0 0 0 rg BT 337.65 455.25 Td (market ) Tj ET Q q 0 0 0 rg BT 367.92 455.25 Td (risks. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 431.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 72.58 431.25 Td (of ) Tj ET Q q 0 0 0 rg BT 83.39 431.25 Td (the ) Tj ET Q q 0 0 0 rg BT 98.65 431.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 151.13 431.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 197.49 431.25 Td (this ) Tj ET Q q 0 0 0 rg BT 214.98 431.25 Td (pr) Tj ET Q q 0 0 0 rg BT 223.50 431.25 Td (esentation ) Tj ET Q q 0 0 0 rg BT 267.64 431.25 Td (or ) Tj ET Q q 0 0 0 rg BT 279.56 431.25 Td (any ) Tj ET Q q 0 0 0 rg BT 297.03 431.25 Td (of ) Tj ET Q q 0 0 0 rg BT 307.85 431.25 Td (the ) Tj ET Q q 0 0 0 rg BT 323.10 431.25 Td (cir) Tj ET Q q 0 0 0 rg BT 333.84 431.25 Td (cumstances ) Tj ET Q q 0 0 0 rg BT 382.97 431.25 Td (or ) Tj ET Q q 0 0 0 rg BT 394.90 431.25 Td (data ) Tj ET Q q 0 0 0 rg BT 415.71 431.25 Td (mentioned ) Tj ET Q q 0 0 0 rg BT 460.40 431.25 Td (in ) Tj ET Q q 0 0 0 rg BT 471.21 431.25 Td (this ) Tj ET Q q 0 0 0 rg BT 488.69 431.25 Td (pr) Tj ET Q q 0 0 0 rg BT 497.22 431.25 Td (esentation ) Tj ET Q q 0 0 0 rg BT 541.35 431.25 Td (may ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 419.25 Td (change. ) Tj ET Q q 0 0 0 rg BT 86.89 419.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 104.07 419.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 130.93 419.25 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 170.89 419.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 214.74 419.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 255.80 419.25 Td (in ) Tj ET Q q 0 0 0 rg BT 265.21 419.25 Td (this ) Tj ET Q q 0 0 0 rg BT 281.29 419.25 Td (pr) Tj ET Q q 0 0 0 rg BT 289.81 419.25 Td (esentation ) Tj ET Q q 0 0 0 rg BT 332.55 419.25 Td (speak ) Tj ET Q q 0 0 0 rg BT 356.95 419.25 Td (only ) Tj ET Q q 0 0 0 rg BT 375.80 419.25 Td (as ) Tj ET Q q 0 0 0 rg BT 386.32 419.25 Td (of ) Tj ET Q q 0 0 0 rg BT 395.74 419.25 Td (the ) Tj ET Q q 0 0 0 rg BT 409.58 419.25 Td (date ) Tj ET Q q 0 0 0 rg BT 428.43 419.25 Td (of ) Tj ET Q q 0 0 0 rg BT 437.84 419.25 Td (this ) Tj ET Q q 0 0 0 rg BT 453.92 419.25 Td (pr) Tj ET Q q 0 0 0 rg BT 462.45 419.25 Td (esentation. ) Tj ET Q q 0 0 0 rg BT 507.68 419.25 Td (W) Tj ET Q q 0 0 0 rg BT 515.09 419.25 Td (e ) Tj ET Q q 0 0 0 rg BT 521.16 419.25 Td (expr) Tj ET Q q 0 0 0 rg BT 538.56 419.25 Td (essly ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 407.25 Td (disclaim ) Tj ET Q q 0 0 0 rg BT 90.95 407.25 Td (a ) Tj ET Q q 0 0 0 rg BT 99.02 407.25 Td (duty ) Tj ET Q q 0 0 0 rg BT 119.30 407.25 Td (to ) Tj ET Q q 0 0 0 rg BT 130.14 407.25 Td (pr) Tj ET Q q 0 0 0 rg BT 138.66 407.25 Td (ovide ) Tj ET Q q 0 0 0 rg BT 163.38 407.25 Td (updates ) Tj ET Q q 0 0 0 rg BT 197.56 407.25 Td (to ) Tj ET Q q 0 0 0 rg BT 208.40 407.25 Td (any ) Tj ET Q q 0 0 0 rg BT 225.91 407.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 252.77 407.25 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 294.16 407.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 341.94 407.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 375.00 407.25 Td (does ) Tj ET Q q 0 0 0 rg BT 396.40 407.25 Td (not ) Tj ET Q q 0 0 0 rg BT 412.24 407.25 Td (assume ) Tj ET Q q 0 0 0 rg BT 444.75 407.25 Td (and ) Tj ET Q q 0 0 0 rg BT 462.82 407.25 Td (expr) Tj ET Q q 0 0 0 rg BT 480.22 407.25 Td (essly ) Tj ET Q q 0 0 0 rg BT 502.72 407.25 Td (disclaims ) Tj ET Q q 0 0 0 rg BT 543.56 407.25 Td (any ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 395.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 87.80 395.25 Td (in ) Tj ET Q q 0 0 0 rg BT 98.27 395.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 144.83 395.25 Td (with ) Tj ET Q q 0 0 0 rg BT 164.75 395.25 Td (any ) Tj ET Q q 0 0 0 rg BT 181.88 395.25 Td (inaccuracies ) Tj ET Q q 0 0 0 rg BT 235.67 395.25 Td (in ) Tj ET Q q 0 0 0 rg BT 246.14 395.25 Td (any ) Tj ET Q q 0 0 0 rg BT 263.27 395.25 Td (of ) Tj ET Q q 0 0 0 rg BT 273.74 395.25 Td (these ) Tj ET Q q 0 0 0 rg BT 296.98 395.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 323.84 395.25 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 364.86 395.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 409.76 395.25 Td (or ) Tj ET Q q 0 0 0 rg BT 421.35 395.25 Td (in ) Tj ET Q q 0 0 0 rg BT 431.82 395.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 478.38 395.25 Td (with ) Tj ET Q q 0 0 0 rg BT 498.30 395.25 Td (any ) Tj ET Q q 0 0 0 rg BT 515.43 395.25 Td (use ) Tj ET Q q 0 0 0 rg BT 531.45 395.25 Td (by ) Tj ET Q q 0 0 0 rg BT 543.58 395.25 Td (any ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 383.25 Td (thir) Tj ET Q q 0 0 0 rg BT 68.08 383.25 Td (d ) Tj ET Q q 0 0 0 rg BT 75.96 383.25 Td (party ) Tj ET Q q 0 0 0 rg BT 99.95 383.25 Td (of ) Tj ET Q q 0 0 0 rg BT 110.61 383.25 Td (such ) Tj ET Q q 0 0 0 rg BT 131.82 383.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 158.68 383.25 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 199.89 383.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 247.49 383.25 Td (This ) Tj ET Q q 0 0 0 rg BT 267.60 383.25 Td (pr) Tj ET Q q 0 0 0 rg BT 276.12 383.25 Td (esentation ) Tj ET Q q 0 0 0 rg BT 320.11 383.25 Td (does ) Tj ET Q q 0 0 0 rg BT 341.32 383.25 Td (not ) Tj ET Q q 0 0 0 rg BT 356.98 383.25 Td (r) Tj ET Q q 0 0 0 rg BT 360.50 383.25 Td (epr) Tj ET Q q 0 0 0 rg BT 373.46 383.25 Td (esent ) Tj ET Q q 0 0 0 rg BT 396.89 383.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 442.54 383.25 Td (advice ) Tj ET Q q 0 0 0 rg BT 471.51 383.25 Td (or ) Tj ET Q q 0 0 0 rg BT 483.29 383.25 Td (a ) Tj ET Q q 0 0 0 rg BT 491.17 383.25 Td (r) Tj ET Q q 0 0 0 rg BT 494.69 383.25 Td (ecommendation ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 371.25 Td (for ) Tj ET Q q 0 0 0 rg BT 67.35 371.25 Td (the ) Tj ET Q q 0 0 0 rg BT 81.26 371.25 Td (pur) Tj ET Q q 0 0 0 rg BT 94.78 371.25 Td (chase ) Tj ET Q q 0 0 0 rg BT 119.23 371.25 Td (or ) Tj ET Q q 0 0 0 rg BT 129.81 371.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 147.60 371.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.06 371.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 194.30 371.25 Td (pr) Tj ET Q q 0 0 0 rg BT 202.82 371.25 Td (oducts ) Tj ET Q q 0 0 0 rg BT 230.61 371.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 258.97 371.25 Td (of ) Tj ET Q q 0 0 0 rg BT 268.43 371.25 Td (any ) Tj ET Q q 0 0 0 rg BT 284.55 371.25 Td (kind ) Tj ET Q q 0 0 0 rg BT 303.45 371.25 Td (of ) Tj ET Q q 0 0 0 rg BT 312.92 371.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 350.15 371.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 386.54 371.25 Td (Finally) Tj ET Q q 0 0 0 rg BT 414.87 371.25 Td (, ) Tj ET Q q 0 0 0 rg BT 419.06 371.25 Td (this ) Tj ET Q q 0 0 0 rg BT 435.19 371.25 Td (pr) Tj ET Q q 0 0 0 rg BT 443.71 371.25 Td (esentation ) Tj ET Q q 0 0 0 rg BT 486.50 371.25 Td (does ) Tj ET Q q 0 0 0 rg BT 506.51 371.25 Td (not ) Tj ET Q q 0 0 0 rg BT 520.98 371.25 Td (r) Tj ET Q q 0 0 0 rg BT 524.50 371.25 Td (epr) Tj ET Q q 0 0 0 rg BT 537.46 371.25 Td (esent ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 359.25 Td (an ) Tj ET Q q 0 0 0 rg BT 65.75 359.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 110.26 359.25 Td (solicitation ) Tj ET Q q 0 0 0 rg BT 157.00 359.25 Td (in ) Tj ET Q q 0 0 0 rg BT 166.53 359.25 Td (Italy) Tj ET Q q 0 0 0 rg BT 184.30 359.25 Td (, ) Tj ET Q q 0 0 0 rg BT 188.55 359.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 225.86 359.25 Td (to ) Tj ET Q q 0 0 0 rg BT 235.38 359.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 266.57 359.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 275.81 359.25 Td (letter ) Tj ET Q q 0 0 0 rg BT 298.66 359.25 Td (\(t\) ) Tj ET Q q 0 0 0 rg BT 309.85 359.25 Td (of ) Tj ET Q q 0 0 0 rg BT 319.37 359.25 Td (Legislative ) Tj ET Q q 0 0 0 rg BT 365.00 359.25 Td (Decr) Tj ET Q q 0 0 0 rg BT 384.62 359.25 Td (ee ) Tj ET Q q 0 0 0 rg BT 395.25 359.25 Td (no. ) Tj ET Q q 0 0 0 rg BT 409.49 359.25 Td (58 ) Tj ET Q q 0 0 0 rg BT 421.24 359.25 Td (of ) Tj ET Q q 0 0 0 rg BT 430.77 359.25 Td (February ) Tj ET Q q 0 0 0 rg BT 470.28 359.25 Td (24, ) Tj ET Q q 0 0 0 rg BT 484.53 359.25 Td (1998, ) Tj ET Q q 0 0 0 rg BT 508.78 359.25 Td (as ) Tj ET Q q 0 0 0 rg BT 519.41 359.25 Td (amended, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 347.25 Td (nor ) Tj ET Q q 0 0 0 rg BT 70.39 347.25 Td (does ) Tj ET Q q 0 0 0 rg BT 91.22 347.25 Td (it ) Tj ET Q q 0 0 0 rg BT 99.28 347.25 Td (r) Tj ET Q q 0 0 0 rg BT 102.80 347.25 Td (epr) Tj ET Q q 0 0 0 rg BT 115.76 347.25 Td (esent ) Tj ET Q q 0 0 0 rg BT 138.80 347.25 Td (a ) Tj ET Q q 0 0 0 rg BT 146.30 347.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 177.14 347.25 Td (solicitation ) Tj ET Q q 0 0 0 rg BT 224.64 347.25 Td (as ) Tj ET Q q 0 0 0 rg BT 236.04 347.25 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 292.41 347.25 Td (by ) Tj ET Q q 0 0 0 rg BT 304.35 347.25 Td (the ) Tj ET Q q 0 0 0 rg BT 319.06 347.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 339.90 347.25 Td (in ) Tj ET Q q 0 0 0 rg BT 350.18 347.25 Td (any ) Tj ET Q q 0 0 0 rg BT 367.12 347.25 Td (other ) Tj ET Q q 0 0 0 rg BT 390.73 347.25 Td (country ) Tj ET Q q 0 0 0 rg BT 423.78 347.25 Td (or ) Tj ET Q q 0 0 0 rg BT 435.17 347.25 Td (state. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 323.25 Td (Additional ) Tj ET Q q 0 0 0 rg BT 99.76 323.25 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 143.30 323.25 Td (information ) Tj ET Q q 0 0 0 rg BT 194.07 323.25 Td (supplementing ) Tj ET Q q 0 0 0 rg BT 255.93 323.25 Td (this ) Tj ET Q q 0 0 0 rg BT 273.92 323.25 Td (section ) Tj ET Q q 0 0 0 rg BT 305.79 323.25 Td (is ) Tj ET Q q 0 0 0 rg BT 316.00 323.25 Td (available ) Tj ET Q q 0 0 0 rg BT 356.76 323.25 Td (fr) Tj ET Q q 0 0 0 rg BT 363.05 323.25 Td (om ) Tj ET Q q 0 0 0 rg BT 378.82 323.25 Td (the ) Tj ET Q q 0 0 0 rg BT 394.58 323.25 Td (Investors ) Tj ET Q q 0 0 0 rg BT 445.90 323.25 Td (ar) Tj ET Q q 0 0 0 rg BT 454.42 323.25 Td (ea ) Tj ET Q q 0 0 0 rg BT 467.40 323.25 Td (of ) Tj ET Q q 0 0 0 rg BT 478.72 323.25 Td (the ) Tj ET Q q 0 0 0 rg BT 494.48 323.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 528.02 323.25 Td (website ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 311.25 Td (\(www) Tj ET Q q 0 0 0 rg BT 76.60 311.25 Td (.ferrari.com\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 287.25 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 102.89 287.25 Td ( Financial Measur) Tj ET Q q 0 0 0 rg BT 180.48 287.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 263.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 263.25 Td (W) Tj ET Q q 0 0 0 rg BT 98.64 263.25 Td (e ) Tj ET Q q 0 0 0 rg BT 107.47 263.25 Td (monitor ) Tj ET Q q 0 0 0 rg BT 143.53 263.25 Td (and ) Tj ET Q q 0 0 0 rg BT 162.36 263.25 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 200.06 263.25 Td (our ) Tj ET Q q 0 0 0 rg BT 217.79 263.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 259.95 263.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.78 263.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 318.15 263.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 373.07 263.25 Td (using ) Tj ET Q q 0 0 0 rg BT 399.13 263.25 Td (several ) Tj ET Q q 0 0 0 rg BT 431.84 263.25 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 477.03 263.25 Td ( ) Tj ET Q q 0 0 0 rg BT 481.42 263.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 520.79 263.25 Td (measures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 251.25 Td (including: ) Tj ET Q q 0 0 0 rg BT 96.61 251.25 Td (EBITDA, ) Tj ET Q q 0 0 0 rg BT 137.38 251.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 175.55 251.25 Td (EBITDA, ) Tj ET Q q 0 0 0 rg BT 216.32 251.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 254.49 251.25 Td (EBIT) Tj ET Q q 0 0 0 rg BT 275.97 251.25 Td (, ) Tj ET Q q 0 0 0 rg BT 280.53 251.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 297.03 251.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 319.10 251.25 Td (and ) Tj ET Q q 0 0 0 rg BT 335.60 251.25 Td (Free ) Tj ET Q q 0 0 0 rg BT 355.43 251.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 377.49 251.25 Td (Flow) Tj ET Q q 0 0 0 rg BT 397.40 251.25 Td (, ) Tj ET Q q 0 0 0 rg BT 401.97 251.25 Td (as ) Tj ET Q q 0 0 0 rg BT 412.36 251.25 Td (well ) Tj ET Q q 0 0 0 rg BT 431.64 251.25 Td (as ) Tj ET Q q 0 0 0 rg BT 442.03 251.25 Td (a ) Tj ET Q q 0 0 0 rg BT 448.53 251.25 Td (number ) Tj ET Q q 0 0 0 rg BT 481.14 251.25 Td (of ) Tj ET Q q 0 0 0 rg BT 491.54 251.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 528.58 251.25 Td (metrics ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 239.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 96.33 239.25 Td (on ) Tj ET Q q 0 0 0 rg BT 110.35 239.25 Td (a ) Tj ET Q q 0 0 0 rg BT 118.80 239.25 Td (constant ) Tj ET Q q 0 0 0 rg BT 156.14 239.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 195.13 239.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 221.36 239.25 Td (W) Tj ET Q q 0 0 0 rg BT 230.00 239.25 Td (e ) Tj ET Q q 0 0 0 rg BT 238.45 239.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 271.34 239.25 Td (that ) Tj ET Q q 0 0 0 rg BT 290.35 239.25 Td (these ) Tj ET Q q 0 0 0 rg BT 314.91 239.25 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 360.10 239.25 Td ( ) Tj ET Q q 0 0 0 rg BT 364.11 239.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 403.11 239.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 444.33 239.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 478.89 239.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 507.35 239.25 Td (and ) Tj ET Q q 0 0 0 rg BT 525.80 239.25 Td (relevant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 227.25 Td (information ) Tj ET Q q 0 0 0 rg BT 104.32 227.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 145.74 227.25 Td (our ) Tj ET Q q 0 0 0 rg BT 162.17 227.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 215.80 227.25 Td (and ) Tj ET Q q 0 0 0 rg BT 233.34 227.25 Td (our ) Tj ET Q q 0 0 0 rg BT 249.78 227.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 278.43 227.25 Td (to ) Tj ET Q q 0 0 0 rg BT 289.31 227.25 Td (assess ) Tj ET Q q 0 0 0 rg BT 316.86 227.25 Td (our ) Tj ET Q q 0 0 0 rg BT 333.30 227.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 371.38 227.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 425.01 227.25 Td (and ) Tj ET Q q 0 0 0 rg BT 442.55 227.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 480.64 227.25 Td (position. ) Tj ET Q q 0 0 0 rg BT 518.24 227.25 Td (They ) Tj ET Q q 0 0 0 rg BT 541.89 227.25 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 215.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 86.08 215.25 Td (us ) Tj ET Q q 0 0 0 rg BT 96.51 215.25 Td (with ) Tj ET Q q 0 0 0 rg BT 115.82 215.25 Td (comparable ) Tj ET Q q 0 0 0 rg BT 164.00 215.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 202.74 215.25 Td (that ) Tj ET Q q 0 0 0 rg BT 219.27 215.25 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 255.78 215.25 Td (management) Tj ET Q q 0 0 0 rg BT 309.65 215.25 Td (s ) Tj ET Q q 0 0 0 rg BT 315.08 215.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 342.17 215.25 Td (to ) Tj ET Q q 0 0 0 rg BT 351.48 215.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 384.12 215.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 430.64 215.25 Td (trends, ) Tj ET Q q 0 0 0 rg BT 459.11 215.25 Td (as ) Tj ET Q q 0 0 0 rg BT 468.98 215.25 Td (well ) Tj ET Q q 0 0 0 rg BT 487.73 215.25 Td (as ) Tj ET Q q 0 0 0 rg BT 497.59 215.25 Td (make ) Tj ET Q q 0 0 0 rg BT 520.78 215.25 Td (decisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 203.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 94.78 203.25 Td (future ) Tj ET Q q 0 0 0 rg BT 121.11 203.25 Td (spending, ) Tj ET Q q 0 0 0 rg BT 162.18 203.25 Td (resource ) Tj ET Q q 0 0 0 rg BT 198.51 203.25 Td (allocations ) Tj ET Q q 0 0 0 rg BT 244.29 203.25 Td (and ) Tj ET Q q 0 0 0 rg BT 261.19 203.25 Td (other ) Tj ET Q q 0 0 0 rg BT 284.19 203.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 331.63 203.25 Td (decisions. ) Tj ET Q q 0 0 0 rg BT 373.63 203.25 Td (While ) Tj ET Q q 0 0 0 rg BT 400.53 203.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 430.76 203.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 470.43 203.25 Td (are ) Tj ET Q q 0 0 0 rg BT 485.09 203.25 Td (widely ) Tj ET Q q 0 0 0 rg BT 514.77 203.25 Td (used ) Tj ET Q q 0 0 0 rg BT 535.56 203.25 Td (in ) Tj ET Q q 0 0 0 rg BT 545.80 203.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 191.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 89.28 191.25 Td (in ) Tj ET Q q 0 0 0 rg BT 99.56 191.25 Td (which ) Tj ET Q q 0 0 0 rg BT 126.50 191.25 Td (we ) Tj ET Q q 0 0 0 rg BT 140.66 191.25 Td (operate, ) Tj ET Q q 0 0 0 rg BT 175.08 191.25 Td (the ) Tj ET Q q 0 0 0 rg BT 189.80 191.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 227.28 191.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 266.98 191.25 Td (we ) Tj ET Q q 0 0 0 rg BT 281.14 191.25 Td (use ) Tj ET Q q 0 0 0 rg BT 296.97 191.25 Td (may ) Tj ET Q q 0 0 0 rg BT 316.69 191.25 Td (not ) Tj ET Q q 0 0 0 rg BT 331.97 191.25 Td (be ) Tj ET Q q 0 0 0 rg BT 343.91 191.25 Td (comparable ) Tj ET Q q 0 0 0 rg BT 393.05 191.25 Td (to ) Tj ET Q q 0 0 0 rg BT 403.33 191.25 Td (other ) Tj ET Q q 0 0 0 rg BT 426.37 191.25 Td (similarly ) Tj ET Q q 0 0 0 rg BT 464.42 191.25 Td (titled ) Tj ET Q q 0 0 0 rg BT 487.48 191.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 527.18 191.25 Td (used ) Tj ET Q q 0 0 0 rg BT 548.01 191.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 179.25 Td (other ) Tj ET Q q 0 0 0 rg BT 76.91 179.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 122.04 179.25 Td (nor ) Tj ET Q q 0 0 0 rg BT 137.73 179.25 Td (are ) Tj ET Q q 0 0 0 rg BT 152.30 179.25 Td (they ) Tj ET Q q 0 0 0 rg BT 171.88 179.25 Td (intended ) Tj ET Q q 0 0 0 rg BT 208.67 179.25 Td (to ) Tj ET Q q 0 0 0 rg BT 218.81 179.25 Td (be ) Tj ET Q q 0 0 0 rg BT 230.61 179.25 Td (substitutes ) Tj ET Q q 0 0 0 rg BT 275.20 179.25 Td (for ) Tj ET Q q 0 0 0 rg BT 289.22 179.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 328.79 179.25 Td (of ) Tj ET Q q 0 0 0 rg BT 339.49 179.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 376.83 179.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 429.71 179.25 Td (or ) Tj ET Q q 0 0 0 rg BT 440.41 179.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 477.75 179.25 Td (position ) Tj ET Q q 0 0 0 rg BT 512.34 179.25 Td (as ) Tj ET Q q 0 0 0 rg BT 523.03 179.25 Td (prepared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 167.25 Td (in ) Tj ET Q q 0 0 0 rg BT 64.28 167.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 111.74 167.25 Td (with ) Tj ET Q q 0 0 0 rg BT 132.02 167.25 Td (IFRS.) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 303.00 41.20 Td (7) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 731.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 88.26 731.10 Td ( and ) Tj ET Q q 0 0 0 rg BT 108.08 731.10 Td (Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 707.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 707.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 126.11 707.10 Td ( ) Tj ET Q q 0 0 0 rg BT 129.45 707.10 Td (is ) Tj ET Q q 0 0 0 rg BT 139.46 707.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 172.79 707.10 Td (as ) Tj ET Q q 0 0 0 rg BT 184.46 707.10 Td (net ) Tj ET Q q 0 0 0 rg BT 200.02 707.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 225.58 707.10 Td (before ) Tj ET Q q 0 0 0 rg BT 254.45 707.10 Td (income ) Tj ET Q q 0 0 0 rg BT 287.23 707.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 302.79 707.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 340.83 707.10 Td (net ) Tj ET Q q 0 0 0 rg BT 356.39 707.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 394.71 707.10 Td (expenses/\(income\) ) Tj ET Q q 0 0 0 rg BT 473.03 707.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.81 707.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 543.57 707.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 695.10 Td (amortization. ) Tj ET Q q 0 0 0 rg BT 109.28 695.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 148.26 695.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 184.36 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 187.24 695.10 Td (is ) Tj ET Q q 0 0 0 rg BT 196.78 695.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 229.64 695.10 Td (as ) Tj ET Q q 0 0 0 rg BT 240.84 695.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 276.95 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 279.82 695.10 Td (as ) Tj ET Q q 0 0 0 rg BT 291.02 695.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 327.22 695.10 Td (for ) Tj ET Q q 0 0 0 rg BT 341.75 695.10 Td (income ) Tj ET Q q 0 0 0 rg BT 374.06 695.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.37 695.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 416.74 695.10 Td (which ) Tj ET Q q 0 0 0 rg BT 444.06 695.10 Td (are ) Tj ET Q q 0 0 0 rg BT 459.13 695.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 504.22 695.10 Td (in ) Tj ET Q q 0 0 0 rg BT 514.87 695.10 Td (nature, ) Tj ET Q q 0 0 0 rg BT 545.23 695.10 Td (but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 683.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 92.27 683.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.78 683.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 127.72 683.10 Td (infrequently) Tj ET Q q 0 0 0 rg BT 175.94 683.10 Td (. ) Tj ET Q q 0 0 0 rg BT 180.98 683.10 Td (The ) Tj ET Q q 0 0 0 rg BT 199.26 683.10 Td (following ) Tj ET Q q 0 0 0 rg BT 240.88 683.10 Td (table ) Tj ET Q q 0 0 0 rg BT 263.05 683.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 280.78 683.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 302.96 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.91 683.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 364.51 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.57 683.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 411.68 683.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.42 683.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.99 683.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 469.83 683.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 505.94 683.10 Td ( ) Tj ET Q q 0 0 0 rg BT 508.67 683.10 Td (for ) Tj ET Q q 0 0 0 rg BT 523.07 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.02 683.10 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 671.10 Td (and ) Tj ET Q q 0 0 0 rg BT 70.68 671.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 90.14 671.10 Td (months ) Tj ET Q q 0 0 0 rg BT 121.82 671.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 147.94 671.10 Td (September ) Tj ET Q q 0 0 0 rg BT 192.95 671.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 207.69 671.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 229.93 671.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.60 671.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 271.34 671.10 Td (and ) Tj ET Q q 0 0 0 rg BT 288.02 671.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 324.70 671.10 Td (a ) Tj ET Q q 0 0 0 rg BT 331.38 671.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 388.60 671.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.17 671.10 Td (these ) Tj ET Q q 0 0 0 rg BT 421.95 671.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 467.14 671.10 Td ( ) Tj ET Q q 0 0 0 rg BT 469.38 671.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 508.83 671.10 Td (to ) Tj ET Q q 0 0 0 rg BT 518.85 671.10 Td (net ) Tj ET Q q 0 0 0 rg BT 533.30 671.10 Td (profit. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 659.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 90.11 659.10 Td ( ) Tj ET Q q 0 0 0 rg BT 92.62 659.10 Td (is ) Tj ET Q q 0 0 0 rg BT 101.80 659.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 142.63 659.10 Td (by ) Tj ET Q q 0 0 0 rg BT 155.14 659.10 Td (management ) Tj ET Q q 0 0 0 rg BT 208.74 659.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.03 659.10 Td (aid ) Tj ET Q q 0 0 0 rg BT 233.76 659.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 272.38 659.10 Td (in ) Tj ET Q q 0 0 0 rg BT 282.67 659.10 Td (their ) Tj ET Q q 0 0 0 rg BT 303.51 659.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 338.24 659.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.08 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.81 659.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 416.85 659.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.69 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.42 659.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 470.48 659.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.43 659.10 Td (to ) Tj ET Q q 0 0 0 rg BT 497.72 659.10 Td (assist ) Tj ET Q q 0 0 0 rg BT 521.91 659.10 Td (investors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 647.10 Td (in ) Tj ET Q q 0 0 0 rg BT 63.81 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.05 647.10 Td (comparison ) Tj ET Q q 0 0 0 rg BT 126.74 647.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.10 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.34 647.10 Td (Group) Tj ET Q q 0 0 0 rg BT 179.67 647.10 Td (s ) Tj ET Q q 0 0 0 rg BT 185.59 647.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 238.14 647.10 Td (with ) Tj ET Q q 0 0 0 rg BT 257.95 647.10 Td (that ) Tj ET Q q 0 0 0 rg BT 274.97 647.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.33 647.10 Td (other ) Tj ET Q q 0 0 0 rg BT 307.91 647.10 Td (companies. ) Tj ET Q q 0 0 0 rg BT 354.75 647.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 392.89 647.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 429.00 647.10 Td ( ) Tj ET Q q 0 0 0 rg BT 431.03 647.10 Td (is ) Tj ET Q q 0 0 0 rg BT 439.73 647.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 480.07 647.10 Td (to ) Tj ET Q q 0 0 0 rg BT 489.88 647.10 Td (demonstrate ) Tj ET Q q 0 0 0 rg BT 540.78 647.10 Td (how ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 69.06 635.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 115.23 635.10 Td (business ) Tj ET Q q 0 0 0 rg BT 151.96 635.10 Td (has ) Tj ET Q q 0 0 0 rg BT 168.13 635.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 212.62 635.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 234.90 635.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.52 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.58 635.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 290.63 635.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.80 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.86 635.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 353.03 635.10 Td (items, ) Tj ET Q q 0 0 0 rg BT 380.04 635.10 Td (which ) Tj ET Q q 0 0 0 rg BT 407.32 635.10 Td (may ) Tj ET Q q 0 0 0 rg BT 427.37 635.10 Td (obscure ) Tj ET Q q 0 0 0 rg BT 461.31 635.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 507.48 635.10 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 623.10 Td (and ) Tj ET Q q 0 0 0 rg BT 70.94 623.10 Td (impair ) Tj ET Q q 0 0 0 rg BT 99.54 623.10 Td (comparability ) Tj ET Q q 0 0 0 rg BT 157.58 623.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.41 623.10 Td (results ) Tj ET Q q 0 0 0 rg BT 197.02 623.10 Td (between ) Tj ET Q q 0 0 0 rg BT 232.83 623.10 Td (periods.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 55.50 550.60 212.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 550.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 550.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 550.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 550.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 550.60 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 550.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 550.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 550.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 551.50 550.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 55.50 522.60 212.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 522.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 522.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 522.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 522.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 522.60 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 522.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 522.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 522.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 551.50 522.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 55.50 494.60 212.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 494.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 494.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 494.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 494.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 494.60 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 494.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 494.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 494.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 551.50 494.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 55.50 460.60 212.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 460.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 460.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 460.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 460.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 460.60 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 460.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 460.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 460.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 551.50 460.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 55.50 425.60 212.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 425.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 425.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 425.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 425.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 425.60 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 425.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 425.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 425.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 551.50 425.60 4.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 577.6 m 337.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 577.6 m 341.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 577.6 m 407.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 563.6 m 337.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 563.6 m 407.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 577.6 m 481.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 563.6 m 481.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 577.6 m 485.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 577.6 m 551.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 563.6 m 551.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 494.6 m 337.5 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 481.6 m 337.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 479.6 m 337.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 494.6 m 407.5 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 481.6 m 407.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 479.6 m 407.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 494.6 m 481.5 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 481.6 m 481.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 479.6 m 481.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 494.6 m 551.5 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 481.6 m 551.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 479.6 m 551.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 479.6 m 337.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 481.6 m 337.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 479.6 m 407.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 481.6 m 407.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 425.6 m 337.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 425.6 m 407.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 425.6 m 481.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 425.6 m 551.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 425.6 m 337.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 412.6 m 337.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 410.6 m 337.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 425.6 m 407.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 412.6 m 407.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 410.6 m 407.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 425.6 m 481.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 412.6 m 481.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 410.6 m 481.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 425.6 m 551.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 412.6 m 551.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 410.6 m 551.5 410.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 285.90 591.05 Td (For) Tj ET Q q 0 0 0 rg BT 299.73 591.05 Td ( the thr) Tj ET Q q 0 0 0 rg BT 328.06 591.05 Td (ee months ended ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 311.55 582.05 Td (September) Tj ET Q q 0 0 0 rg BT 352.88 582.05 Td ( 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.55 591.05 Td (For the nine months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.55 582.05 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 295.00 568.05 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.00 568.05 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 439.00 568.05 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 509.00 568.05 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.75 554.85 Td (\( million\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 541.06 Td (Net profit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 325.00 541.06 Td (94) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.00 541.06 Td (58) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.50 541.06 Td (235) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.50 541.06 Td (186) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 527.06 Td (Income tax expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 325.00 527.06 Td (48) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.00 527.06 Td (36) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.50 527.06 Td (119) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.00 527.06 Td (95) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 513.06 Td (Net financial \(income\)/expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.50 513.06 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 513.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.50 513.06 Td (\(5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.00 513.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 513.06 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.50 513.06 Td (\(7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.00 513.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 499.06 Td (Amortization and depreciation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 325.00 499.06 Td (73) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.00 499.06 Td (71) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.50 499.06 Td (203) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.50 499.06 Td (211) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 58.00 485.05 Td (EBITDA) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 320.50 485.05 Td (214) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 390.50 485.05 Td (160) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.50 485.05 Td (562) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.50 485.05 Td (485) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 471.86 Td (Expense related to the resignation of the former) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 462.91 Td (Chairman) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 325.00 465.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.00 465.06 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.00 465.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.00 465.06 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 451.06 Td (Expenses incurred in relation to the IPO) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.50 451.06 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.00 451.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.00 451.06 Td (11) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.00 451.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 437.86 Td (Gain recognized on disposal of investment property) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 428.86 Td (assets and liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.50 430.06 Td (\(6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 430.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.00 430.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.50 430.06 Td (\(6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 430.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.00 430.06 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 58.00 416.05 Td (Adjusted EBITDA) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 320.50 416.05 Td (213) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 390.50 416.05 Td (175) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.50 416.05 Td (567) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.50 416.05 Td (500) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 388.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 91.50 388.10 Td (EBIT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 364.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 364.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 128.06 364.10 Td (EBIT) Tj ET Q q 0 0 0 rg BT 150.10 364.10 Td ( ) Tj ET Q q 0 0 0 rg BT 152.05 364.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 194.55 364.10 Td (EBIT) Tj ET Q q 0 0 0 rg BT 216.58 364.10 Td ( ) Tj ET Q q 0 0 0 rg BT 218.54 364.10 Td (as ) Tj ET Q q 0 0 0 rg BT 228.82 364.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 264.10 364.10 Td (for ) Tj ET Q q 0 0 0 rg BT 277.72 364.10 Td (income ) Tj ET Q q 0 0 0 rg BT 309.10 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.50 364.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 349.95 364.10 Td (which ) Tj ET Q q 0 0 0 rg BT 376.34 364.10 Td (are ) Tj ET Q q 0 0 0 rg BT 390.51 364.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 434.67 364.10 Td (in ) Tj ET Q q 0 0 0 rg BT 444.41 364.10 Td (nature, ) Tj ET Q q 0 0 0 rg BT 473.85 364.10 Td (but ) Tj ET Q q 0 0 0 rg BT 488.58 364.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 526.06 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 535.80 364.10 Td (occur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 352.10 Td (infrequently) Tj ET Q q 0 0 0 rg BT 102.22 352.10 Td (. ) Tj ET Q q 0 0 0 rg BT 106.86 352.10 Td (W) Tj ET Q q 0 0 0 rg BT 115.50 352.10 Td (e ) Tj ET Q q 0 0 0 rg BT 122.24 352.10 Td (present ) Tj ET Q q 0 0 0 rg BT 153.43 352.10 Td (such ) Tj ET Q q 0 0 0 rg BT 174.06 352.10 Td (information ) Tj ET Q q 0 0 0 rg BT 223.58 352.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.67 352.10 Td (order ) Tj ET Q q 0 0 0 rg BT 257.07 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.16 352.10 Td (present ) Tj ET Q q 0 0 0 rg BT 298.34 352.10 Td (how ) Tj ET Q q 0 0 0 rg BT 317.87 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.39 352.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 378.02 352.10 Td (business ) Tj ET Q q 0 0 0 rg BT 414.22 352.10 Td (has ) Tj ET Q q 0 0 0 rg BT 429.85 352.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 473.81 352.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 495.55 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 505.64 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.16 352.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 549.68 352.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 340.10 Td (such ) Tj ET Q q 0 0 0 rg BT 74.37 340.10 Td (items, ) Tj ET Q q 0 0 0 rg BT 100.58 340.10 Td (which ) Tj ET Q q 0 0 0 rg BT 127.05 340.10 Td (may ) Tj ET Q q 0 0 0 rg BT 146.31 340.10 Td (obscure ) Tj ET Q q 0 0 0 rg BT 179.45 340.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 224.81 340.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 277.38 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.86 340.10 Td (impair ) Tj ET Q q 0 0 0 rg BT 322.00 340.10 Td (comparability ) Tj ET Q q 0 0 0 rg BT 379.58 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.95 340.10 Td (results ) Tj ET Q q 0 0 0 rg BT 418.09 340.10 Td (between ) Tj ET Q q 0 0 0 rg BT 453.45 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.71 340.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 501.54 340.10 Td (The ) Tj ET Q q 0 0 0 rg BT 519.13 340.10 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 328.10 Td (table ) Tj ET Q q 0 0 0 rg BT 75.93 328.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 93.43 328.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 115.37 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.09 328.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 176.46 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.73 328.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 225.34 328.10 Td (EBIT) Tj ET Q q 0 0 0 rg BT 247.38 328.10 Td ( ) Tj ET Q q 0 0 0 rg BT 249.88 328.10 Td (for ) Tj ET Q q 0 0 0 rg BT 264.04 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.76 328.10 Td (three ) Tj ET Q q 0 0 0 rg BT 301.24 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.18 328.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 337.90 328.10 Td (months ) Tj ET Q q 0 0 0 rg BT 369.84 328.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 396.22 328.10 Td (September ) Tj ET Q q 0 0 0 rg BT 441.49 328.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 456.49 328.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 478.99 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 495.92 328.10 Td (2014.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 255.60 255.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 255.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 255.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 255.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 255.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 255.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 255.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 255.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 255.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 226.60 255.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 226.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 226.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 226.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 226.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 226.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 226.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 226.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 226.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 189.60 255.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 189.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 189.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 189.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 189.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 189.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 189.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 189.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 189.60 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 282.6 m 369.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 282.6 m 374.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 282.6 m 430.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 282.6 m 490.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 268.6 m 369.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 268.6 m 430.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 282.6 m 490.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 268.6 m 490.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 282.6 m 494.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 282.6 m 550.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 268.6 m 550.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 189.60000000000002 m 369.5 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 189.60000000000002 m 430.5 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 189.60000000000002 m 490.5 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 189.60000000000002 m 550.5 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 176.60000000000002 m 369.5 176.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 174.60000000000002 m 369.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 176.60000000000002 m 430.5 176.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 174.60000000000002 m 430.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 176.60000000000002 m 490.5 176.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 174.60000000000002 m 490.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 176.60000000000002 m 550.5 176.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 174.60000000000002 m 550.5 174.60000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 318.40 296.05 Td (For) Tj ET Q q 0 0 0 rg BT 332.23 296.05 Td ( the thr) Tj ET Q q 0 0 0 rg BT 360.56 296.05 Td (ee months ended ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.05 287.05 Td (September) Tj ET Q q 0 0 0 rg BT 385.38 287.05 Td ( 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.55 296.05 Td (For) Tj ET Q q 0 0 0 rg BT 454.38 296.05 Td ( the nine months ended ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.55 287.05 Td (September) Tj ET Q q 0 0 0 rg BT 505.88 287.05 Td ( 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 332.00 273.05 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 393.00 273.05 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 453.00 273.05 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 513.00 273.05 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.10 259.86 Td (\( million\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 246.05 Td (EBIT) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 352.50 246.05 Td (141) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.00 246.05 Td (89) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.50 246.05 Td (359) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.50 246.05 Td (274) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 231.06 Td (Expense related to the resignation of the former Chairman) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 357.00 231.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.00 231.06 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 231.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.00 231.06 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 216.06 Td (Expenses incurred in relation to the IPO) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 216.06 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.00 216.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 216.06 Td (11) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.00 216.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 202.86 Td (Gain recognized on disposal of investment property assets and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 193.86 Td (liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 358.50 194.06 Td (\(6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 194.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.00 194.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 194.06 Td (\(6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 194.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.00 194.06 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 180.05 Td (Adjusted EBIT) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 352.50 180.05 Td (140) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 413.50 180.05 Td (104) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.50 180.05 Td (364) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.50 180.05 Td (289) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 303.00 41.20 Td (8) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 731.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 70.39 731.10 Td (Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.95 731.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 707.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 707.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 107.22 707.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 130.01 707.10 Td (is ) Tj ET Q q 0 0 0 rg BT 139.46 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.46 707.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 188.90 707.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 225.00 707.10 Td (used ) Tj ET Q q 0 0 0 rg BT 246.12 707.10 Td (by ) Tj ET Q q 0 0 0 rg BT 258.90 707.10 Td (management ) Tj ET Q q 0 0 0 rg BT 312.78 707.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.34 707.10 Td (analyze ) Tj ET Q q 0 0 0 rg BT 356.66 707.10 Td (our ) Tj ET Q q 0 0 0 rg BT 372.77 707.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 410.54 707.10 Td (leverage ) Tj ET Q q 0 0 0 rg BT 447.18 707.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.41 707.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 493.84 707.10 Td (structure, ) Tj ET Q q 0 0 0 rg BT 534.11 707.10 Td (and ) Tj ET Q q 0 0 0 rg BT 551.33 707.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 695.10 Td (one ) Tj ET Q q 0 0 0 rg BT 71.07 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 82.02 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.87 695.10 Td (key ) Tj ET Q q 0 0 0 rg BT 113.93 695.10 Td (indicators ) Tj ET Q q 0 0 0 rg BT 155.99 695.10 Td (used ) Tj ET Q q 0 0 0 rg BT 176.95 695.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.35 695.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 223.30 695.10 Td (our ) Tj ET Q q 0 0 0 rg BT 239.25 695.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 276.86 695.10 Td (position. ) Tj ET Q q 0 0 0 rg BT 314.02 695.10 Td (The ) Tj ET Q q 0 0 0 rg BT 332.20 695.10 Td (following ) Tj ET Q q 0 0 0 rg BT 373.71 695.10 Td (table ) Tj ET Q q 0 0 0 rg BT 395.77 695.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 413.40 695.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 435.47 695.10 Td (a ) Tj ET Q q 0 0 0 rg BT 442.53 695.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 500.13 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.09 695.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 528.16 695.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 550.78 695.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 683.10 Td (September ) Tj ET Q q 0 0 0 rg BT 99.61 683.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 114.96 683.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 137.80 683.10 Td (and ) Tj ET Q q 0 0 0 rg BT 155.08 683.10 Td (December ) Tj ET Q q 0 0 0 rg BT 199.01 683.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 214.36 683.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 239.71 683.10 Td (using ) Tj ET Q q 0 0 0 rg BT 264.22 683.10 Td (information ) Tj ET Q q 0 0 0 rg BT 314.28 683.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 347.11 683.10 Td (from ) Tj ET Q q 0 0 0 rg BT 369.39 683.10 Td (our ) Tj ET Q q 0 0 0 rg BT 385.57 683.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 417.30 683.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 470.69 683.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 511.85 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.03 683.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 671.10 Td (position ) Tj ET Q q 0 0 0 rg BT 88.73 671.10 Td (included ) Tj ET Q q 0 0 0 rg BT 125.66 671.10 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 168.14 671.10 Td (in ) Tj ET Q q 0 0 0 rg BT 178.41 671.10 Td (this ) Tj ET Q q 0 0 0 rg BT 195.36 671.10 Td (Interim ) Tj ET Q q 0 0 0 rg BT 227.30 671.10 Td (Report.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 61.00 607.60 275.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 607.60 105.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 607.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 607.60 105.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 61.00 579.60 275.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 579.60 105.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 579.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 579.60 105.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 61.00 551.60 275.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 551.60 105.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 551.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 551.60 105.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 634.6 m 441 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 620.6 m 441 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 634.6 m 550 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 620.6 m 550 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 551.6 m 441 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 538.6 m 441 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 536.6 m 441 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 551.6 m 550 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 538.6 m 550 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 536.6 m 550 536.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 354.70 639.05 Td (At September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.95 639.05 Td (At December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 379.00 625.05 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.00 625.05 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.25 611.85 Td (\( million\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 598.06 Td (Cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.00 598.06 Td (190) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.00 598.06 Td (134) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 584.06 Td (Deposits in FCA) Tj ET Q q 0 0 0 rg BT 123.51 584.06 Td ( Group cash management pools) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.25 584.06 Td (1,216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.00 584.06 Td (942) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 570.06 Td (Financial liabilities with FCA) Tj ET Q q 0 0 0 rg BT 170.25 570.06 Td ( Group) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 570.06 Td (\(389) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.50 570.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.00 570.06 Td (\(379) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 570.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 556.06 Td (Financial liabilities with third parties) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 556.06 Td (\(190) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.50 556.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.00 556.06 Td (\(131) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 556.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.50 542.05 Td (T) Tj ET Q q 0 0 0 rg BT 68.68 542.05 Td (otal Net Cash) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 542.05 Td (827) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.00 542.05 Td (566) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 508.70 Td (Fr) Tj ET Q q 0 0 0 rg BT 63.63 508.70 Td (ee ) Tj ET Q q 0 0 0 rg BT 75.01 508.70 Td (Cash ) Tj ET Q q 0 0 0 rg BT 98.07 508.70 Td (Flow) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 484.70 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 484.70 Td (Free ) Tj ET Q q 0 0 0 rg BT 110.01 484.70 Td (Cash ) Tj ET Q q 0 0 0 rg BT 132.26 484.70 Td (Flow ) Tj ET Q q 0 0 0 rg BT 155.07 484.70 Td (is ) Tj ET Q q 0 0 0 rg BT 163.98 484.70 Td (one ) Tj ET Q q 0 0 0 rg BT 180.67 484.70 Td (of ) Tj ET Q q 0 0 0 rg BT 191.25 484.70 Td (management) Tj ET Q q 0 0 0 rg BT 245.11 484.70 Td (s ) Tj ET Q q 0 0 0 rg BT 251.25 484.70 Td (primary ) Tj ET Q q 0 0 0 rg BT 285.15 484.70 Td (key ) Tj ET Q q 0 0 0 rg BT 301.84 484.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 354.60 484.70 Td (indicators ) Tj ET Q q 0 0 0 rg BT 396.28 484.70 Td (to ) Tj ET Q q 0 0 0 rg BT 406.31 484.70 Td (measure ) Tj ET Q q 0 0 0 rg BT 441.87 484.70 Td (the ) Tj ET Q q 0 0 0 rg BT 456.33 484.70 Td (Group) Tj ET Q q 0 0 0 rg BT 484.66 484.70 Td (s ) Tj ET Q q 0 0 0 rg BT 490.80 484.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 543.57 484.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 472.70 Td (is ) Tj ET Q q 0 0 0 rg BT 63.23 472.70 Td (defined ) Tj ET Q q 0 0 0 rg BT 95.78 472.70 Td (as ) Tj ET Q q 0 0 0 rg BT 106.68 472.70 Td (net ) Tj ET Q q 0 0 0 rg BT 121.46 472.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 141.79 472.70 Td (generated ) Tj ET Q q 0 0 0 rg BT 183.21 472.70 Td (from ) Tj ET Q q 0 0 0 rg BT 205.22 472.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 249.43 472.70 Td (less ) Tj ET Q q 0 0 0 rg BT 267.00 472.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 287.33 472.70 Td (flows ) Tj ET Q q 0 0 0 rg BT 312.12 472.70 Td (used ) Tj ET Q q 0 0 0 rg BT 333.01 472.70 Td (in ) Tj ET Q q 0 0 0 rg BT 343.35 472.70 Td (investing ) Tj ET Q q 0 0 0 rg BT 382.58 472.70 Td (activities. ) Tj ET Q q 0 0 0 rg BT 423.56 472.70 Td (The ) Tj ET Q q 0 0 0 rg BT 441.67 472.70 Td (following ) Tj ET Q q 0 0 0 rg BT 483.12 472.70 Td (table ) Tj ET Q q 0 0 0 rg BT 505.11 472.70 Td (sets ) Tj ET Q q 0 0 0 rg BT 522.68 472.70 Td (forth ) Tj ET Q q 0 0 0 rg BT 544.68 472.70 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 460.70 Td (Free ) Tj ET Q q 0 0 0 rg BT 75.07 460.70 Td (Cash ) Tj ET Q q 0 0 0 rg BT 98.37 460.70 Td (Flow ) Tj ET Q q 0 0 0 rg BT 122.23 460.70 Td (for ) Tj ET Q q 0 0 0 rg BT 137.18 460.70 Td (the ) Tj ET Q q 0 0 0 rg BT 152.70 460.70 Td (nine ) Tj ET Q q 0 0 0 rg BT 173.21 460.70 Td (months ) Tj ET Q q 0 0 0 rg BT 205.96 460.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 233.14 460.70 Td (September ) Tj ET Q q 0 0 0 rg BT 279.20 460.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 295.00 460.70 Td (2015 ) Tj ET Q q 0 0 0 rg BT 318.29 460.70 Td (and ) Tj ET Q q 0 0 0 rg BT 336.03 460.70 Td (2014 ) Tj ET Q q 0 0 0 rg BT 359.33 460.70 Td (using ) Tj ET Q q 0 0 0 rg BT 384.30 460.70 Td (information ) Tj ET Q q 0 0 0 rg BT 434.81 460.70 Td (derived ) Tj ET Q q 0 0 0 rg BT 468.09 460.70 Td (from ) Tj ET Q q 0 0 0 rg BT 490.83 460.70 Td (our ) Tj ET Q q 0 0 0 rg BT 507.46 460.70 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 448.70 Td (statement ) Tj ET Q q 0 0 0 rg BT 94.82 448.70 Td (of ) Tj ET Q q 0 0 0 rg BT 105.65 448.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 125.92 448.70 Td (flows.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.00 397.20 255.00 -14.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 309.00 397.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 397.20 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 397.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 397.20 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.00 369.20 255.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 369.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 369.20 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 369.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 369.20 120.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 424.2 m 433 424.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 424.2 m 437 424.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 424.2 m 557 424.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 410.2 m 433 410.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 410.2 m 557 410.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 369.2 m 433 369.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 356.2 m 433 356.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 354.2 m 433 354.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 369.2 m 557 369.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 356.2 m 557 356.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 354.2 m 557 354.2 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 354.50 428.65 Td (For the nine months ended September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.50 414.65 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 414.65 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.25 401.45 Td (\( million\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.50 387.77 Td (Cash flows from operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 387.77 Td (534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.15 387.77 Td (295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.50 373.77 Td (Cash flows used in investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 373.82 Td (\(196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 373.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.80 373.82 Td (\(168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 373.77 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 56.50 359.88 Td (Fr) Tj ET Q q 0 0 0 rg BT 66.87 359.88 Td (ee Cash Flow) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.15 359.88 Td (338) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.15 359.88 Td (127) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 331.70 Td (Constant ) Tj ET Q q 0 0 0 rg BT 92.62 331.70 Td (Curr) Tj ET Q q 0 0 0 rg BT 111.70 331.70 Td (ency ) Tj ET Q q 0 0 0 rg BT 132.52 331.70 Td (Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 307.70 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 307.70 Td (The ) Tj ET Q q 0 0 0 rg BT 108.83 307.70 Td (Results ) Tj ET Q q 0 0 0 rg BT 146.00 307.70 Td (of ) Tj ET Q q 0 0 0 rg BT 157.61 307.70 Td (Operations ) Tj ET Q q 0 0 0 rg BT 209.21 307.70 Td (discussion ) Tj ET Q q 0 0 0 rg BT 254.16 307.70 Td (below ) Tj ET Q q 0 0 0 rg BT 281.88 307.70 Td (includes ) Tj ET Q q 0 0 0 rg BT 318.49 307.70 Td (information ) Tj ET Q q 0 0 0 rg BT 368.99 307.70 Td (about ) Tj ET Q q 0 0 0 rg BT 394.49 307.70 Td (our ) Tj ET Q q 0 0 0 rg BT 411.10 307.70 Td (net ) Tj ET Q q 0 0 0 rg BT 426.60 307.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 465.42 307.70 Td (on ) Tj ET Q q 0 0 0 rg BT 478.70 307.70 Td (a ) Tj ET Q q 0 0 0 rg BT 486.42 307.70 Td (constant ) Tj ET Q q 0 0 0 rg BT 523.03 307.70 Td (currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 295.70 Td (basis. ) Tj ET Q q 0 0 0 rg BT 79.71 295.70 Td (W) Tj ET Q q 0 0 0 rg BT 88.34 295.70 Td (e ) Tj ET Q q 0 0 0 rg BT 96.24 295.70 Td (use ) Tj ET Q q 0 0 0 rg BT 113.03 295.70 Td (this ) Tj ET Q q 0 0 0 rg BT 130.93 295.70 Td (information ) Tj ET Q q 0 0 0 rg BT 181.60 295.70 Td (to ) Tj ET Q q 0 0 0 rg BT 192.84 295.70 Td (assess ) Tj ET Q q 0 0 0 rg BT 220.74 295.70 Td (how ) Tj ET Q q 0 0 0 rg BT 241.42 295.70 Td (the ) Tj ET Q q 0 0 0 rg BT 257.09 295.70 Td (underlying ) Tj ET Q q 0 0 0 rg BT 303.87 295.70 Td (business ) Tj ET Q q 0 0 0 rg BT 341.22 295.70 Td (has ) Tj ET Q q 0 0 0 rg BT 358.01 295.70 Td (performed ) Tj ET Q q 0 0 0 rg BT 403.11 295.70 Td (independent ) Tj ET Q q 0 0 0 rg BT 455.44 295.70 Td (of ) Tj ET Q q 0 0 0 rg BT 467.23 295.70 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 517.90 295.70 Td (in ) Tj ET Q q 0 0 0 rg BT 529.13 295.70 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 283.70 Td (currency ) Tj ET Q q 0 0 0 rg BT 91.39 283.70 Td (exchange ) Tj ET Q q 0 0 0 rg BT 131.57 283.70 Td (rates. ) Tj ET Q q 0 0 0 rg BT 155.19 283.70 Td (W) Tj ET Q q 0 0 0 rg BT 163.82 283.70 Td (e ) Tj ET Q q 0 0 0 rg BT 170.68 283.70 Td (calculate ) Tj ET Q q 0 0 0 rg BT 208.63 283.70 Td (constant ) Tj ET Q q 0 0 0 rg BT 244.37 283.70 Td (currency ) Tj ET Q q 0 0 0 rg BT 281.77 283.70 Td (by ) Tj ET Q q 0 0 0 rg BT 294.18 283.70 Td (applying ) Tj ET Q q 0 0 0 rg BT 331.60 283.70 Td (the ) Tj ET Q q 0 0 0 rg BT 346.23 283.70 Td (prior) Tj ET Q q 0 0 0 rg BT 365.47 283.70 Td (-period ) Tj ET Q q 0 0 0 rg BT 396.77 283.70 Td (average ) Tj ET Q q 0 0 0 rg BT 430.27 283.70 Td (foreign ) Tj ET Q q 0 0 0 rg BT 461.56 283.70 Td (currency ) Tj ET Q q 0 0 0 rg BT 498.96 283.70 Td (exchange ) Tj ET Q q 0 0 0 rg BT 539.13 283.70 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 271.70 Td (to ) Tj ET Q q 0 0 0 rg BT 64.00 271.70 Td (current ) Tj ET Q q 0 0 0 rg BT 94.54 271.70 Td (period ) Tj ET Q q 0 0 0 rg BT 122.32 271.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 159.52 271.70 Td (data ) Tj ET Q q 0 0 0 rg BT 178.40 271.70 Td (expressed ) Tj ET Q q 0 0 0 rg BT 220.06 271.70 Td (in ) Tj ET Q q 0 0 0 rg BT 230.06 271.70 Td (local ) Tj ET Q q 0 0 0 rg BT 251.72 271.70 Td (currency ) Tj ET Q q 0 0 0 rg BT 288.92 271.70 Td (in ) Tj ET Q q 0 0 0 rg BT 298.93 271.70 Td (which ) Tj ET Q q 0 0 0 rg BT 325.59 271.70 Td (the ) Tj ET Q q 0 0 0 rg BT 340.03 271.70 Td (relevant ) Tj ET Q q 0 0 0 rg BT 374.46 271.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 411.67 271.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 456.10 271.70 Td (are ) Tj ET Q q 0 0 0 rg BT 470.54 271.70 Td (denominated, ) Tj ET Q q 0 0 0 rg BT 526.91 271.70 Td (in ) Tj ET Q q 0 0 0 rg BT 536.92 271.70 Td (order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 259.70 Td (to ) Tj ET Q q 0 0 0 rg BT 63.65 259.70 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 102.72 259.70 Td (the ) Tj ET Q q 0 0 0 rg BT 116.81 259.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 145.89 259.70 Td (of ) Tj ET Q q 0 0 0 rg BT 156.09 259.70 Td (foreign ) Tj ET Q q 0 0 0 rg BT 186.84 259.70 Td (currency ) Tj ET Q q 0 0 0 rg BT 223.68 259.70 Td (exchange ) Tj ET Q q 0 0 0 rg BT 263.30 259.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 280.16 259.70 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 329.24 259.70 Td (\(see ) Tj ET Q q 0 0 0 rg BT 347.21 259.70 Td (Note ) Tj ET Q q 0 0 0 rg BT 368.51 259.70 Td (5 ) Tj ET Q q 0 0 0 rg BT 375.38 259.70 Td (Other ) Tj ET Q q 0 0 0 rg BT 404.46 259.70 Td (Information ) Tj ET Q q 0 0 0 rg BT 458.53 259.70 Td (to ) Tj ET Q q 0 0 0 rg BT 468.18 259.70 Td (the ) Tj ET Q q 0 0 0 rg BT 482.26 259.70 Td (Interim ) Tj ET Q q 0 0 0 rg BT 513.57 259.70 Td (Condensed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 247.70 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 110.12 247.70 Td (Financial ) Tj ET Q q 0 0 0 rg BT 150.69 247.70 Td (Statements, ) Tj ET Q q 0 0 0 rg BT 200.42 247.70 Td (included ) Tj ET Q q 0 0 0 rg BT 238.21 247.70 Td (in ) Tj ET Q q 0 0 0 rg BT 249.33 247.70 Td (this ) Tj ET Q q 0 0 0 rg BT 267.13 247.70 Td (Interim ) Tj ET Q q 0 0 0 rg BT 299.92 247.70 Td (Report, ) Tj ET Q q 0 0 0 rg BT 332.99 247.70 Td (for ) Tj ET Q q 0 0 0 rg BT 348.00 247.70 Td (information ) Tj ET Q q 0 0 0 rg BT 398.56 247.70 Td (on ) Tj ET Q q 0 0 0 rg BT 411.91 247.70 Td (the ) Tj ET Q q 0 0 0 rg BT 427.48 247.70 Td (foreign ) Tj ET Q q 0 0 0 rg BT 459.71 247.70 Td (currency ) Tj ET Q q 0 0 0 rg BT 498.03 247.70 Td (exchange ) Tj ET Q q 0 0 0 rg BT 539.14 247.70 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 235.70 Td (applied\). ) Tj ET Q q 0 0 0 rg BT 91.30 235.70 Td (Although ) Tj ET Q q 0 0 0 rg BT 131.70 235.70 Td (we ) Tj ET Q q 0 0 0 rg BT 145.97 235.70 Td (do ) Tj ET Q q 0 0 0 rg BT 158.59 235.70 Td (not ) Tj ET Q q 0 0 0 rg BT 173.98 235.70 Td (believe ) Tj ET Q q 0 0 0 rg BT 205.47 235.70 Td (that ) Tj ET Q q 0 0 0 rg BT 223.08 235.70 Td (these ) Tj ET Q q 0 0 0 rg BT 246.25 235.70 Td (measures ) Tj ET Q q 0 0 0 rg BT 286.07 235.70 Td (are ) Tj ET Q q 0 0 0 rg BT 300.89 235.70 Td (a ) Tj ET Q q 0 0 0 rg BT 307.95 235.70 Td (substitute ) Tj ET Q q 0 0 0 rg BT 348.90 235.70 Td (for ) Tj ET Q q 0 0 0 rg BT 363.18 235.70 Td (GAAP) Tj ET Q q 0 0 0 rg BT 390.03 235.70 Td ( ) Tj ET Q q 0 0 0 rg BT 392.65 235.70 Td (measures, ) Tj ET Q q 0 0 0 rg BT 434.97 235.70 Td (we ) Tj ET Q q 0 0 0 rg BT 449.25 235.70 Td (do ) Tj ET Q q 0 0 0 rg BT 461.86 235.70 Td (believe ) Tj ET Q q 0 0 0 rg BT 493.35 235.70 Td (that ) Tj ET Q q 0 0 0 rg BT 510.96 235.70 Td (such ) Tj ET Q q 0 0 0 rg BT 531.91 235.70 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 223.70 Td (excluding ) Tj ET Q q 0 0 0 rg BT 96.80 223.70 Td (the ) Tj ET Q q 0 0 0 rg BT 112.39 223.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 142.97 223.70 Td (of ) Tj ET Q q 0 0 0 rg BT 154.67 223.70 Td (currency ) Tj ET Q q 0 0 0 rg BT 193.01 223.70 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 243.59 223.70 Td (year) Tj ET Q q 0 0 0 rg BT 260.60 223.70 Td (-on-year ) Tj ET Q q 0 0 0 rg BT 297.83 223.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 331.75 223.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 375.10 223.70 Td (useful ) Tj ET Q q 0 0 0 rg BT 402.91 223.70 Td (information ) Tj ET Q q 0 0 0 rg BT 453.49 223.70 Td (to ) Tj ET Q q 0 0 0 rg BT 464.64 223.70 Td (investors ) Tj ET Q q 0 0 0 rg BT 504.11 223.70 Td (regarding ) Tj ET Q q 0 0 0 rg BT 545.80 223.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 211.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 94.24 211.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 147.23 211.70 Td (on ) Tj ET Q q 0 0 0 rg BT 159.70 211.70 Td (a ) Tj ET Q q 0 0 0 rg BT 166.61 211.70 Td (local ) Tj ET Q q 0 0 0 rg BT 188.52 211.70 Td (currency ) Tj ET Q q 0 0 0 rg BT 225.97 211.70 Td (basis. ) Tj ET Q q 0 0 0 rg BT 250.94 211.70 Td (For ) Tj ET Q q 0 0 0 rg BT 267.30 211.70 Td (example, ) Tj ET Q q 0 0 0 rg BT 306.15 211.70 Td (if ) Tj ET Q q 0 0 0 rg BT 314.73 211.70 Td (a ) Tj ET Q q 0 0 0 rg BT 321.64 211.70 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 341.89 211.70 Td (entity ) Tj ET Q q 0 0 0 rg BT 367.14 211.70 Td (with ) Tj ET Q q 0 0 0 rg BT 387.39 211.70 Td (a ) Tj ET Q q 0 0 0 rg BT 394.30 211.70 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 414.56 211.70 Td (Dollar ) Tj ET Q q 0 0 0 rg BT 442.57 211.70 Td (functional ) Tj ET Q q 0 0 0 rg BT 485.59 211.70 Td (currency ) Tj ET Q q 0 0 0 rg BT 523.04 211.70 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 199.70 Td (net ) Tj ET Q q 0 0 0 rg BT 68.69 199.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 106.70 199.70 Td (of ) Tj ET Q q 0 0 0 rg BT 117.50 199.70 Td ($100 ) Tj ET Q q 0 0 0 rg BT 139.97 199.70 Td (million ) Tj ET Q q 0 0 0 rg BT 171.33 199.70 Td (for ) Tj ET Q q 0 0 0 rg BT 185.46 199.70 Td (the ) Tj ET Q q 0 0 0 rg BT 200.15 199.70 Td (nine ) Tj ET Q q 0 0 0 rg BT 219.83 199.70 Td (months ) Tj ET Q q 0 0 0 rg BT 251.75 199.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 278.10 199.70 Td (September ) Tj ET Q q 0 0 0 rg BT 323.34 199.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 338.31 199.70 Td (2015 ) Tj ET Q q 0 0 0 rg BT 360.78 199.70 Td (and ) Tj ET Q q 0 0 0 rg BT 377.69 199.70 Td (2014, ) Tj ET Q q 0 0 0 rg BT 402.66 199.70 Td (we ) Tj ET Q q 0 0 0 rg BT 416.79 199.70 Td (would ) Tj ET Q q 0 0 0 rg BT 444.26 199.70 Td (have ) Tj ET Q q 0 0 0 rg BT 465.61 199.70 Td (reported ) Tj ET Q q 0 0 0 rg BT 501.39 199.70 Td (90 ) Tj ET Q q 0 0 0 rg BT 518.86 199.70 Td (million ) Tj ET Q q 0 0 0 rg BT 550.23 199.70 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 187.70 Td (net ) Tj ET Q q 0 0 0 rg BT 68.39 187.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 106.10 187.70 Td (\(using ) Tj ET Q q 0 0 0 rg BT 133.27 187.70 Td (the ) Tj ET Q q 0 0 0 rg BT 147.66 187.70 Td (nine ) Tj ET Q q 0 0 0 rg BT 167.05 187.70 Td (months ) Tj ET Q q 0 0 0 rg BT 198.67 187.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 224.72 187.70 Td (September ) Tj ET Q q 0 0 0 rg BT 269.65 187.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 284.32 187.70 Td (2015 ) Tj ET Q q 0 0 0 rg BT 306.50 187.70 Td (average ) Tj ET Q q 0 0 0 rg BT 339.75 187.70 Td (exchange ) Tj ET Q q 0 0 0 rg BT 379.68 187.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 396.83 187.70 Td (of ) Tj ET Q q 0 0 0 rg BT 407.34 187.70 Td (1.1) Tj ET Q q 0 0 0 rg BT 419.46 187.70 Td (142\) ) Tj ET Q q 0 0 0 rg BT 439.97 187.70 Td (or ) Tj ET Q q 0 0 0 rg BT 450.47 187.70 Td (a ) Tj ET Q q 0 0 0 rg BT 457.08 187.70 Td (16 ) Tj ET Q q 0 0 0 rg BT 474.25 187.70 Td (million ) Tj ET Q q 0 0 0 rg BT 505.31 187.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 540.24 187.70 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 175.70 Td (the ) Tj ET Q q 0 0 0 rg BT 69.47 175.70 Td (74 ) Tj ET Q q 0 0 0 rg BT 87.73 175.70 Td (million ) Tj ET Q q 0 0 0 rg BT 119.88 175.70 Td (reported ) Tj ET Q q 0 0 0 rg BT 156.45 175.70 Td (for ) Tj ET Q q 0 0 0 rg BT 171.37 175.70 Td (the ) Tj ET Q q 0 0 0 rg BT 186.84 175.70 Td (nine ) Tj ET Q q 0 0 0 rg BT 207.32 175.70 Td (months ) Tj ET Q q 0 0 0 rg BT 240.02 175.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 267.15 175.70 Td (September ) Tj ET Q q 0 0 0 rg BT 313.17 175.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 328.93 175.70 Td (2014 ) Tj ET Q q 0 0 0 rg BT 352.19 175.70 Td (\(using ) Tj ET Q q 0 0 0 rg BT 380.45 175.70 Td (the ) Tj ET Q q 0 0 0 rg BT 395.92 175.70 Td (nine ) Tj ET Q q 0 0 0 rg BT 416.39 175.70 Td (months ) Tj ET Q q 0 0 0 rg BT 449.10 175.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 476.23 175.70 Td (September ) Tj ET Q q 0 0 0 rg BT 522.25 175.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 538.01 175.70 Td (2014 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 163.70 Td (average ) Tj ET Q q 0 0 0 rg BT 88.15 163.70 Td (exchange ) Tj ET Q q 0 0 0 rg BT 128.98 163.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 147.03 163.70 Td (of ) Tj ET Q q 0 0 0 rg BT 158.43 163.70 Td (1.3550\). ) Tj ET Q q 0 0 0 rg BT 194.61 163.70 Td (The ) Tj ET Q q 0 0 0 rg BT 213.23 163.70 Td (constant ) Tj ET Q q 0 0 0 rg BT 249.63 163.70 Td (currency ) Tj ET Q q 0 0 0 rg BT 287.67 163.70 Td (presentation ) Tj ET Q q 0 0 0 rg BT 339.61 163.70 Td (would ) Tj ET Q q 0 0 0 rg BT 367.68 163.70 Td (translate ) Tj ET Q q 0 0 0 rg BT 404.63 163.70 Td (the ) Tj ET Q q 0 0 0 rg BT 419.91 163.70 Td (nine ) Tj ET Q q 0 0 0 rg BT 440.20 163.70 Td (months ) Tj ET Q q 0 0 0 rg BT 472.72 163.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 499.67 163.70 Td (September ) Tj ET Q q 0 0 0 rg BT 545.50 163.70 Td (30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 151.70 Td (2015 ) Tj ET Q q 0 0 0 rg BT 76.02 151.70 Td (net ) Tj ET Q q 0 0 0 rg BT 90.26 151.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 127.82 151.70 Td (using ) Tj ET Q q 0 0 0 rg BT 151.52 151.70 Td (the ) Tj ET Q q 0 0 0 rg BT 165.76 151.70 Td (nine ) Tj ET Q q 0 0 0 rg BT 185.00 151.70 Td (months ) Tj ET Q q 0 0 0 rg BT 216.47 151.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 242.37 151.70 Td (September ) Tj ET Q q 0 0 0 rg BT 287.15 151.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 301.68 151.70 Td (2014 ) Tj ET Q q 0 0 0 rg BT 323.70 151.70 Td (foreign ) Tj ET Q q 0 0 0 rg BT 354.60 151.70 Td (currency ) Tj ET Q q 0 0 0 rg BT 391.60 151.70 Td (exchange ) Tj ET Q q 0 0 0 rg BT 431.37 151.70 Td (rates, ) Tj ET Q q 0 0 0 rg BT 454.77 151.70 Td (and ) Tj ET Q q 0 0 0 rg BT 471.24 151.70 Td (therefore ) Tj ET Q q 0 0 0 rg BT 509.34 151.70 Td (indicate ) Tj ET Q q 0 0 0 rg BT 543.02 151.70 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 139.70 Td (the ) Tj ET Q q 0 0 0 rg BT 68.72 139.70 Td (underlying ) Tj ET Q q 0 0 0 rg BT 114.54 139.70 Td (net ) Tj ET Q q 0 0 0 rg BT 129.26 139.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 167.30 139.70 Td (on ) Tj ET Q q 0 0 0 rg BT 179.80 139.70 Td (a ) Tj ET Q q 0 0 0 rg BT 186.73 139.70 Td (constant ) Tj ET Q q 0 0 0 rg BT 222.56 139.70 Td (currency ) Tj ET Q q 0 0 0 rg BT 260.04 139.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 282.54 139.70 Td (were ) Tj ET Q q 0 0 0 rg BT 304.46 139.70 Td (unchanged ) Tj ET Q q 0 0 0 rg BT 350.28 139.70 Td (period-on-period.) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 303.00 41.20 Td (9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 731.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 87.61 731.25 Td (of ) Tj ET Q q 0 0 0 rg BT 98.44 731.25 Td (Operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 701.85 Td (Thr) Tj ET Q q 0 0 0 rg BT 70.49 701.85 Td (ee ) Tj ET Q q 0 0 0 rg BT 81.87 701.85 Td (months ) Tj ET Q q 0 0 0 rg BT 116.04 701.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 144.10 701.85 Td (September) Tj ET Q q 0 0 0 rg BT 190.02 701.85 Td ( ) Tj ET Q q 0 0 0 rg BT 192.52 701.85 Td (30, ) Tj ET Q q 0 0 0 rg BT 207.52 701.85 Td (2015 ) Tj ET Q q 0 0 0 rg BT 230.02 701.85 Td (compar) Tj ET Q q 0 0 0 rg BT 262.61 701.85 Td (ed ) Tj ET Q q 0 0 0 rg BT 275.11 701.85 Td (to ) Tj ET Q q 0 0 0 rg BT 285.94 701.85 Td (thr) Tj ET Q q 0 0 0 rg BT 299.09 701.85 Td (ee ) Tj ET Q q 0 0 0 rg BT 310.46 701.85 Td (months ) Tj ET Q q 0 0 0 rg BT 344.64 701.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 372.70 701.85 Td (September) Tj ET Q q 0 0 0 rg BT 418.62 701.85 Td ( ) Tj ET Q q 0 0 0 rg BT 421.12 701.85 Td (30, ) Tj ET Q q 0 0 0 rg BT 436.12 701.85 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 677.85 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 677.85 Td (The ) Tj ET Q q 0 0 0 rg BT 107.89 677.85 Td (following ) Tj ET Q q 0 0 0 rg BT 149.12 677.85 Td (is ) Tj ET Q q 0 0 0 rg BT 158.13 677.85 Td (a ) Tj ET Q q 0 0 0 rg BT 164.91 677.85 Td (discussion ) Tj ET Q q 0 0 0 rg BT 208.93 677.85 Td (of ) Tj ET Q q 0 0 0 rg BT 219.60 677.85 Td (the ) Tj ET Q q 0 0 0 rg BT 234.16 677.85 Td (results ) Tj ET Q q 0 0 0 rg BT 262.61 677.85 Td (of ) Tj ET Q q 0 0 0 rg BT 273.28 677.85 Td (operations ) Tj ET Q q 0 0 0 rg BT 317.28 677.85 Td (for ) Tj ET Q q 0 0 0 rg BT 331.28 677.85 Td (the ) Tj ET Q q 0 0 0 rg BT 345.84 677.85 Td (three ) Tj ET Q q 0 0 0 rg BT 368.17 677.85 Td (months ) Tj ET Q q 0 0 0 rg BT 399.96 677.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 426.18 677.85 Td (September ) Tj ET Q q 0 0 0 rg BT 471.29 677.85 Td (30, ) Tj ET Q q 0 0 0 rg BT 486.13 677.85 Td (2015 ) Tj ET Q q 0 0 0 rg BT 508.47 677.85 Td (compared ) Tj ET Q q 0 0 0 rg BT 550.24 677.85 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 665.85 Td (the ) Tj ET Q q 0 0 0 rg BT 67.87 665.85 Td (three ) Tj ET Q q 0 0 0 rg BT 89.52 665.85 Td (months ) Tj ET Q q 0 0 0 rg BT 120.62 665.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 146.15 665.85 Td (September ) Tj ET Q q 0 0 0 rg BT 190.57 665.85 Td (30, ) Tj ET Q q 0 0 0 rg BT 204.73 665.85 Td (2014. ) Tj ET Q q 0 0 0 rg BT 228.77 665.85 Td (The ) Tj ET Q q 0 0 0 rg BT 245.97 665.85 Td (discussion ) Tj ET Q q 0 0 0 rg BT 289.30 665.85 Td (of ) Tj ET Q q 0 0 0 rg BT 299.29 665.85 Td (certain ) Tj ET Q q 0 0 0 rg BT 328.14 665.85 Td (line ) Tj ET Q q 0 0 0 rg BT 344.80 665.85 Td (items ) Tj ET Q q 0 0 0 rg BT 368.12 665.85 Td (\(cost ) Tj ET Q q 0 0 0 rg BT 389.21 665.85 Td (of ) Tj ET Q q 0 0 0 rg BT 399.20 665.85 Td (sales, ) Tj ET Q q 0 0 0 rg BT 422.79 665.85 Td (selling, ) Tj ET Q q 0 0 0 rg BT 453.62 665.85 Td (general ) Tj ET Q q 0 0 0 rg BT 484.70 665.85 Td (and ) Tj ET Q q 0 0 0 rg BT 500.79 665.85 Td (administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 653.85 Td (costs ) Tj ET Q q 0 0 0 rg BT 77.04 653.85 Td (and ) Tj ET Q q 0 0 0 rg BT 94.53 653.85 Td (research ) Tj ET Q q 0 0 0 rg BT 130.87 653.85 Td (and ) Tj ET Q q 0 0 0 rg BT 148.36 653.85 Td (development ) Tj ET Q q 0 0 0 rg BT 203.05 653.85 Td (costs\) ) Tj ET Q q 0 0 0 rg BT 229.42 653.85 Td (includes ) Tj ET Q q 0 0 0 rg BT 265.79 653.85 Td (a ) Tj ET Q q 0 0 0 rg BT 273.27 653.85 Td (presentation ) Tj ET Q q 0 0 0 rg BT 325.19 653.85 Td (of ) Tj ET Q q 0 0 0 rg BT 336.56 653.85 Td (such ) Tj ET Q q 0 0 0 rg BT 357.94 653.85 Td (line ) Tj ET Q q 0 0 0 rg BT 375.98 653.85 Td (items ) Tj ET Q q 0 0 0 rg BT 400.68 653.85 Td (as ) Tj ET Q q 0 0 0 rg BT 412.06 653.85 Td (a ) Tj ET Q q 0 0 0 rg BT 419.54 653.85 Td (percentage ) Tj ET Q q 0 0 0 rg BT 465.88 653.85 Td (of ) Tj ET Q q 0 0 0 rg BT 477.26 653.85 Td (net ) Tj ET Q q 0 0 0 rg BT 492.52 653.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 531.10 653.85 Td (for ) Tj ET Q q 0 0 0 rg BT 545.80 653.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.85 Td (respective ) Tj ET Q q 0 0 0 rg BT 97.03 641.85 Td (periods ) Tj ET Q q 0 0 0 rg BT 128.97 641.85 Td (presented, ) Tj ET Q q 0 0 0 rg BT 172.29 641.85 Td (to ) Tj ET Q q 0 0 0 rg BT 182.56 641.85 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 220.04 641.85 Td (period-to-period ) Tj ET Q q 0 0 0 rg BT 288.07 641.85 Td (comparisons.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 571.35 268.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 571.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 571.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 571.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 571.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 571.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 571.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 571.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 571.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 543.35 268.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 543.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 543.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 543.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 543.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 543.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 543.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 543.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 543.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 515.35 268.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 515.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 515.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 515.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 515.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 515.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 515.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 515.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 515.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 487.35 268.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 487.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 487.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 487.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 487.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 487.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 487.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 487.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 487.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 459.35 268.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 459.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 459.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 459.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 459.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 459.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 459.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 459.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 459.35 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 617.35 m 381.5 617.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 617.35 m 385.5 617.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 617.35 m 440.5 617.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 617.35 m 444.5 617.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 617.35 m 499.5 617.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 617.35 m 503.5 617.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 617.35 m 558.5 617.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 585.35 m 381.5 585.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 585.35 m 440.5 585.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 585.35 m 499.5 585.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 585.35 m 558.5 585.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 585.35 m 381.5 585.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 585.35 m 440.5 585.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 585.35 m 499.5 585.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 585.35 m 558.5 585.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 501.35 m 381.5 501.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 501.35 m 440.5 501.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 501.35 m 499.5 501.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 501.35 m 558.5 501.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 501.35 m 440.5 501.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 501.35 m 558.5 501.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 473.35 m 381.5 473.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 473.35 m 440.5 473.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 473.35 m 499.5 473.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 473.35 m 558.5 473.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 445.35 m 381.5 445.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 445.35 m 440.5 445.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 445.35 m 499.5 445.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 445.35 m 558.5 445.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 445.35 m 381.5 445.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 432.35 m 381.5 432.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 430.35 m 381.5 430.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 432.35 m 440.5 432.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 430.35 m 440.5 430.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 445.35 m 499.5 445.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 432.35 m 499.5 432.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 430.35 m 499.5 430.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 432.35 m 558.5 432.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 430.35 m 558.5 430.35 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 188.00 622.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.35 622.30 Td (For) Tj ET Q q 0 0 0 rg BT 374.18 622.30 Td ( the thr) Tj ET Q q 0 0 0 rg BT 402.51 622.30 Td (ee months ended September) Tj ET Q q 0 0 0 rg BT 510.09 622.30 Td ( 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.50 589.80 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.30 607.80 Td (Percentage) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.60 598.80 Td (of net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.55 589.80 Td (revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.50 589.80 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 509.30 607.80 Td (Percentage) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.60 598.80 Td (of net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 513.55 589.80 Td (revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.45 576.45 Td (\( million, except percentages\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 561.92 Td (Net revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 562.21 Td (723) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.75 562.21 Td (100.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 562.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.50 562.21 Td (662) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.25 562.21 Td (100.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 562.21 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 547.92 Td (Cost of sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 548.21 Td (372) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.25 548.21 Td (51.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 548.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.50 548.21 Td (384) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.75 548.21 Td (58.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 548.21 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 533.92 Td (Selling, general and administrative costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 534.21 Td (80) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.25 534.21 Td (11.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 534.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 534.21 Td (82) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.75 534.21 Td (12.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 534.21 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 519.92 Td (Research and development costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 520.21 Td (130) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.25 520.21 Td (18.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 520.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.50 520.21 Td (116) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.75 520.21 Td (17.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 520.21 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 505.92 Td (Other expenses/\(income\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 506.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 506.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 506.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 506.21 Td (\(9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 506.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 506.21 Td (\(1.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.50 506.21 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 492.08 Td (EBIT) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.50 492.30 Td (141) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.25 492.30 Td (19.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.00 492.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.00 492.30 Td (89) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.75 492.30 Td (13.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 492.30 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 477.92 Td (Net financial income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.50 478.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.75 478.21 Td (0.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 478.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.50 478.21 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 478.21 Td (0.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 478.21 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 464.08 Td (Profit before taxes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.50 464.30 Td (142) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.25 464.30 Td (19.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.00 464.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.00 464.30 Td (94) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.75 464.30 Td (14.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 464.30 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 449.92 Td (Income tax expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 450.21 Td (48) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.75 450.21 Td (6.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 450.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 450.21 Td (36) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 450.21 Td (5.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 450.21 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 436.08 Td (Net profit) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.00 436.30 Td (94) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.25 436.30 Td (13.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.00 436.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.00 436.30 Td (58) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.25 436.30 Td (8.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 436.30 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 407.85 Td (Net ) Tj ET Q q 0 0 0 rg BT 71.49 407.85 Td (r) Tj ET Q q 0 0 0 rg BT 75.75 407.85 Td (evenues) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 326.35 150.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 326.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 326.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 326.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 326.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 326.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 326.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 326.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 326.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 326.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 326.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 326.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 326.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 298.35 150.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 298.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 298.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 298.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 298.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 298.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 298.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 298.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 298.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 298.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 298.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 298.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 298.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 270.35 150.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 270.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 270.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 270.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 270.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 270.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 270.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 270.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 270.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 270.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 270.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 270.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 270.35 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 371.35 m 263.5 371.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 371.35 m 267.5 371.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 371.35 m 322.5 371.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 371.35 m 326.5 371.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 371.35 m 381.5 371.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 371.35 m 385.5 371.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 371.35 m 440.5 371.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 371.35 m 499.5 371.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 371.35 m 503.5 371.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 371.35 m 558.5 371.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 339.35 m 263.5 339.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 339.35 m 322.5 339.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 339.35 m 381.5 339.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 339.35 m 440.5 339.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 339.35 m 499.5 339.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 339.35 m 503.5 339.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 339.35 m 558.5 339.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 339.35 m 263.5 339.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 339.35 m 322.5 339.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 339.35 m 381.5 339.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 339.35 m 440.5 339.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 339.35 m 499.5 339.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 339.35 m 503.5 339.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 339.35 m 558.5 339.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 270.35 m 263.5 270.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 257.35 m 263.5 257.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 255.35000000000002 m 263.5 255.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 270.35 m 322.5 270.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 257.35 m 322.5 257.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 255.35000000000002 m 322.5 255.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 270.35 m 381.5 270.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 257.35 m 381.5 257.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 255.35000000000002 m 381.5 255.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 270.35 m 440.5 270.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 257.35 m 440.5 257.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 255.35000000000002 m 440.5 255.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 270.35 m 499.5 270.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 257.35 m 499.5 257.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 255.35000000000002 m 499.5 255.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 270.35 m 558.5 270.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 257.35 m 558.5 257.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 255.35000000000002 m 558.5 255.35000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 375.80 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 242.35 375.80 Td (For) Tj ET Q q 0 0 0 rg BT 256.18 375.80 Td ( the thr) Tj ET Q q 0 0 0 rg BT 284.51 375.80 Td (ee months ended September) Tj ET Q q 0 0 0 rg BT 392.09 375.80 Td ( 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.00 375.81 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.15 375.80 Td (Increase/\(decrease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.50 343.80 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.30 361.80 Td (Percentage) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.60 352.80 Td (of net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 277.55 343.80 Td (revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.50 343.80 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.30 361.80 Td (Percentage) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.60 352.80 Td (of net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.55 343.80 Td (revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.00 343.81 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.60 343.80 Td (2015 vs. 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.45 330.60 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 316.81 Td (Cars and spare parts) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 129.73 320.89 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 246.50 316.81 Td (537) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.25 316.81 Td (74.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 316.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 316.81 Td (462) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.25 316.81 Td (69.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 316.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.00 316.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 316.81 Td (75) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.75 316.81 Td (16.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 316.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 302.81 Td (Engines) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 86.00 306.89 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 302.81 Td (51) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.75 302.81 Td (7.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 302.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 302.81 Td (76) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.25 302.81 Td (11.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 302.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.00 302.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 302.81 Td (\(25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 302.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 302.81 Td (\(32.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.50 302.81 Td (\)%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 288.81 Td (Sponsorship, commercial and brand ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 188.72 292.89 Td (\(3\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 246.50 288.81 Td (110) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.25 288.81 Td (15.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 288.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 288.81 Td (103) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.25 288.81 Td (15.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 288.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.00 288.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.50 288.81 Td (7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 288.81 Td (6.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 288.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 274.81 Td (Other) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 77.49 278.89 Td (\(4\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 274.81 Td (25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.75 274.81 Td (3.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 274.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 274.81 Td (21) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.75 274.81 Td (3.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 274.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.00 274.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.50 274.81 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.75 274.81 Td (19.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 274.81 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 260.80 Td (T) Tj ET Q q 0 0 0 rg BT 62.18 260.80 Td (otal net r) Tj ET Q q 0 0 0 rg BT 97.00 260.80 Td (evenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 246.50 260.80 Td (723) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 292.75 260.80 Td (100.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 313.00 260.80 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.50 260.80 Td (662) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.75 260.80 Td (100.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.00 260.80 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.00 260.80 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.00 260.80 Td (61) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.25 260.80 Td (9.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 260.80 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 247.25 Td (______________________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 237.65 Td (\(1\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 76.50 237.65 Td (Includes ) Tj ET Q q 0 0 0 rg BT 105.32 237.65 Td (the ) Tj ET Q q 0 0 0 rg BT 116.82 237.65 Td (net ) Tj ET Q q 0 0 0 rg BT 128.31 237.65 Td (r) Tj ET Q q 0 0 0 rg BT 131.13 237.65 Td (evenues ) Tj ET Q q 0 0 0 rg BT 158.17 237.65 Td (generated ) Tj ET Q q 0 0 0 rg BT 191.88 237.65 Td (fr) Tj ET Q q 0 0 0 rg BT 196.92 237.65 Td (om ) Tj ET Q q 0 0 0 rg BT 208.42 237.65 Td (shipments ) Tj ET Q q 0 0 0 rg BT 242.14 237.65 Td (of ) Tj ET Q q 0 0 0 rg BT 250.08 237.65 Td (our ) Tj ET Q q 0 0 0 rg BT 262.92 237.65 Td (cars, ) Tj ET Q q 0 0 0 rg BT 280.42 237.65 Td (including ) Tj ET Q q 0 0 0 rg BT 312.36 237.65 Td (any ) Tj ET Q q 0 0 0 rg BT 325.63 237.65 Td (personalization ) Tj ET Q q 0 0 0 rg BT 377.13 237.65 Td (r) Tj ET Q q 0 0 0 rg BT 379.95 237.65 Td (evenue ) Tj ET Q q 0 0 0 rg BT 403.87 237.65 Td (generated ) Tj ET Q q 0 0 0 rg BT 437.58 237.65 Td (on ) Tj ET Q q 0 0 0 rg BT 447.30 237.65 Td (these ) Tj ET Q q 0 0 0 rg BT 465.46 237.65 Td (cars ) Tj ET Q q 0 0 0 rg BT 480.96 237.65 Td (and ) Tj ET Q q 0 0 0 rg BT 494.68 237.65 Td (sales ) Tj ET Q q 0 0 0 rg BT 512.41 237.65 Td (of ) Tj ET Q q 0 0 0 rg BT 520.35 237.65 Td (spar) Tj ET Q q 0 0 0 rg BT 534.28 237.65 Td (e ) Tj ET Q q 0 0 0 rg BT 539.55 237.65 Td (parts. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 228.05 Td (\(2\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 76.50 228.05 Td (Includes ) Tj ET Q q 0 0 0 rg BT 105.10 228.05 Td (the ) Tj ET Q q 0 0 0 rg BT 116.37 228.05 Td (net ) Tj ET Q q 0 0 0 rg BT 127.64 228.05 Td (r) Tj ET Q q 0 0 0 rg BT 130.46 228.05 Td (evenues ) Tj ET Q q 0 0 0 rg BT 157.27 228.05 Td (generated ) Tj ET Q q 0 0 0 rg BT 190.75 228.05 Td (fr) Tj ET Q q 0 0 0 rg BT 195.79 228.05 Td (om ) Tj ET Q q 0 0 0 rg BT 207.07 228.05 Td (the ) Tj ET Q q 0 0 0 rg BT 218.34 228.05 Td (sale ) Tj ET Q q 0 0 0 rg BT 232.72 228.05 Td (of ) Tj ET Q q 0 0 0 rg BT 240.44 228.05 Td (engines ) Tj ET Q q 0 0 0 rg BT 266.38 228.05 Td (to ) Tj ET Q q 0 0 0 rg BT 274.10 228.05 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 304.48 228.05 Td (for ) Tj ET Q q 0 0 0 rg BT 315.31 228.05 Td (use ) Tj ET Q q 0 0 0 rg BT 327.47 228.05 Td (in ) Tj ET Q q 0 0 0 rg BT 335.19 228.05 Td (their ) Tj ET Q q 0 0 0 rg BT 351.80 228.05 Td (cars, ) Tj ET Q q 0 0 0 rg BT 369.08 228.05 Td (and ) Tj ET Q q 0 0 0 rg BT 382.57 228.05 Td (the ) Tj ET Q q 0 0 0 rg BT 393.84 228.05 Td (r) Tj ET Q q 0 0 0 rg BT 396.66 228.05 Td (evenues ) Tj ET Q q 0 0 0 rg BT 423.47 228.05 Td (generated ) Tj ET Q q 0 0 0 rg BT 456.96 228.05 Td (fr) Tj ET Q q 0 0 0 rg BT 462.00 228.05 Td (om ) Tj ET Q q 0 0 0 rg BT 473.27 228.05 Td (the ) Tj ET Q q 0 0 0 rg BT 484.54 228.05 Td (r) Tj ET Q q 0 0 0 rg BT 487.36 228.05 Td (ental ) Tj ET Q q 0 0 0 rg BT 504.85 228.05 Td (of ) Tj ET Q q 0 0 0 rg BT 512.57 228.05 Td (engines ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 76.50 218.45 Td (to ) Tj ET Q q 0 0 0 rg BT 84.72 218.45 Td (other ) Tj ET Q q 0 0 0 rg BT 103.61 218.45 Td (Formula ) Tj ET Q q 0 0 0 rg BT 133.61 218.45 Td (1 ) Tj ET Q q 0 0 0 rg BT 139.61 218.45 Td (racing ) Tj ET Q q 0 0 0 rg BT 162.50 218.45 Td (teams.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 208.85 Td (\(3\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 76.50 208.85 Td (Includes ) Tj ET Q q 0 0 0 rg BT 106.85 208.85 Td (the ) Tj ET Q q 0 0 0 rg BT 119.88 208.85 Td (net ) Tj ET Q q 0 0 0 rg BT 132.90 208.85 Td (r) Tj ET Q q 0 0 0 rg BT 135.71 208.85 Td (evenues ) Tj ET Q q 0 0 0 rg BT 164.28 208.85 Td (earned ) Tj ET Q q 0 0 0 rg BT 189.75 208.85 Td (by ) Tj ET Q q 0 0 0 rg BT 200.55 208.85 Td (our ) Tj ET Q q 0 0 0 rg BT 214.91 208.85 Td (Formula ) Tj ET Q q 0 0 0 rg BT 246.16 208.85 Td (1 ) Tj ET Q q 0 0 0 rg BT 253.41 208.85 Td (racing ) Tj ET Q q 0 0 0 rg BT 277.55 208.85 Td (team ) Tj ET Q q 0 0 0 rg BT 296.35 208.85 Td (thr) Tj ET Q q 0 0 0 rg BT 305.39 208.85 Td (ough ) Tj ET Q q 0 0 0 rg BT 324.64 208.85 Td (sponsorship ) Tj ET Q q 0 0 0 rg BT 366.56 208.85 Td (agr) Tj ET Q q 0 0 0 rg BT 377.38 208.85 Td (eements ) Tj ET Q q 0 0 0 rg BT 406.39 208.85 Td (and ) Tj ET Q q 0 0 0 rg BT 421.64 208.85 Td (our ) Tj ET Q q 0 0 0 rg BT 436.01 208.85 Td (shar) Tj ET Q q 0 0 0 rg BT 449.94 208.85 Td (e ) Tj ET Q q 0 0 0 rg BT 456.74 208.85 Td (of ) Tj ET Q q 0 0 0 rg BT 466.21 208.85 Td (the ) Tj ET Q q 0 0 0 rg BT 479.23 208.85 Td (Formula ) Tj ET Q q 0 0 0 rg BT 510.48 208.85 Td (1 ) Tj ET Q q 0 0 0 rg BT 517.73 208.85 Td (W) Tj ET Q q 0 0 0 rg BT 523.66 208.85 Td (orld ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 76.50 199.25 Td (Championship ) Tj ET Q q 0 0 0 rg BT 124.33 199.25 Td (commer) Tj ET Q q 0 0 0 rg BT 149.81 199.25 Td (cial ) Tj ET Q q 0 0 0 rg BT 162.96 199.25 Td (r) Tj ET Q q 0 0 0 rg BT 165.78 199.25 Td (evenues ) Tj ET Q q 0 0 0 rg BT 192.26 199.25 Td (and ) Tj ET Q q 0 0 0 rg BT 205.42 199.25 Td (net ) Tj ET Q q 0 0 0 rg BT 216.36 199.25 Td (r) Tj ET Q q 0 0 0 rg BT 219.17 199.25 Td (evenues ) Tj ET Q q 0 0 0 rg BT 245.65 199.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 278.80 199.25 Td (thr) Tj ET Q q 0 0 0 rg BT 287.84 199.25 Td (ough ) Tj ET Q q 0 0 0 rg BT 305.00 199.25 Td (the ) Tj ET Q q 0 0 0 rg BT 315.94 199.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 341.10 199.25 Td (brand, ) Tj ET Q q 0 0 0 rg BT 363.38 199.25 Td (including ) Tj ET Q q 0 0 0 rg BT 394.76 199.25 Td (mer) Tj ET Q q 0 0 0 rg BT 406.90 199.25 Td (chandising, ) Tj ET Q q 0 0 0 rg BT 445.17 199.25 Td (licensing ) Tj ET Q q 0 0 0 rg BT 475.22 199.25 Td (and ) Tj ET Q q 0 0 0 rg BT 488.38 199.25 Td (r) Tj ET Q q 0 0 0 rg BT 491.20 199.25 Td (oyalty ) Tj ET Q q 0 0 0 rg BT 511.91 199.25 Td (income.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 189.65 Td (\(4\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 76.50 189.65 Td (Primarily ) Tj ET Q q 0 0 0 rg BT 110.14 189.65 Td (includes ) Tj ET Q q 0 0 0 rg BT 139.32 189.65 Td (inter) Tj ET Q q 0 0 0 rg BT 154.14 189.65 Td (est ) Tj ET Q q 0 0 0 rg BT 165.55 189.65 Td (income ) Tj ET Q q 0 0 0 rg BT 191.18 189.65 Td (generated ) Tj ET Q q 0 0 0 rg BT 225.70 189.65 Td (by ) Tj ET Q q 0 0 0 rg BT 235.77 189.65 Td (the ) Tj ET Q q 0 0 0 rg BT 248.07 189.65 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 274.60 189.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 308.23 189.65 Td (Services ) Tj ET Q q 0 0 0 rg BT 337.41 189.65 Td (gr) Tj ET Q q 0 0 0 rg BT 344.23 189.65 Td (oup ) Tj ET Q q 0 0 0 rg BT 358.76 189.65 Td (and ) Tj ET Q q 0 0 0 rg BT 373.29 189.65 Td (net ) Tj ET Q q 0 0 0 rg BT 385.59 189.65 Td (r) Tj ET Q q 0 0 0 rg BT 388.40 189.65 Td (evenues ) Tj ET Q q 0 0 0 rg BT 416.25 189.65 Td (fr) Tj ET Q q 0 0 0 rg BT 421.29 189.65 Td (om ) Tj ET Q q 0 0 0 rg BT 433.59 189.65 Td (the ) Tj ET Q q 0 0 0 rg BT 445.89 189.65 Td (management ) Tj ET Q q 0 0 0 rg BT 489.30 189.65 Td (of ) Tj ET Q q 0 0 0 rg BT 498.05 189.65 Td (the ) Tj ET Q q 0 0 0 rg BT 510.35 189.65 Td (Mugello ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 76.50 180.05 Td (racetrack. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 148.85 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 148.85 Td (Net ) Tj ET Q q 0 0 0 rg BT 107.13 148.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 145.37 148.85 Td (for ) Tj ET Q q 0 0 0 rg BT 159.72 148.85 Td (the ) Tj ET Q q 0 0 0 rg BT 174.63 148.85 Td (three ) Tj ET Q q 0 0 0 rg BT 197.31 148.85 Td (months ) Tj ET Q q 0 0 0 rg BT 229.46 148.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 256.03 148.85 Td (September ) Tj ET Q q 0 0 0 rg BT 301.49 148.85 Td (30, ) Tj ET Q q 0 0 0 rg BT 316.68 148.85 Td (2015 ) Tj ET Q q 0 0 0 rg BT 339.38 148.85 Td (were ) Tj ET Q q 0 0 0 rg BT 361.50 148.85 Td (723 ) Tj ET Q q 0 0 0 rg BT 384.20 148.85 Td (million, ) Tj ET Q q 0 0 0 rg BT 418.29 148.85 Td (an ) Tj ET Q q 0 0 0 rg BT 430.42 148.85 Td (increase ) Tj ET Q q 0 0 0 rg BT 465.87 148.85 Td (of ) Tj ET Q q 0 0 0 rg BT 476.89 148.85 Td (61 ) Tj ET Q q 0 0 0 rg BT 494.59 148.85 Td (million, ) Tj ET Q q 0 0 0 rg BT 528.68 148.85 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 136.85 Td (9.2 ) Tj ET Q q 0 0 0 rg BT 67.92 136.85 Td (percent ) Tj ET Q q 0 0 0 rg BT 98.77 136.85 Td (\(an ) Tj ET Q q 0 0 0 rg BT 112.96 136.85 Td (increase ) Tj ET Q q 0 0 0 rg BT 147.14 136.85 Td (of ) Tj ET Q q 0 0 0 rg BT 156.89 136.85 Td (2.6 ) Tj ET Q q 0 0 0 rg BT 170.82 136.85 Td (percent ) Tj ET Q q 0 0 0 rg BT 201.66 136.85 Td (on ) Tj ET Q q 0 0 0 rg BT 213.09 136.85 Td (a ) Tj ET Q q 0 0 0 rg BT 218.95 136.85 Td (constant ) Tj ET Q q 0 0 0 rg BT 253.70 136.85 Td (currency ) Tj ET Q q 0 0 0 rg BT 290.10 136.85 Td (basis\), ) Tj ET Q q 0 0 0 rg BT 317.35 136.85 Td (from ) Tj ET Q q 0 0 0 rg BT 338.21 136.85 Td (662 ) Tj ET Q q 0 0 0 rg BT 359.63 136.85 Td (million ) Tj ET Q q 0 0 0 rg BT 389.95 136.85 Td (for ) Tj ET Q q 0 0 0 rg BT 403.03 136.85 Td (the ) Tj ET Q q 0 0 0 rg BT 416.67 136.85 Td (three ) Tj ET Q q 0 0 0 rg BT 438.08 136.85 Td (months ) Tj ET Q q 0 0 0 rg BT 468.95 136.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 494.25 136.85 Td (September ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 124.85 Td (30, ) Tj ET Q q 0 0 0 rg BT 69.00 124.85 Td (2014.) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 41.20 Td (10) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 731.25 Td (Cars ) Tj ET Q q 0 0 0 rg BT 75.95 731.25 Td (and ) Tj ET Q q 0 0 0 rg BT 94.01 731.25 Td (spare ) Tj ET Q q 0 0 0 rg BT 118.74 731.25 Td (parts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 719.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 707.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 707.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 106.96 707.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 145.02 707.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 186.40 707.25 Td (from ) Tj ET Q q 0 0 0 rg BT 208.36 707.25 Td (cars ) Tj ET Q q 0 0 0 rg BT 226.98 707.25 Td (and ) Tj ET Q q 0 0 0 rg BT 243.94 707.25 Td (spare ) Tj ET Q q 0 0 0 rg BT 267.56 707.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 289.52 707.25 Td (were ) Tj ET Q q 0 0 0 rg BT 311.47 707.25 Td (537 ) Tj ET Q q 0 0 0 rg BT 333.99 707.25 Td (million ) Tj ET Q q 0 0 0 rg BT 365.40 707.25 Td (for ) Tj ET Q q 0 0 0 rg BT 379.58 707.25 Td (the ) Tj ET Q q 0 0 0 rg BT 394.32 707.25 Td (three ) Tj ET Q q 0 0 0 rg BT 416.83 707.25 Td (months ) Tj ET Q q 0 0 0 rg BT 448.80 707.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 475.19 707.25 Td (September ) Tj ET Q q 0 0 0 rg BT 520.48 707.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 535.50 707.25 Td (2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 695.25 Td (an ) Tj ET Q q 0 0 0 rg BT 66.34 695.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 101.99 695.25 Td (of ) Tj ET Q q 0 0 0 rg BT 113.22 695.25 Td (75 ) Tj ET Q q 0 0 0 rg BT 131.11 695.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 165.40 695.25 Td (or ) Tj ET Q q 0 0 0 rg BT 176.63 695.25 Td (16.2 ) Tj ET Q q 0 0 0 rg BT 197.03 695.25 Td (percent, ) Tj ET Q q 0 0 0 rg BT 231.85 695.25 Td (from ) Tj ET Q q 0 0 0 rg BT 254.19 695.25 Td (462 ) Tj ET Q q 0 0 0 rg BT 277.09 695.25 Td (million ) Tj ET Q q 0 0 0 rg BT 308.88 695.25 Td (for ) Tj ET Q q 0 0 0 rg BT 323.43 695.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.55 695.25 Td (three ) Tj ET Q q 0 0 0 rg BT 361.43 695.25 Td (months ) Tj ET Q q 0 0 0 rg BT 393.78 695.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 420.55 695.25 Td (September ) Tj ET Q q 0 0 0 rg BT 466.21 695.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 481.61 695.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 506.80 695.25 Td (The ) Tj ET Q q 0 0 0 rg BT 525.25 695.25 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 683.25 Td (was ) Tj ET Q q 0 0 0 rg BT 71.71 683.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 119.41 683.25 Td (to ) Tj ET Q q 0 0 0 rg BT 129.35 683.25 Td (a ) Tj ET Q q 0 0 0 rg BT 135.95 683.25 Td (57 ) Tj ET Q q 0 0 0 rg BT 153.11 683.25 Td (million ) Tj ET Q q 0 0 0 rg BT 184.16 683.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 219.08 683.25 Td (in ) Tj ET Q q 0 0 0 rg BT 229.01 683.25 Td (net ) Tj ET Q q 0 0 0 rg BT 243.39 683.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 281.09 683.25 Td (from ) Tj ET Q q 0 0 0 rg BT 302.69 683.25 Td (range ) Tj ET Q q 0 0 0 rg BT 327.06 683.25 Td (and ) Tj ET Q q 0 0 0 rg BT 343.66 683.25 Td (special ) Tj ET Q q 0 0 0 rg BT 373.58 683.25 Td (series ) Tj ET Q q 0 0 0 rg BT 398.51 683.25 Td (cars ) Tj ET Q q 0 0 0 rg BT 416.77 683.25 Td (and ) Tj ET Q q 0 0 0 rg BT 433.37 683.25 Td (spare ) Tj ET Q q 0 0 0 rg BT 456.63 683.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 478.23 683.25 Td (for ) Tj ET Q q 0 0 0 rg BT 492.05 683.25 Td (the ) Tj ET Q q 0 0 0 rg BT 506.42 683.25 Td (three ) Tj ET Q q 0 0 0 rg BT 528.57 683.25 Td (months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 671.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 80.55 671.25 Td (September ) Tj ET Q q 0 0 0 rg BT 125.99 671.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 141.17 671.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 163.84 671.25 Td (and ) Tj ET Q q 0 0 0 rg BT 180.95 671.25 Td (an ) Tj ET Q q 0 0 0 rg BT 193.07 671.25 Td (18 ) Tj ET Q q 0 0 0 rg BT 210.74 671.25 Td (million ) Tj ET Q q 0 0 0 rg BT 242.31 671.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 277.74 671.25 Td (in ) Tj ET Q q 0 0 0 rg BT 288.19 671.25 Td (net ) Tj ET Q q 0 0 0 rg BT 303.08 671.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 341.29 671.25 Td (from ) Tj ET Q q 0 0 0 rg BT 363.41 671.25 Td (supercars ) Tj ET Q q 0 0 0 rg BT 403.84 671.25 Td (and ) Tj ET Q q 0 0 0 rg BT 420.95 671.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 451.96 671.25 Td (edition ) Tj ET Q q 0 0 0 rg BT 482.41 671.25 Td (cars, ) Tj ET Q q 0 0 0 rg BT 503.68 671.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 543.57 671.25 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 659.25 Td (to ) Tj ET Q q 0 0 0 rg BT 64.13 659.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 107.04 659.25 Td (of ) Tj ET Q q 0 0 0 rg BT 117.73 659.25 Td (the ) Tj ET Q q 0 0 0 rg BT 132.30 659.25 Td (supercar ) Tj ET Q q 0 0 0 rg BT 168.52 659.25 Td (LaFerrari ) Tj ET Q q 0 0 0 rg BT 208.63 659.25 Td (and ) Tj ET Q q 0 0 0 rg BT 225.43 659.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.00 659.25 Td (FXX ) Tj ET Q q 0 0 0 rg BT 262.36 659.25 Td (K, ) Tj ET Q q 0 0 0 rg BT 274.43 659.25 Td (a ) Tj ET Q q 0 0 0 rg BT 281.23 659.25 Td (special ) Tj ET Q q 0 0 0 rg BT 311.35 659.25 Td (racing ) Tj ET Q q 0 0 0 rg BT 338.69 659.25 Td (car ) Tj ET Q q 0 0 0 rg BT 353.25 659.25 Td (that ) Tj ET Q q 0 0 0 rg BT 370.60 659.25 Td (may ) Tj ET Q q 0 0 0 rg BT 390.17 659.25 Td (only ) Tj ET Q q 0 0 0 rg BT 410.30 659.25 Td (be ) Tj ET Q q 0 0 0 rg BT 422.10 659.25 Td (used ) Tj ET Q q 0 0 0 rg BT 442.78 659.25 Td (on ) Tj ET Q q 0 0 0 rg BT 455.14 659.25 Td (track, ) Tj ET Q q 0 0 0 rg BT 479.98 659.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 522.89 659.25 Td (of ) Tj ET Q q 0 0 0 rg BT 533.57 659.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 647.25 Td (commenced ) Tj ET Q q 0 0 0 rg BT 104.81 647.25 Td (in ) Tj ET Q q 0 0 0 rg BT 115.09 647.25 Td (the ) Tj ET Q q 0 0 0 rg BT 129.81 647.25 Td (second ) Tj ET Q q 0 0 0 rg BT 160.07 647.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 190.89 647.25 Td (of ) Tj ET Q q 0 0 0 rg BT 201.72 647.25 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 635.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 623.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 623.25 Td (The ) Tj ET Q q 0 0 0 rg BT 107.46 623.25 Td (57 ) Tj ET Q q 0 0 0 rg BT 124.37 623.25 Td (million ) Tj ET Q q 0 0 0 rg BT 155.17 623.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 189.83 623.25 Td (in ) Tj ET Q q 0 0 0 rg BT 199.52 623.25 Td (net ) Tj ET Q q 0 0 0 rg BT 213.65 623.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 251.10 623.25 Td (from ) Tj ET Q q 0 0 0 rg BT 272.45 623.25 Td (range ) Tj ET Q q 0 0 0 rg BT 296.57 623.25 Td (and ) Tj ET Q q 0 0 0 rg BT 312.92 623.25 Td (special ) Tj ET Q q 0 0 0 rg BT 342.59 623.25 Td (series ) Tj ET Q q 0 0 0 rg BT 367.27 623.25 Td (cars ) Tj ET Q q 0 0 0 rg BT 385.28 623.25 Td (and ) Tj ET Q q 0 0 0 rg BT 401.63 623.25 Td (spare ) Tj ET Q q 0 0 0 rg BT 424.64 623.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 445.99 623.25 Td (was ) Tj ET Q q 0 0 0 rg BT 463.45 623.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 490.91 623.25 Td (by ) Tj ET Q q 0 0 0 rg BT 502.82 623.25 Td (a ) Tj ET Q q 0 0 0 rg BT 509.17 623.25 Td (21.6 ) Tj ET Q q 0 0 0 rg BT 528.58 623.25 Td (percent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 611.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 89.63 611.25 Td (in ) Tj ET Q q 0 0 0 rg BT 100.28 611.25 Td (shipments, ) Tj ET Q q 0 0 0 rg BT 146.22 611.25 Td (which ) Tj ET Q q 0 0 0 rg BT 173.53 611.25 Td (was ) Tj ET Q q 0 0 0 rg BT 191.96 611.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 228.16 611.25 Td (of) Tj ET Q q 0 0 0 rg BT 236.30 611.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 253.62 611.25 Td (by ) Tj ET Q q 0 0 0 rg BT 266.50 611.25 Td (an ) Tj ET Q q 0 0 0 rg BT 278.81 611.25 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 329.44 611.25 Td (shift ) Tj ET Q q 0 0 0 rg BT 350.09 611.25 Td (in ) Tj ET Q q 0 0 0 rg BT 360.75 611.25 Td (product ) Tj ET Q q 0 0 0 rg BT 394.17 611.25 Td (mix. ) Tj ET Q q 0 0 0 rg BT 415.10 611.25 Td (In ) Tj ET Q q 0 0 0 rg BT 426.31 611.25 Td (particular) Tj ET Q q 0 0 0 rg BT 464.22 611.25 Td (, ) Tj ET Q q 0 0 0 rg BT 469.60 611.25 Td (the ) Tj ET Q q 0 0 0 rg BT 484.69 611.25 Td (proportion ) Tj ET Q q 0 0 0 rg BT 529.78 611.25 Td (of ) Tj ET Q q 0 0 0 rg BT 540.78 611.25 Td (V12 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 599.25 Td (models ) Tj ET Q q 0 0 0 rg BT 84.65 599.25 Td (shipped ) Tj ET Q q 0 0 0 rg BT 117.52 599.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 158.70 599.25 Td (from ) Tj ET Q q 0 0 0 rg BT 179.90 599.25 Td (20.6 ) Tj ET Q q 0 0 0 rg BT 199.17 599.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 230.36 599.25 Td (for ) Tj ET Q q 0 0 0 rg BT 243.78 599.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.76 599.25 Td (three ) Tj ET Q q 0 0 0 rg BT 279.51 599.25 Td (months ) Tj ET Q q 0 0 0 rg BT 310.72 599.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 336.36 599.25 Td (September ) Tj ET Q q 0 0 0 rg BT 380.89 599.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 395.16 599.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 419.42 599.25 Td (to ) Tj ET Q q 0 0 0 rg BT 428.96 599.25 Td (13.2 ) Tj ET Q q 0 0 0 rg BT 448.23 599.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 479.42 599.25 Td (for ) Tj ET Q q 0 0 0 rg BT 492.84 599.25 Td (the ) Tj ET Q q 0 0 0 rg BT 506.82 599.25 Td (three ) Tj ET Q q 0 0 0 rg BT 528.57 599.25 Td (months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 587.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 80.31 587.25 Td (September ) Tj ET Q q 0 0 0 rg BT 125.50 587.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 140.43 587.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 165.36 587.25 Td (and ) Tj ET Q q 0 0 0 rg BT 182.23 587.25 Td (was ) Tj ET Q q 0 0 0 rg BT 200.21 587.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 239.85 587.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 267.82 587.25 Td (by ) Tj ET Q q 0 0 0 rg BT 280.25 587.25 Td (a ) Tj ET Q q 0 0 0 rg BT 287.12 587.25 Td (27.5 ) Tj ET Q q 0 0 0 rg BT 307.05 587.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 338.90 587.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 375.75 587.25 Td (in ) Tj ET Q q 0 0 0 rg BT 385.95 587.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 428.94 587.25 Td (of ) Tj ET Q q 0 0 0 rg BT 439.70 587.25 Td (the ) Tj ET Q q 0 0 0 rg BT 454.34 587.25 Td (F12berlinetta, ) Tj ET Q q 0 0 0 rg BT 512.59 587.25 Td (in ) Tj ET Q q 0 0 0 rg BT 522.80 587.25 Td (line ) Tj ET Q q 0 0 0 rg BT 540.23 587.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 575.25 Td (model ) Tj ET Q q 0 0 0 rg BT 82.09 575.25 Td (lifecycle ) Tj ET Q q 0 0 0 rg BT 119.61 575.25 Td (as ) Tj ET Q q 0 0 0 rg BT 131.03 575.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.34 575.25 Td (model ) Tj ET Q q 0 0 0 rg BT 174.43 575.25 Td (has ) Tj ET Q q 0 0 0 rg BT 190.86 575.25 Td (been ) Tj ET Q q 0 0 0 rg BT 212.83 575.25 Td (on ) Tj ET Q q 0 0 0 rg BT 225.93 575.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.24 575.25 Td (market ) Tj ET Q q 0 0 0 rg BT 272.10 575.25 Td (since ) Tj ET Q q 0 0 0 rg BT 295.74 575.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 318.84 575.25 Td (and ) Tj ET Q q 0 0 0 rg BT 336.37 575.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 365.57 575.25 Td (tend ) Tj ET Q q 0 0 0 rg BT 385.88 575.25 Td (to ) Tj ET Q q 0 0 0 rg BT 396.76 575.25 Td (focus ) Tj ET Q q 0 0 0 rg BT 421.51 575.25 Td (on ) Tj ET Q q 0 0 0 rg BT 434.61 575.25 Td (more ) Tj ET Q q 0 0 0 rg BT 458.25 575.25 Td (recently ) Tj ET Q q 0 0 0 rg BT 493.55 575.25 Td (introduced ) Tj ET Q q 0 0 0 rg BT 539.41 575.25 Td (cars. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 563.25 Td (Shipments ) Tj ET Q q 0 0 0 rg BT 98.34 563.25 Td (of ) Tj ET Q q 0 0 0 rg BT 108.63 563.25 Td (V8 ) Tj ET Q q 0 0 0 rg BT 122.96 563.25 Td (models ) Tj ET Q q 0 0 0 rg BT 153.96 563.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 193.83 563.25 Td (by ) Tj ET Q q 0 0 0 rg BT 205.94 563.25 Td (32.9 ) Tj ET Q q 0 0 0 rg BT 225.55 563.25 Td (percent, ) Tj ET Q q 0 0 0 rg BT 259.58 563.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 298.91 563.25 Td (as ) Tj ET Q q 0 0 0 rg BT 309.35 563.25 Td (a ) Tj ET Q q 0 0 0 rg BT 315.90 563.25 Td (result ) Tj ET Q q 0 0 0 rg BT 340.23 563.25 Td (of ) Tj ET Q q 0 0 0 rg BT 350.67 563.25 Td (achieving ) Tj ET Q q 0 0 0 rg BT 391.65 563.25 Td (full ) Tj ET Q q 0 0 0 rg BT 407.65 563.25 Td (production ) Tj ET Q q 0 0 0 rg BT 453.09 563.25 Td (of ) Tj ET Q q 0 0 0 rg BT 463.53 563.25 Td (the ) Tj ET Q q 0 0 0 rg BT 477.86 563.25 Td (California ) Tj ET Q q 0 0 0 rg BT 520.36 563.25 Td (T) Tj ET Q q 0 0 0 rg BT 525.73 563.25 Td (, ) Tj ET Q q 0 0 0 rg BT 530.34 563.25 Td (as ) Tj ET Q q 0 0 0 rg BT 540.78 563.25 Td (well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 551.25 Td (as ) Tj ET Q q 0 0 0 rg BT 65.52 551.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 109.27 551.25 Td (of ) Tj ET Q q 0 0 0 rg BT 120.80 551.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.21 551.25 Td (488 ) Tj ET Q q 0 0 0 rg BT 154.40 551.25 Td (GTB, ) Tj ET Q q 0 0 0 rg BT 180.09 551.25 Td (launched ) Tj ET Q q 0 0 0 rg BT 219.38 551.25 Td (in ) Tj ET Q q 0 0 0 rg BT 230.35 551.25 Td (Q1 ) Tj ET Q q 0 0 0 rg BT 245.77 551.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 271.46 551.25 Td (and ) Tj ET Q q 0 0 0 rg BT 289.09 551.25 Td (the ) Tj ET Q q 0 0 0 rg BT 304.50 551.25 Td (458 ) Tj ET Q q 0 0 0 rg BT 322.70 551.25 Td (Speciale ) Tj ET Q q 0 0 0 rg BT 359.06 551.25 Td (Aperta, ) Tj ET Q q 0 0 0 rg BT 391.96 551.25 Td (launched ) Tj ET Q q 0 0 0 rg BT 431.24 551.25 Td (in ) Tj ET Q q 0 0 0 rg BT 442.22 551.25 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 457.63 551.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 483.32 551.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 506.52 551.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 542.47 551.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 539.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 89.82 539.25 Td (of) Tj ET Q q 0 0 0 rg BT 97.97 539.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 114.91 539.25 Td (by ) Tj ET Q q 0 0 0 rg BT 127.41 539.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 169.32 539.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 212.38 539.25 Td (of ) Tj ET Q q 0 0 0 rg BT 223.21 539.25 Td (the ) Tj ET Q q 0 0 0 rg BT 237.93 539.25 Td (458 ) Tj ET Q q 0 0 0 rg BT 255.43 539.25 Td (Spider ) Tj ET Q q 0 0 0 rg BT 284.03 539.25 Td (and ) Tj ET Q q 0 0 0 rg BT 300.97 539.25 Td (458 ) Tj ET Q q 0 0 0 rg BT 318.47 539.25 Td (Italia, ) Tj ET Q q 0 0 0 rg BT 344.01 539.25 Td (which ) Tj ET Q q 0 0 0 rg BT 370.95 539.25 Td (are ) Tj ET Q q 0 0 0 rg BT 385.66 539.25 Td (being ) Tj ET Q q 0 0 0 rg BT 410.38 539.25 Td (phased ) Tj ET Q q 0 0 0 rg BT 440.65 539.25 Td (out ) Tj ET Q q 0 0 0 rg BT 455.92 539.25 Td (during ) Tj ET Q q 0 0 0 rg BT 484.53 539.25 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 527.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 515.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 515.25 Td (The ) Tj ET Q q 0 0 0 rg BT 107.89 515.25 Td (57 ) Tj ET Q q 0 0 0 rg BT 125.24 515.25 Td (million ) Tj ET Q q 0 0 0 rg BT 156.48 515.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 191.58 515.25 Td (in ) Tj ET Q q 0 0 0 rg BT 201.71 515.25 Td (net ) Tj ET Q q 0 0 0 rg BT 216.27 515.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 254.16 515.25 Td (from ) Tj ET Q q 0 0 0 rg BT 275.94 515.25 Td (range ) Tj ET Q q 0 0 0 rg BT 300.50 515.25 Td (and ) Tj ET Q q 0 0 0 rg BT 317.29 515.25 Td (special ) Tj ET Q q 0 0 0 rg BT 347.40 515.25 Td (series ) Tj ET Q q 0 0 0 rg BT 372.51 515.25 Td (cars ) Tj ET Q q 0 0 0 rg BT 390.96 515.25 Td (and ) Tj ET Q q 0 0 0 rg BT 407.75 515.25 Td (spare ) Tj ET Q q 0 0 0 rg BT 431.19 515.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 452.98 515.25 Td (was ) Tj ET Q q 0 0 0 rg BT 470.88 515.25 Td (composed ) Tj ET Q q 0 0 0 rg BT 513.77 515.25 Td (of ) Tj ET Q q 0 0 0 rg BT 524.45 515.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 536.24 515.25 Td (a ) Tj ET Q q 0 0 0 rg BT 543.02 515.25 Td (46 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 503.25 Td (million ) Tj ET Q q 0 0 0 rg BT 84.62 503.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 119.11 503.25 Td (in ) Tj ET Q q 0 0 0 rg BT 128.23 503.25 Td (Americas ) Tj ET Q q 0 0 0 rg BT 168.28 503.25 Td (net ) Tj ET Q q 0 0 0 rg BT 182.22 503.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 221.99 503.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 235.94 503.25 Td (a ) Tj ET Q q 0 0 0 rg BT 242.11 503.25 Td (20 ) Tj ET Q q 0 0 0 rg BT 258.84 503.25 Td (million ) Tj ET Q q 0 0 0 rg BT 289.46 503.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 323.94 503.25 Td (in ) Tj ET Q q 0 0 0 rg BT 333.45 503.25 Td (Rest ) Tj ET Q q 0 0 0 rg BT 352.96 503.25 Td (of ) Tj ET Q q 0 0 0 rg BT 362.64 503.25 Td (AP) Tj ET Q q 0 0 0 rg BT 374.50 503.25 Td (AC ) Tj ET Q q 0 0 0 rg BT 390.12 503.25 Td (net ) Tj ET Q q 0 0 0 rg BT 404.07 503.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 443.84 503.25 Td (and ) Tj ET Q q 0 0 0 rg BT 460.01 503.25 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 476.73 503.25 Td (a ) Tj ET Q q 0 0 0 rg BT 482.90 503.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 494.63 503.25 Td (million ) Tj ET Q q 0 0 0 rg BT 525.25 503.25 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 491.25 Td (in ) Tj ET Q q 0 0 0 rg BT 64.28 491.25 Td (EMEA) Tj ET Q q 0 0 0 rg BT 92.06 491.25 Td ( ) Tj ET Q q 0 0 0 rg BT 94.56 491.25 Td (net ) Tj ET Q q 0 0 0 rg BT 109.27 491.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 149.81 491.25 Td (which ) Tj ET Q q 0 0 0 rg BT 176.75 491.25 Td (were ) Tj ET Q q 0 0 0 rg BT 198.68 491.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 234.50 491.25 Td (of) Tj ET Q q 0 0 0 rg BT 242.65 491.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 259.59 491.25 Td (by ) Tj ET Q q 0 0 0 rg BT 272.09 491.25 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 289.02 491.25 Td (a ) Tj ET Q q 0 0 0 rg BT 295.96 491.25 Td (1) Tj ET Q q 0 0 0 rg BT 305.59 491.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 313.09 491.25 Td (million ) Tj ET Q q 0 0 0 rg BT 344.48 491.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 381.40 491.25 Td (in ) Tj ET Q q 0 0 0 rg BT 391.68 491.25 Td (Greater ) Tj ET Q q 0 0 0 rg BT 424.15 491.25 Td (China ) Tj ET Q q 0 0 0 rg BT 450.54 491.25 Td (net ) Tj ET Q q 0 0 0 rg BT 465.25 491.25 Td (revenues.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 479.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 467.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 467.25 Td (The ) Tj ET Q q 0 0 0 rg BT 108.37 467.25 Td (46 ) Tj ET Q q 0 0 0 rg BT 126.20 467.25 Td (million ) Tj ET Q q 0 0 0 rg BT 157.92 467.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 193.50 467.25 Td (in ) Tj ET Q q 0 0 0 rg BT 203.48 467.25 Td (Americas ) Tj ET Q q 0 0 0 rg BT 244.63 467.25 Td (net ) Tj ET Q q 0 0 0 rg BT 259.67 467.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 298.03 467.25 Td (was ) Tj ET Q q 0 0 0 rg BT 316.41 467.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 356.45 467.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 404.82 467.25 Td (to ) Tj ET Q q 0 0 0 rg BT 415.42 467.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 456.00 467.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 487.71 467.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 528.29 467.25 Td (impact, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 455.25 Td (which ) Tj ET Q q 0 0 0 rg BT 81.59 455.25 Td (was ) Tj ET Q q 0 0 0 rg BT 100.28 455.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 128.98 455.25 Td (by ) Tj ET Q q 0 0 0 rg BT 142.13 455.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.49 455.25 Td (weakening ) Tj ET Q q 0 0 0 rg BT 203.95 455.25 Td (of ) Tj ET Q q 0 0 0 rg BT 215.43 455.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.79 455.25 Td (Euro ) Tj ET Q q 0 0 0 rg BT 253.38 455.25 Td (against ) Tj ET Q q 0 0 0 rg BT 284.85 455.25 Td (the ) Tj ET Q q 0 0 0 rg BT 300.21 455.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 321.14 455.25 Td (Dollar ) Tj ET Q q 0 0 0 rg BT 349.84 455.25 Td (and ) Tj ET Q q 0 0 0 rg BT 367.42 455.25 Td (an ) Tj ET Q q 0 0 0 rg BT 380.01 455.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 415.91 455.25 Td (in ) Tj ET Q q 0 0 0 rg BT 426.83 455.25 Td (shipments, ) Tj ET Q q 0 0 0 rg BT 473.04 455.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 503.96 455.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 532.65 455.25 Td (by ) Tj ET Q q 0 0 0 rg BT 545.80 455.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 443.25 Td (California ) Tj ET Q q 0 0 0 rg BT 95.81 443.25 Td (T) Tj ET Q q 0 0 0 rg BT 101.17 443.25 Td (, ) Tj ET Q q 0 0 0 rg BT 105.04 443.25 Td (that ) Tj ET Q q 0 0 0 rg BT 121.40 443.25 Td (was ) Tj ET Q q 0 0 0 rg BT 138.32 443.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 173.00 443.25 Td (of) Tj ET Q q 0 0 0 rg BT 181.15 443.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 196.95 443.25 Td (by ) Tj ET Q q 0 0 0 rg BT 208.32 443.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 249.10 443.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 291.02 443.25 Td (of ) Tj ET Q q 0 0 0 rg BT 300.71 443.25 Td (the ) Tj ET Q q 0 0 0 rg BT 314.29 443.25 Td (458 ) Tj ET Q q 0 0 0 rg BT 330.66 443.25 Td (Spider) Tj ET Q q 0 0 0 rg BT 356.22 443.25 Td (. ) Tj ET Q q 0 0 0 rg BT 360.08 443.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 381.45 443.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 419.46 443.25 Td (were ) Tj ET Q q 0 0 0 rg BT 440.25 443.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 474.93 443.25 Td (of) Tj ET Q q 0 0 0 rg BT 483.08 443.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 498.89 443.25 Td (by ) Tj ET Q q 0 0 0 rg BT 510.25 443.25 Td (unfavorable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 431.25 Td (product ) Tj ET Q q 0 0 0 rg BT 87.05 431.25 Td (mix ) Tj ET Q q 0 0 0 rg BT 105.10 431.25 Td (impact.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 419.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 407.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 407.25 Td (The ) Tj ET Q q 0 0 0 rg BT 108.70 407.25 Td (20 ) Tj ET Q q 0 0 0 rg BT 126.85 407.25 Td (million ) Tj ET Q q 0 0 0 rg BT 158.90 407.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 194.81 407.25 Td (in ) Tj ET Q q 0 0 0 rg BT 205.74 407.25 Td (Rest ) Tj ET Q q 0 0 0 rg BT 226.67 407.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.46 407.25 Td (AP) Tj ET Q q 0 0 0 rg BT 249.32 407.25 Td (AC ) Tj ET Q q 0 0 0 rg BT 266.37 407.25 Td (net ) Tj ET Q q 0 0 0 rg BT 281.74 407.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 320.43 407.25 Td (was ) Tj ET Q q 0 0 0 rg BT 339.13 407.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 387.82 407.25 Td (to ) Tj ET Q q 0 0 0 rg BT 398.75 407.25 Td (an ) Tj ET Q q 0 0 0 rg BT 411.35 407.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 447.25 407.25 Td (of ) Tj ET Q q 0 0 0 rg BT 458.74 407.25 Td (13 ) Tj ET Q q 0 0 0 rg BT 476.89 407.25 Td (million ) Tj ET Q q 0 0 0 rg BT 508.93 407.25 Td (in ) Tj ET Q q 0 0 0 rg BT 519.87 407.25 Td (Japan ) Tj ET Q q 0 0 0 rg BT 545.79 407.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 395.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 91.66 395.25 Td (and ) Tj ET Q q 0 0 0 rg BT 108.21 395.25 Td (an ) Tj ET Q q 0 0 0 rg BT 119.77 395.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 154.64 395.25 Td (of ) Tj ET Q q 0 0 0 rg BT 165.09 395.25 Td (7 ) Tj ET Q q 0 0 0 rg BT 177.21 395.25 Td (million ) Tj ET Q q 0 0 0 rg BT 208.22 395.25 Td (in ) Tj ET Q q 0 0 0 rg BT 218.12 395.25 Td (other ) Tj ET Q q 0 0 0 rg BT 240.79 395.25 Td (Rest ) Tj ET Q q 0 0 0 rg BT 260.68 395.25 Td (of ) Tj ET Q q 0 0 0 rg BT 270.67 395.25 Td (AP) Tj ET Q q 0 0 0 rg BT 282.53 395.25 Td (AC ) Tj ET Q q 0 0 0 rg BT 298.54 395.25 Td (net ) Tj ET Q q 0 0 0 rg BT 312.88 395.25 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 353.03 395.25 Td ( ) Tj ET Q q 0 0 0 rg BT 355.00 395.25 Td (The ) Tj ET Q q 0 0 0 rg BT 372.67 395.25 Td (13 ) Tj ET Q q 0 0 0 rg BT 389.79 395.25 Td (million ) Tj ET Q q 0 0 0 rg BT 420.80 395.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 455.67 395.25 Td (in ) Tj ET Q q 0 0 0 rg BT 465.57 395.25 Td (Japan ) Tj ET Q q 0 0 0 rg BT 490.45 395.25 Td (net ) Tj ET Q q 0 0 0 rg BT 504.79 395.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 542.45 395.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 383.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 84.18 383.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 112.13 383.25 Td (by ) Tj ET Q q 0 0 0 rg BT 124.53 383.25 Td (an ) Tj ET Q q 0 0 0 rg BT 136.37 383.25 Td (80.6 ) Tj ET Q q 0 0 0 rg BT 156.28 383.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 188.11 383.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 223.26 383.25 Td (in ) Tj ET Q q 0 0 0 rg BT 233.45 383.25 Td (shipments, ) Tj ET Q q 0 0 0 rg BT 278.91 383.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 309.08 383.25 Td (due ) Tj ET Q q 0 0 0 rg BT 325.93 383.25 Td (to ) Tj ET Q q 0 0 0 rg BT 336.11 383.25 Td (the ) Tj ET Q q 0 0 0 rg BT 350.73 383.25 Td (California ) Tj ET Q q 0 0 0 rg BT 393.50 383.25 Td (T) Tj ET Q q 0 0 0 rg BT 399.43 383.25 Td ( ) Tj ET Q q 0 0 0 rg BT 401.83 383.25 Td (and ) Tj ET Q q 0 0 0 rg BT 418.67 383.25 Td (458 ) Tj ET Q q 0 0 0 rg BT 435.90 383.25 Td (VS. ) Tj ET Q q 0 0 0 rg BT 453.42 383.25 Td (The ) Tj ET Q q 0 0 0 rg BT 471.37 383.25 Td (7 ) Tj ET Q q 0 0 0 rg BT 483.77 383.25 Td (million ) Tj ET Q q 0 0 0 rg BT 515.07 383.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 550.22 383.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 371.25 Td (other ) Tj ET Q q 0 0 0 rg BT 77.05 371.25 Td (Rest ) Tj ET Q q 0 0 0 rg BT 97.33 371.25 Td (of ) Tj ET Q q 0 0 0 rg BT 107.60 371.25 Td (AP) Tj ET Q q 0 0 0 rg BT 119.47 371.25 Td (AC ) Tj ET Q q 0 0 0 rg BT 135.86 371.25 Td (net ) Tj ET Q q 0 0 0 rg BT 150.58 371.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 188.61 371.25 Td (was ) Tj ET Q q 0 0 0 rg BT 206.67 371.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 234.71 371.25 Td (by ) Tj ET Q q 0 0 0 rg BT 247.21 371.25 Td (a ) Tj ET Q q 0 0 0 rg BT 254.15 371.25 Td (48.3 ) Tj ET Q q 0 0 0 rg BT 274.15 371.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 306.08 371.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 341.33 371.25 Td (in ) Tj ET Q q 0 0 0 rg BT 351.61 371.25 Td (shipments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 359.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 347.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 347.25 Td (The ) Tj ET Q q 0 0 0 rg BT 108.36 347.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 121.18 347.25 Td (million ) Tj ET Q q 0 0 0 rg BT 152.88 347.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 188.45 347.25 Td (in ) Tj ET Q q 0 0 0 rg BT 199.05 347.25 Td (EMEA) Tj ET Q q 0 0 0 rg BT 226.82 347.25 Td ( ) Tj ET Q q 0 0 0 rg BT 229.64 347.25 Td (net ) Tj ET Q q 0 0 0 rg BT 244.67 347.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 283.02 347.25 Td (was ) Tj ET Q q 0 0 0 rg BT 301.39 347.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 341.42 347.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 389.77 347.25 Td (to ) Tj ET Q q 0 0 0 rg BT 400.36 347.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 440.93 347.25 Td (shipments, ) Tj ET Q q 0 0 0 rg BT 486.80 347.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 515.16 347.25 Td (by ) Tj ET Q q 0 0 0 rg BT 527.98 347.25 Td (the ) Tj ET Q q 0 0 0 rg BT 543.01 347.25 Td (458 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 335.25 Td (Speciale ) Tj ET Q q 0 0 0 rg BT 89.62 335.25 Td (Aperta ) Tj ET Q q 0 0 0 rg BT 119.06 335.25 Td (and ) Tj ET Q q 0 0 0 rg BT 135.74 335.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.20 335.25 Td (488 ) Tj ET Q q 0 0 0 rg BT 167.44 335.25 Td (GTB, ) Tj ET Q q 0 0 0 rg BT 192.18 335.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 227.74 335.25 Td (of) Tj ET Q q 0 0 0 rg BT 235.89 335.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 252.57 335.25 Td (by ) Tj ET Q q 0 0 0 rg BT 264.81 335.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 306.46 335.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 349.26 335.25 Td (due ) Tj ET Q q 0 0 0 rg BT 365.94 335.25 Td (to ) Tj ET Q q 0 0 0 rg BT 375.96 335.25 Td (the ) Tj ET Q q 0 0 0 rg BT 390.42 335.25 Td (phase ) Tj ET Q q 0 0 0 rg BT 415.42 335.25 Td (out ) Tj ET Q q 0 0 0 rg BT 430.44 335.25 Td (of ) Tj ET Q q 0 0 0 rg BT 441.01 335.25 Td (the ) Tj ET Q q 0 0 0 rg BT 455.47 335.25 Td (458 ) Tj ET Q q 0 0 0 rg BT 472.71 335.25 Td (Spider ) Tj ET Q q 0 0 0 rg BT 501.06 335.25 Td (and ) Tj ET Q q 0 0 0 rg BT 517.74 335.25 Td (458 ) Tj ET Q q 0 0 0 rg BT 534.98 335.25 Td (Italia, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 323.25 Td (as ) Tj ET Q q 0 0 0 rg BT 64.83 323.25 Td (well ) Tj ET Q q 0 0 0 rg BT 84.55 323.25 Td (as ) Tj ET Q q 0 0 0 rg BT 95.38 323.25 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 145.63 323.25 Td (mix.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 311.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 299.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 299.25 Td (The ) Tj ET Q q 0 0 0 rg BT 107.29 299.25 Td (1) Tj ET Q q 0 0 0 rg BT 116.92 299.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 123.66 299.25 Td (million ) Tj ET Q q 0 0 0 rg BT 154.29 299.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 190.44 299.25 Td (in ) Tj ET Q q 0 0 0 rg BT 199.96 299.25 Td (Greater ) Tj ET Q q 0 0 0 rg BT 231.67 299.25 Td (China ) Tj ET Q q 0 0 0 rg BT 257.30 299.25 Td (net ) Tj ET Q q 0 0 0 rg BT 271.26 299.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 308.53 299.25 Td (was ) Tj ET Q q 0 0 0 rg BT 325.83 299.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 364.78 299.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 412.05 299.25 Td (to ) Tj ET Q q 0 0 0 rg BT 421.57 299.25 Td (a ) Tj ET Q q 0 0 0 rg BT 427.75 299.25 Td (16 ) Tj ET Q q 0 0 0 rg BT 444.49 299.25 Td (million ) Tj ET Q q 0 0 0 rg BT 475.12 299.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 511.27 299.25 Td (in ) Tj ET Q q 0 0 0 rg BT 520.79 299.25 Td (mainland ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 287.25 Td (China ) Tj ET Q q 0 0 0 rg BT 80.08 287.25 Td (net ) Tj ET Q q 0 0 0 rg BT 94.49 287.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 134.72 287.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 170.24 287.25 Td (of) Tj ET Q q 0 0 0 rg BT 178.39 287.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 195.02 287.25 Td (by ) Tj ET Q q 0 0 0 rg BT 207.21 287.25 Td (a ) Tj ET Q q 0 0 0 rg BT 213.84 287.25 Td (4 ) Tj ET Q q 0 0 0 rg BT 226.04 287.25 Td (million ) Tj ET Q q 0 0 0 rg BT 257.12 287.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 292.07 287.25 Td (in ) Tj ET Q q 0 0 0 rg BT 302.04 287.25 Td (Hong ) Tj ET Q q 0 0 0 rg BT 326.46 287.25 Td (Kong ) Tj ET Q q 0 0 0 rg BT 350.87 287.25 Td (net ) Tj ET Q q 0 0 0 rg BT 365.29 287.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 403.02 287.25 Td (and ) Tj ET Q q 0 0 0 rg BT 419.65 287.25 Td (a ) Tj ET Q q 0 0 0 rg BT 426.28 287.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 438.47 287.25 Td (million ) Tj ET Q q 0 0 0 rg BT 469.56 287.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 504.51 287.25 Td (in ) Tj ET Q q 0 0 0 rg BT 514.32 287.25 Td (T) Tj ET Q q 0 0 0 rg BT 519.73 287.25 Td (aiwan ) Tj ET Q q 0 0 0 rg BT 545.80 287.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 275.25 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 94.99 275.25 Td (The ) Tj ET Q q 0 0 0 rg BT 113.72 275.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 151.32 275.25 Td (of ) Tj ET Q q 0 0 0 rg BT 162.83 275.25 Td (16 ) Tj ET Q q 0 0 0 rg BT 181.02 275.25 Td (million ) Tj ET Q q 0 0 0 rg BT 213.09 275.25 Td (in ) Tj ET Q q 0 0 0 rg BT 224.05 275.25 Td (mainland ) Tj ET Q q 0 0 0 rg BT 264.45 275.25 Td (China ) Tj ET Q q 0 0 0 rg BT 291.52 275.25 Td (net ) Tj ET Q q 0 0 0 rg BT 306.92 275.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 345.64 275.25 Td (was ) Tj ET Q q 0 0 0 rg BT 364.38 275.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 404.77 275.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 453.49 275.25 Td (to ) Tj ET Q q 0 0 0 rg BT 464.45 275.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 477.08 275.25 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 528.01 275.25 Td (volume ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 263.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 83.37 263.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.86 263.25 Td (18 ) Tj ET Q q 0 0 0 rg BT 111.01 263.25 Td (million ) Tj ET Q q 0 0 0 rg BT 142.06 263.25 Td (due ) Tj ET Q q 0 0 0 rg BT 158.66 263.25 Td (to ) Tj ET Q q 0 0 0 rg BT 168.59 263.25 Td (a ) Tj ET Q q 0 0 0 rg BT 175.19 263.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 211.76 263.25 Td (in ) Tj ET Q q 0 0 0 rg BT 221.70 263.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 264.41 263.25 Td (of ) Tj ET Q q 0 0 0 rg BT 274.90 263.25 Td (34.7 ) Tj ET Q q 0 0 0 rg BT 294.55 263.25 Td (percent, ) Tj ET Q q 0 0 0 rg BT 328.64 263.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 356.34 263.25 Td (by ) Tj ET Q q 0 0 0 rg BT 368.50 263.25 Td (the ) Tj ET Q q 0 0 0 rg BT 382.87 263.25 Td (458 ) Tj ET Q q 0 0 0 rg BT 400.03 263.25 Td (Italia, ) Tj ET Q q 0 0 0 rg BT 425.23 263.25 Td (458 ) Tj ET Q q 0 0 0 rg BT 442.38 263.25 Td (Spider ) Tj ET Q q 0 0 0 rg BT 470.65 263.25 Td (and ) Tj ET Q q 0 0 0 rg BT 487.25 263.25 Td (F12berlinetta, ) Tj ET Q q 0 0 0 rg BT 545.22 263.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 251.25 Td (yet ) Tj ET Q q 0 0 0 rg BT 68.79 251.25 Td (compensated ) Tj ET Q q 0 0 0 rg BT 123.57 251.25 Td (by ) Tj ET Q q 0 0 0 rg BT 136.15 251.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.94 251.25 Td (488 ) Tj ET Q q 0 0 0 rg BT 168.52 251.25 Td (GTB, ) Tj ET Q q 0 0 0 rg BT 193.60 251.25 Td (which ) Tj ET Q q 0 0 0 rg BT 220.61 251.25 Td (arrived ) Tj ET Q q 0 0 0 rg BT 251.51 251.25 Td (in ) Tj ET Q q 0 0 0 rg BT 261.86 251.25 Td (this ) Tj ET Q q 0 0 0 rg BT 278.89 251.25 Td (market ) Tj ET Q q 0 0 0 rg BT 309.23 251.25 Td (in ) Tj ET Q q 0 0 0 rg BT 319.58 251.25 Td (Q3 ) Tj ET Q q 0 0 0 rg BT 334.38 251.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 359.46 251.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 374.25 251.25 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 424.58 251.25 Td (product ) Tj ET Q q 0 0 0 rg BT 457.71 251.25 Td (mix ) Tj ET Q q 0 0 0 rg BT 475.84 251.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 505.63 251.25 Td (of ) Tj ET Q q 0 0 0 rg BT 516.54 251.25 Td (6 ) Tj ET Q q 0 0 0 rg BT 529.12 251.25 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 239.25 Td (and ) Tj ET Q q 0 0 0 rg BT 70.26 239.25 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 87.08 239.25 Td (a ) Tj ET Q q 0 0 0 rg BT 93.34 239.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 105.17 239.25 Td (million ) Tj ET Q q 0 0 0 rg BT 135.88 239.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 172.12 239.25 Td (in ) Tj ET Q q 0 0 0 rg BT 181.72 239.25 Td (net ) Tj ET Q q 0 0 0 rg BT 195.76 239.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 233.12 239.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 273.81 239.25 Td (by ) Tj ET Q q 0 0 0 rg BT 285.63 239.25 Td (our ) Tj ET Q q 0 0 0 rg BT 300.79 239.25 Td (personalization ) Tj ET Q q 0 0 0 rg BT 363.70 239.25 Td (program, ) Tj ET Q q 0 0 0 rg BT 401.90 239.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 437.04 239.25 Td (of) Tj ET Q q 0 0 0 rg BT 445.19 239.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 461.46 239.25 Td (by ) Tj ET Q q 0 0 0 rg BT 473.28 239.25 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 489.54 239.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 529.12 239.25 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 227.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 94.25 227.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 123.97 227.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.80 227.25 Td (10 ) Tj ET Q q 0 0 0 rg BT 152.30 227.25 Td (million. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 215.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 203.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 203.25 Td (The ) Tj ET Q q 0 0 0 rg BT 108.10 203.25 Td (18 ) Tj ET Q q 0 0 0 rg BT 125.65 203.25 Td (million ) Tj ET Q q 0 0 0 rg BT 157.10 203.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 192.40 203.25 Td (in ) Tj ET Q q 0 0 0 rg BT 202.73 203.25 Td (net ) Tj ET Q q 0 0 0 rg BT 217.50 203.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 255.59 203.25 Td (from ) Tj ET Q q 0 0 0 rg BT 277.58 203.25 Td (supercars ) Tj ET Q q 0 0 0 rg BT 317.90 203.25 Td (and ) Tj ET Q q 0 0 0 rg BT 334.89 203.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 365.77 203.25 Td (edition ) Tj ET Q q 0 0 0 rg BT 396.10 203.25 Td (cars ) Tj ET Q q 0 0 0 rg BT 414.75 203.25 Td (was ) Tj ET Q q 0 0 0 rg BT 432.85 203.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 472.62 203.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 500.72 203.25 Td (by ) Tj ET Q q 0 0 0 rg BT 513.27 203.25 Td (an ) Tj ET Q q 0 0 0 rg BT 525.26 203.25 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 191.25 Td (in ) Tj ET Q q 0 0 0 rg BT 64.06 191.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 106.90 191.25 Td (of ) Tj ET Q q 0 0 0 rg BT 117.51 191.25 Td (the ) Tj ET Q q 0 0 0 rg BT 132.00 191.25 Td (LaFerrari ) Tj ET Q q 0 0 0 rg BT 172.04 191.25 Td (and ) Tj ET Q q 0 0 0 rg BT 188.76 191.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.25 191.25 Td (FXX ) Tj ET Q q 0 0 0 rg BT 225.54 191.25 Td (K. ) Tj ET Q q 0 0 0 rg BT 237.54 191.25 Td (In ) Tj ET Q q 0 0 0 rg BT 248.15 191.25 Td (particular) Tj ET Q q 0 0 0 rg BT 286.06 191.25 Td (, ) Tj ET Q q 0 0 0 rg BT 290.84 191.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.34 191.25 Td (18 ) Tj ET Q q 0 0 0 rg BT 322.62 191.25 Td (million ) Tj ET Q q 0 0 0 rg BT 353.79 191.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 388.82 191.25 Td (in ) Tj ET Q q 0 0 0 rg BT 398.88 191.25 Td (net ) Tj ET Q q 0 0 0 rg BT 413.38 191.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 451.20 191.25 Td (from ) Tj ET Q q 0 0 0 rg BT 472.92 191.25 Td (supercars ) Tj ET Q q 0 0 0 rg BT 512.96 191.25 Td (and ) Tj ET Q q 0 0 0 rg BT 529.67 191.25 Td (limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 179.25 Td (edition ) Tj ET Q q 0 0 0 rg BT 84.08 179.25 Td (cars ) Tj ET Q q 0 0 0 rg BT 102.49 179.25 Td (was ) Tj ET Q q 0 0 0 rg BT 120.35 179.25 Td (composed ) Tj ET Q q 0 0 0 rg BT 163.21 179.25 Td (of ) Tj ET Q q 0 0 0 rg BT 173.84 179.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 185.59 179.25 Td (a ) Tj ET Q q 0 0 0 rg BT 192.34 179.25 Td (56 ) Tj ET Q q 0 0 0 rg BT 209.65 179.25 Td (million ) Tj ET Q q 0 0 0 rg BT 240.85 179.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 275.91 179.25 Td (in ) Tj ET Q q 0 0 0 rg BT 285.49 179.25 Td (Americas ) Tj ET Q q 0 0 0 rg BT 326.11 179.25 Td (net ) Tj ET Q q 0 0 0 rg BT 340.64 179.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 380.98 179.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 416.61 179.25 Td (of) Tj ET Q q 0 0 0 rg BT 424.76 179.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 441.51 179.25 Td (by ) Tj ET Q q 0 0 0 rg BT 453.82 179.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 468.34 179.25 Td (a ) Tj ET Q q 0 0 0 rg BT 475.09 179.25 Td (26 ) Tj ET Q q 0 0 0 rg BT 492.40 179.25 Td (million ) Tj ET Q q 0 0 0 rg BT 523.60 179.25 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 167.25 Td (in ) Tj ET Q q 0 0 0 rg BT 64.28 167.25 Td (Greater ) Tj ET Q q 0 0 0 rg BT 96.75 167.25 Td (China ) Tj ET Q q 0 0 0 rg BT 123.14 167.25 Td (net ) Tj ET Q q 0 0 0 rg BT 137.86 167.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 175.89 167.25 Td (and ) Tj ET Q q 0 0 0 rg BT 192.83 167.25 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 210.33 167.25 Td (an ) Tj ET Q q 0 0 0 rg BT 222.27 167.25 Td (12 ) Tj ET Q q 0 0 0 rg BT 239.77 167.25 Td (million ) Tj ET Q q 0 0 0 rg BT 271.16 167.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 308.07 167.25 Td (in ) Tj ET Q q 0 0 0 rg BT 318.35 167.25 Td (EMEA) Tj ET Q q 0 0 0 rg BT 346.13 167.25 Td ( ) Tj ET Q q 0 0 0 rg BT 348.63 167.25 Td (net ) Tj ET Q q 0 0 0 rg BT 363.35 167.25 Td (revenues.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 143.25 Td (Engines) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 119.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 119.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 106.87 119.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 144.83 119.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 186.13 119.25 Td (from ) Tj ET Q q 0 0 0 rg BT 207.99 119.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 240.97 119.25 Td (were ) Tj ET Q q 0 0 0 rg BT 262.83 119.25 Td (51 ) Tj ET Q q 0 0 0 rg BT 280.26 119.25 Td (million ) Tj ET Q q 0 0 0 rg BT 311.58 119.25 Td (for ) Tj ET Q q 0 0 0 rg BT 325.67 119.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.31 119.25 Td (three ) Tj ET Q q 0 0 0 rg BT 362.73 119.25 Td (months ) Tj ET Q q 0 0 0 rg BT 394.60 119.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 420.91 119.25 Td (September ) Tj ET Q q 0 0 0 rg BT 466.10 119.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 481.03 119.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 505.96 119.25 Td (a ) Tj ET Q q 0 0 0 rg BT 512.83 119.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 549.67 119.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 107.25 Td (25 ) Tj ET Q q 0 0 0 rg BT 71.62 107.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 105.63 107.25 Td (or ) Tj ET Q q 0 0 0 rg BT 116.58 107.25 Td (32.9 ) Tj ET Q q 0 0 0 rg BT 136.70 107.25 Td (percent, ) Tj ET Q q 0 0 0 rg BT 171.24 107.25 Td (from ) Tj ET Q q 0 0 0 rg BT 193.30 107.25 Td (76 ) Tj ET Q q 0 0 0 rg BT 210.91 107.25 Td (million ) Tj ET Q q 0 0 0 rg BT 242.42 107.25 Td (for ) Tj ET Q q 0 0 0 rg BT 256.70 107.25 Td (the ) Tj ET Q q 0 0 0 rg BT 271.54 107.25 Td (three ) Tj ET Q q 0 0 0 rg BT 294.14 107.25 Td (months ) Tj ET Q q 0 0 0 rg BT 326.21 107.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 352.71 107.25 Td (September ) Tj ET Q q 0 0 0 rg BT 398.09 107.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 413.21 107.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 438.14 107.25 Td (The ) Tj ET Q q 0 0 0 rg BT 456.30 107.25 Td (25 ) Tj ET Q q 0 0 0 rg BT 473.92 107.25 Td (million ) Tj ET Q q 0 0 0 rg BT 505.43 107.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 542.46 107.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 95.25 Td (entirely ) Tj ET Q q 0 0 0 rg BT 86.17 95.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 133.34 95.25 Td (to ) Tj ET Q q 0 0 0 rg BT 142.75 95.25 Td (a ) Tj ET Q q 0 0 0 rg BT 148.82 95.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 184.86 95.25 Td (in ) Tj ET Q q 0 0 0 rg BT 194.27 95.25 Td (net ) Tj ET Q q 0 0 0 rg BT 208.12 95.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 245.29 95.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 285.78 95.25 Td (from ) Tj ET Q q 0 0 0 rg BT 306.85 95.25 Td (the ) Tj ET Q q 0 0 0 rg BT 320.70 95.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 337.88 95.25 Td (of ) Tj ET Q q 0 0 0 rg BT 347.84 95.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 380.02 95.25 Td (to ) Tj ET Q q 0 0 0 rg BT 389.42 95.25 Td (Maserati, ) Tj ET Q q 0 0 0 rg BT 428.54 95.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 455.72 95.25 Td (by ) Tj ET Q q 0 0 0 rg BT 467.35 95.25 Td (a ) Tj ET Q q 0 0 0 rg BT 473.42 95.25 Td (41.8 ) Tj ET Q q 0 0 0 rg BT 492.55 95.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 523.60 95.25 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 83.25 Td (in ) Tj ET Q q 0 0 0 rg BT 64.28 83.25 Td (the ) Tj ET Q q 0 0 0 rg BT 79.00 83.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 111.49 83.25 Td (of ) Tj ET Q q 0 0 0 rg BT 122.32 83.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 155.37 83.25 Td (shipped ) Tj ET Q q 0 0 0 rg BT 188.98 83.25 Td (in ) Tj ET Q q 0 0 0 rg BT 199.25 83.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 246.71 83.25 Td (with ) Tj ET Q q 0 0 0 rg BT 266.99 83.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.71 83.25 Td (planned ) Tj ET Q q 0 0 0 rg BT 315.87 83.25 Td (orders ) Tj ET Q q 0 0 0 rg BT 343.36 83.25 Td (received ) Tj ET Q q 0 0 0 rg BT 379.72 83.25 Td (from ) Tj ET Q q 0 0 0 rg BT 401.66 83.25 Td (Maserati.) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.20 41.20 Td (1) Tj ET Q q 0 0 0 rg BT 305.75 41.20 Td (1) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 719.25 Td (Sponsorship, ) Tj ET Q q 0 0 0 rg BT 110.14 719.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 160.96 719.25 Td (and ) Tj ET Q q 0 0 0 rg BT 179.02 719.25 Td (brand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 695.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 695.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 106.31 695.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 143.73 695.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 184.46 695.25 Td (from ) Tj ET Q q 0 0 0 rg BT 205.78 695.25 Td (sponsorship, ) Tj ET Q q 0 0 0 rg BT 257.93 695.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 307.01 695.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 354.41 695.25 Td (and ) Tj ET Q q 0 0 0 rg BT 370.73 695.25 Td (brand ) Tj ET Q q 0 0 0 rg BT 395.37 695.25 Td (management ) Tj ET Q q 0 0 0 rg BT 448.33 695.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 486.31 695.25 Td (were ) Tj ET Q q 0 0 0 rg BT 507.61 695.25 Td (1) Tj ET Q q 0 0 0 rg BT 517.24 695.25 Td (10 ) Tj ET Q q 0 0 0 rg BT 529.12 695.25 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 683.25 Td (for ) Tj ET Q q 0 0 0 rg BT 67.60 683.25 Td (the ) Tj ET Q q 0 0 0 rg BT 81.76 683.25 Td (three ) Tj ET Q q 0 0 0 rg BT 103.69 683.25 Td (months ) Tj ET Q q 0 0 0 rg BT 135.08 683.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 160.90 683.25 Td (September ) Tj ET Q q 0 0 0 rg BT 205.61 683.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 220.05 683.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 244.50 683.25 Td (an ) Tj ET Q q 0 0 0 rg BT 255.88 683.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 290.58 683.25 Td (of ) Tj ET Q q 0 0 0 rg BT 300.85 683.25 Td (7 ) Tj ET Q q 0 0 0 rg BT 312.79 683.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 346.13 683.25 Td (or ) Tj ET Q q 0 0 0 rg BT 356.40 683.25 Td (6.8 ) Tj ET Q q 0 0 0 rg BT 370.85 683.25 Td (percent, ) Tj ET Q q 0 0 0 rg BT 404.71 683.25 Td (from ) Tj ET Q q 0 0 0 rg BT 426.09 683.25 Td (103 ) Tj ET Q q 0 0 0 rg BT 448.04 683.25 Td (million ) Tj ET Q q 0 0 0 rg BT 478.87 683.25 Td (for ) Tj ET Q q 0 0 0 rg BT 492.48 683.25 Td (the ) Tj ET Q q 0 0 0 rg BT 506.64 683.25 Td (three ) Tj ET Q q 0 0 0 rg BT 528.57 683.25 Td (months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 671.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 80.38 671.25 Td (September ) Tj ET Q q 0 0 0 rg BT 125.64 671.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 140.64 671.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 165.46 671.25 Td (The ) Tj ET Q q 0 0 0 rg BT 183.51 671.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 218.76 671.25 Td (was ) Tj ET Q q 0 0 0 rg BT 236.81 671.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 267.09 671.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 295.13 671.25 Td (by ) Tj ET Q q 0 0 0 rg BT 307.63 671.25 Td (licensing ) Tj ET Q q 0 0 0 rg BT 346.24 671.25 Td (and ) Tj ET Q q 0 0 0 rg BT 363.17 671.25 Td (retail ) Tj ET Q q 0 0 0 rg BT 386.22 671.25 Td (net ) Tj ET Q q 0 0 0 rg BT 400.93 671.25 Td (revenues. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 647.25 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 635.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 635.25 Td (Other) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 112.77 635.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.84 635.25 Td (net ) Tj ET Q q 0 0 0 rg BT 129.13 635.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 166.75 635.25 Td (were ) Tj ET Q q 0 0 0 rg BT 188.25 635.25 Td (25 ) Tj ET Q q 0 0 0 rg BT 205.32 635.25 Td (million ) Tj ET Q q 0 0 0 rg BT 236.29 635.25 Td (for ) Tj ET Q q 0 0 0 rg BT 250.02 635.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.31 635.25 Td (three ) Tj ET Q q 0 0 0 rg BT 286.37 635.25 Td (months ) Tj ET Q q 0 0 0 rg BT 317.90 635.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 343.85 635.25 Td (September ) Tj ET Q q 0 0 0 rg BT 388.68 635.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 403.26 635.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 427.83 635.25 Td (an ) Tj ET Q q 0 0 0 rg BT 439.35 635.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 474.17 635.25 Td (of ) Tj ET Q q 0 0 0 rg BT 484.58 635.25 Td (4 ) Tj ET Q q 0 0 0 rg BT 496.65 635.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 530.12 635.25 Td (or ) Tj ET Q q 0 0 0 rg BT 540.52 635.25 Td (19.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 623.25 Td (percent, ) Tj ET Q q 0 0 0 rg BT 88.06 623.25 Td (from ) Tj ET Q q 0 0 0 rg BT 109.63 623.25 Td (21 ) Tj ET Q q 0 0 0 rg BT 126.76 623.25 Td (million ) Tj ET Q q 0 0 0 rg BT 157.79 623.25 Td (for ) Tj ET Q q 0 0 0 rg BT 171.58 623.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.93 623.25 Td (three ) Tj ET Q q 0 0 0 rg BT 208.05 623.25 Td (months ) Tj ET Q q 0 0 0 rg BT 239.63 623.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 265.65 623.25 Td (September ) Tj ET Q q 0 0 0 rg BT 310.54 623.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 325.18 623.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 349.81 623.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 389.16 623.25 Td (related ) Tj ET Q q 0 0 0 rg BT 418.49 623.25 Td (to ) Tj ET Q q 0 0 0 rg BT 428.40 623.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 459.97 623.25 Td (income ) Tj ET Q q 0 0 0 rg BT 491.54 623.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 532.54 623.25 Td (by ) Tj ET Q q 0 0 0 rg BT 544.67 623.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 611.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 91.48 611.25 Td (services ) Tj ET Q q 0 0 0 rg BT 126.19 611.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 164.79 611.25 Td (due ) Tj ET Q q 0 0 0 rg BT 181.72 611.25 Td (to ) Tj ET Q q 0 0 0 rg BT 192.00 611.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 232.26 611.25 Td (volumes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 587.25 Td (Cost ) Tj ET Q q 0 0 0 rg BT 74.84 587.25 Td (of ) Tj ET Q q 0 0 0 rg BT 85.67 587.25 Td (sales) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 516.75 150.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 516.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 516.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 516.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 516.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 516.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 516.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 516.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 516.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 516.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 516.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 516.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 516.75 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 562.75 m 263.5 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 562.75 m 267.5 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 562.75 m 322.5 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 562.75 m 326.5 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 562.75 m 381.5 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 562.75 m 385.5 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 562.75 m 440.5 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 562.75 m 499.5 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 562.75 m 503.5 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 562.75 m 558.5 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 530.75 m 263.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 530.75 m 322.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 530.75 m 381.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 530.75 m 440.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 530.75 m 499.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 530.75 m 503.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 530.75 m 558.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 530.75 m 263.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 530.75 m 322.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 530.75 m 381.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 530.75 m 440.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 530.75 m 499.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 530.75 m 503.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 530.75 m 558.5 530.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 242.35 567.20 Td (For) Tj ET Q q 0 0 0 rg BT 256.18 567.20 Td ( the thr) Tj ET Q q 0 0 0 rg BT 284.51 567.20 Td (ee months ended September) Tj ET Q q 0 0 0 rg BT 392.09 567.20 Td ( 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.00 567.20 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.15 567.20 Td (Increase/\(decrease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.50 535.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.30 553.20 Td (Percentage) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.60 544.20 Td (of net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 277.55 535.20 Td (revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.50 535.20 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.30 553.20 Td (Percentage) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.60 544.20 Td (of net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.55 535.20 Td (revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.60 535.20 Td (2015 vs. 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.45 521.00 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 507.21 Td (Cost of sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 246.50 507.21 Td (372) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 507.21 Td (51.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 507.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 507.21 Td (384) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.75 507.21 Td (58.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 507.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 507.21 Td (\(12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 507.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 507.21 Td (\(3.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.50 507.21 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 479.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 479.25 Td (Cost ) Tj ET Q q 0 0 0 rg BT 111.62 479.25 Td (of ) Tj ET Q q 0 0 0 rg BT 123.23 479.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 145.95 479.25 Td (for ) Tj ET Q q 0 0 0 rg BT 160.89 479.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.39 479.25 Td (three ) Tj ET Q q 0 0 0 rg BT 199.65 479.25 Td (months ) Tj ET Q q 0 0 0 rg BT 232.38 479.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 259.54 479.25 Td (September ) Tj ET Q q 0 0 0 rg BT 305.58 479.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 321.36 479.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 347.14 479.25 Td (was ) Tj ET Q q 0 0 0 rg BT 365.97 479.25 Td (372 ) Tj ET Q q 0 0 0 rg BT 389.25 479.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 423.93 479.25 Td (a ) Tj ET Q q 0 0 0 rg BT 431.65 479.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 469.34 479.25 Td (of ) Tj ET Q q 0 0 0 rg BT 480.95 479.25 Td (12 ) Tj ET Q q 0 0 0 rg BT 499.23 479.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 533.90 479.25 Td (or ) Tj ET Q q 0 0 0 rg BT 545.51 479.25 Td (3.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 467.25 Td (percent, ) Tj ET Q q 0 0 0 rg BT 88.42 467.25 Td (from ) Tj ET Q q 0 0 0 rg BT 110.36 467.25 Td (384 ) Tj ET Q q 0 0 0 rg BT 132.86 467.25 Td (million ) Tj ET Q q 0 0 0 rg BT 164.25 467.25 Td (for ) Tj ET Q q 0 0 0 rg BT 178.41 467.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.13 467.25 Td (three ) Tj ET Q q 0 0 0 rg BT 215.62 467.25 Td (months ) Tj ET Q q 0 0 0 rg BT 247.56 467.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 273.94 467.25 Td (September ) Tj ET Q q 0 0 0 rg BT 319.21 467.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 334.21 467.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 358.65 467.25 Td (As ) Tj ET Q q 0 0 0 rg BT 372.27 467.25 Td (a ) Tj ET Q q 0 0 0 rg BT 379.21 467.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 425.01 467.25 Td (of ) Tj ET Q q 0 0 0 rg BT 435.84 467.25 Td (net ) Tj ET Q q 0 0 0 rg BT 450.55 467.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 491.09 467.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 509.70 467.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.53 467.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 542.47 467.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 455.25 Td (51.5 ) Tj ET Q q 0 0 0 rg BT 74.03 455.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 105.98 455.25 Td (for ) Tj ET Q q 0 0 0 rg BT 120.17 455.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.92 455.25 Td (three ) Tj ET Q q 0 0 0 rg BT 157.43 455.25 Td (months ) Tj ET Q q 0 0 0 rg BT 189.41 455.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 215.82 455.25 Td (September ) Tj ET Q q 0 0 0 rg BT 261.11 455.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 276.14 455.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 301.17 455.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 343.12 455.25 Td (to ) Tj ET Q q 0 0 0 rg BT 353.43 455.25 Td (58.0 ) Tj ET Q q 0 0 0 rg BT 373.46 455.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 405.41 455.25 Td (for ) Tj ET Q q 0 0 0 rg BT 419.60 455.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.35 455.25 Td (three ) Tj ET Q q 0 0 0 rg BT 456.86 455.25 Td (months ) Tj ET Q q 0 0 0 rg BT 488.84 455.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 515.25 455.25 Td (September ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 443.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 69.00 443.25 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 419.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 419.25 Td (The ) Tj ET Q q 0 0 0 rg BT 107.96 419.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 144.78 419.25 Td (in ) Tj ET Q q 0 0 0 rg BT 154.97 419.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 173.48 419.25 Td (of ) Tj ET Q q 0 0 0 rg BT 184.22 419.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 206.07 419.25 Td (was ) Tj ET Q q 0 0 0 rg BT 224.03 419.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 271.97 419.25 Td (to ) Tj ET Q q 0 0 0 rg BT 282.16 419.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.79 419.25 Td (combination ) Tj ET Q q 0 0 0 rg BT 349.19 419.25 Td (of ) Tj ET Q q 0 0 0 rg BT 359.92 419.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 371.77 419.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 413.59 419.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 436.00 419.25 Td (of ) Tj ET Q q 0 0 0 rg BT 446.74 419.25 Td (22 ) Tj ET Q q 0 0 0 rg BT 464.15 419.25 Td (million ) Tj ET Q q 0 0 0 rg BT 495.45 419.25 Td (related ) Tj ET Q q 0 0 0 rg BT 525.06 419.25 Td (to ) Tj ET Q q 0 0 0 rg BT 535.25 419.25 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 407.25 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 91.56 407.25 Td (engine ) Tj ET Q q 0 0 0 rg BT 120.79 407.25 Td (shipments, ) Tj ET Q q 0 0 0 rg BT 166.43 407.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 202.33 407.25 Td (of) Tj ET Q q 0 0 0 rg BT 210.48 407.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 227.49 407.25 Td (by ) Tj ET Q q 0 0 0 rg BT 240.07 407.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 254.86 407.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 295.19 407.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 317.77 407.25 Td (of ) Tj ET Q q 0 0 0 rg BT 328.68 407.25 Td (5 ) Tj ET Q q 0 0 0 rg BT 341.25 407.25 Td (million ) Tj ET Q q 0 0 0 rg BT 372.72 407.25 Td (related ) Tj ET Q q 0 0 0 rg BT 402.50 407.25 Td (to ) Tj ET Q q 0 0 0 rg BT 412.86 407.25 Td (product ) Tj ET Q q 0 0 0 rg BT 445.98 407.25 Td (mix, ) Tj ET Q q 0 0 0 rg BT 466.62 407.25 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 484.19 407.25 Td (an ) Tj ET Q q 0 0 0 rg BT 496.20 407.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 531.54 407.25 Td (in ) Tj ET Q q 0 0 0 rg BT 541.89 407.25 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 395.25 Td (of ) Tj ET Q q 0 0 0 rg BT 64.51 395.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 86.12 395.25 Td (of ) Tj ET Q q 0 0 0 rg BT 96.63 395.25 Td (supporting ) Tj ET Q q 0 0 0 rg BT 141.58 395.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 179.86 395.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.37 395.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 202.54 395.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 236.11 395.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 266.06 395.25 Td (related ) Tj ET Q q 0 0 0 rg BT 295.44 395.25 Td (to ) Tj ET Q q 0 0 0 rg BT 305.40 395.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 342.55 395.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 379.44 395.25 Td (and ) Tj ET Q q 0 0 0 rg BT 396.05 395.25 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 412.67 395.25 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 462.60 395.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 493.65 395.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 530.80 395.25 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 383.25 Td (of ) Tj ET Q q 0 0 0 rg BT 64.83 383.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 77.33 383.25 Td (million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 359.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 359.25 Td (The ) Tj ET Q q 0 0 0 rg BT 108.78 359.25 Td (22 ) Tj ET Q q 0 0 0 rg BT 127.01 359.25 Td (million ) Tj ET Q q 0 0 0 rg BT 159.14 359.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 196.78 359.25 Td (in ) Tj ET Q q 0 0 0 rg BT 207.79 359.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 227.13 359.25 Td (of ) Tj ET Q q 0 0 0 rg BT 238.70 359.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 261.37 359.25 Td (related ) Tj ET Q q 0 0 0 rg BT 291.80 359.25 Td (to ) Tj ET Q q 0 0 0 rg BT 302.81 359.25 Td (the ) Tj ET Q q 0 0 0 rg BT 318.26 359.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 337.04 359.25 Td (of ) Tj ET Q q 0 0 0 rg BT 348.60 359.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 382.38 359.25 Td (to ) Tj ET Q q 0 0 0 rg BT 393.39 359.25 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 431.61 359.25 Td (was ) Tj ET Q q 0 0 0 rg BT 450.40 359.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 479.17 359.25 Td (by ) Tj ET Q q 0 0 0 rg BT 492.41 359.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.86 359.25 Td (41.8 ) Tj ET Q q 0 0 0 rg BT 528.59 359.25 Td (percent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 347.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 90.26 347.25 Td (in ) Tj ET Q q 0 0 0 rg BT 99.89 347.25 Td (the ) Tj ET Q q 0 0 0 rg BT 113.95 347.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 145.80 347.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.98 347.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 188.37 347.25 Td (shipped ) Tj ET Q q 0 0 0 rg BT 221.33 347.25 Td (to ) Tj ET Q q 0 0 0 rg BT 230.95 347.25 Td (Maserati. ) Tj ET Q q 0 0 0 rg BT 270.15 347.25 Td (The ) Tj ET Q q 0 0 0 rg BT 287.55 347.25 Td (5 ) Tj ET Q q 0 0 0 rg BT 299.40 347.25 Td (million ) Tj ET Q q 0 0 0 rg BT 330.14 347.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 364.74 347.25 Td (in ) Tj ET Q q 0 0 0 rg BT 374.36 347.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 392.32 347.25 Td (of ) Tj ET Q q 0 0 0 rg BT 402.50 347.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 423.79 347.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 451.18 347.25 Td (by ) Tj ET Q q 0 0 0 rg BT 463.03 347.25 Td (product ) Tj ET Q q 0 0 0 rg BT 495.42 347.25 Td (mix ) Tj ET Q q 0 0 0 rg BT 512.83 347.25 Td (was ) Tj ET Q q 0 0 0 rg BT 530.23 347.25 Td (mainly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 335.25 Td (due ) Tj ET Q q 0 0 0 rg BT 71.21 335.25 Td (to ) Tj ET Q q 0 0 0 rg BT 81.75 335.25 Td (an ) Tj ET Q q 0 0 0 rg BT 93.96 335.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 129.48 335.25 Td (in ) Tj ET Q q 0 0 0 rg BT 140.03 335.25 Td (LaFerrari ) Tj ET Q q 0 0 0 rg BT 180.55 335.25 Td (and ) Tj ET Q q 0 0 0 rg BT 197.76 335.25 Td (FXX ) Tj ET Q q 0 0 0 rg BT 220.53 335.25 Td (K ) Tj ET Q q 0 0 0 rg BT 230.52 335.25 Td (shipments, ) Tj ET Q q 0 0 0 rg BT 276.35 335.25 Td (which ) Tj ET Q q 0 0 0 rg BT 303.56 335.25 Td (was ) Tj ET Q q 0 0 0 rg BT 321.88 335.25 Td (only ) Tj ET Q q 0 0 0 rg BT 342.42 335.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 378.51 335.25 Td (of) Tj ET Q q 0 0 0 rg BT 386.66 335.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 403.87 335.25 Td (by ) Tj ET Q q 0 0 0 rg BT 416.64 335.25 Td (an ) Tj ET Q q 0 0 0 rg BT 428.84 335.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 464.37 335.25 Td (in ) Tj ET Q q 0 0 0 rg BT 474.91 335.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.90 335.25 Td (proportion ) Tj ET Q q 0 0 0 rg BT 534.88 335.25 Td (of ) Tj ET Q q 0 0 0 rg BT 545.78 335.25 Td (V8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 323.25 Td (models ) Tj ET Q q 0 0 0 rg BT 85.39 323.25 Td (shipped, ) Tj ET Q q 0 0 0 rg BT 121.50 323.25 Td (which ) Tj ET Q q 0 0 0 rg BT 148.43 323.25 Td (in ) Tj ET Q q 0 0 0 rg BT 158.71 323.25 Td (general ) Tj ET Q q 0 0 0 rg BT 190.64 323.25 Td (have ) Tj ET Q q 0 0 0 rg BT 212.01 323.25 Td (a ) Tj ET Q q 0 0 0 rg BT 218.95 323.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 244.22 323.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 262.83 323.25 Td (of ) Tj ET Q q 0 0 0 rg BT 273.66 323.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 295.60 323.25 Td (per ) Tj ET Q q 0 0 0 rg BT 310.87 323.25 Td (unit. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 299.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 299.25 Td (The ) Tj ET Q q 0 0 0 rg BT 108.26 299.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 145.39 299.25 Td (in ) Tj ET Q q 0 0 0 rg BT 155.89 299.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 174.71 299.25 Td (of ) Tj ET Q q 0 0 0 rg BT 185.76 299.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 207.91 299.25 Td (as ) Tj ET Q q 0 0 0 rg BT 218.96 299.25 Td (a ) Tj ET Q q 0 0 0 rg BT 226.12 299.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 272.13 299.25 Td (of ) Tj ET Q q 0 0 0 rg BT 283.18 299.25 Td (net ) Tj ET Q q 0 0 0 rg BT 298.11 299.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 336.37 299.25 Td (was ) Tj ET Q q 0 0 0 rg BT 354.63 299.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 382.90 299.25 Td (by ) Tj ET Q q 0 0 0 rg BT 395.61 299.25 Td (a ) Tj ET Q q 0 0 0 rg BT 402.77 299.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 439.90 299.25 Td (in ) Tj ET Q q 0 0 0 rg BT 450.39 299.25 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 488.09 299.25 Td (engine ) Tj ET Q q 0 0 0 rg BT 517.47 299.25 Td (shipments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 287.25 Td (as ) Tj ET Q q 0 0 0 rg BT 64.83 287.25 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 102.32 287.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 135.36 287.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 171.72 287.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 196.99 287.25 Td (mar) Tj ET Q q 0 0 0 rg BT 212.36 287.25 Td (gins ) Tj ET Q q 0 0 0 rg BT 231.53 287.25 Td (than ) Tj ET Q q 0 0 0 rg BT 251.25 287.25 Td (we ) Tj ET Q q 0 0 0 rg BT 265.41 287.25 Td (earn ) Tj ET Q q 0 0 0 rg BT 285.11 287.25 Td (from ) Tj ET Q q 0 0 0 rg BT 307.05 287.25 Td (the ) Tj ET Q q 0 0 0 rg BT 321.77 287.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 339.82 287.25 Td (of ) Tj ET Q q 0 0 0 rg BT 350.65 287.25 Td (cars ) Tj ET Q q 0 0 0 rg BT 369.24 287.25 Td (and ) Tj ET Q q 0 0 0 rg BT 386.18 287.25 Td (spare ) Tj ET Q q 0 0 0 rg BT 409.78 287.25 Td (parts.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 263.25 Td (Selling, general and administrative costs) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 180.75 150.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 180.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 180.75 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 180.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 180.75 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 180.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 180.75 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 180.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 180.75 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 180.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 180.75 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 180.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 180.75 55.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 226.75 m 263.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 226.75 m 267.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 226.75 m 322.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 226.75 m 326.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 226.75 m 381.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 226.75 m 385.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 226.75 m 440.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 226.75 m 499.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 226.75 m 503.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 226.75 m 558.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 194.75 m 263.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 194.75 m 322.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 194.75 m 381.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 194.75 m 440.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 194.75 m 499.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 194.75 m 503.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 194.75 m 558.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 194.75 m 263.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 194.75 m 322.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 194.75 m 381.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 194.75 m 440.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 194.75 m 499.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 194.75 m 503.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 194.75 m 558.5 194.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 242.35 231.20 Td (For) Tj ET Q q 0 0 0 rg BT 256.18 231.20 Td ( the thr) Tj ET Q q 0 0 0 rg BT 284.51 231.20 Td (ee months ended September) Tj ET Q q 0 0 0 rg BT 392.09 231.20 Td ( 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.15 231.20 Td (Increase/\(decrease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.50 199.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.30 217.20 Td (Percentage) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.60 208.20 Td (of net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 277.55 199.20 Td (revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.50 199.20 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.30 217.20 Td (Percentage) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.60 208.20 Td (of net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.55 199.20 Td (revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.60 199.20 Td (2015 vs. 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.45 185.00 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 171.21 Td (Selling, general and administrative) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 162.21 Td (costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 162.21 Td (80) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 162.21 Td (11.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 162.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 162.21 Td (82) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.75 162.21 Td (12.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 162.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 162.21 Td (\(2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 162.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 162.21 Td (\(2.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.50 162.21 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 134.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 134.25 Td (Selling, ) Tj ET Q q 0 0 0 rg BT 123.13 134.25 Td (general ) Tj ET Q q 0 0 0 rg BT 154.84 134.25 Td (and ) Tj ET Q q 0 0 0 rg BT 171.57 134.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 231.07 134.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 253.37 134.25 Td (for ) Tj ET Q q 0 0 0 rg BT 267.32 134.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.83 134.25 Td (three ) Tj ET Q q 0 0 0 rg BT 304.11 134.25 Td (months ) Tj ET Q q 0 0 0 rg BT 335.85 134.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 362.02 134.25 Td (September ) Tj ET Q q 0 0 0 rg BT 407.07 134.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 421.87 134.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 444.16 134.25 Td (were ) Tj ET Q q 0 0 0 rg BT 465.88 134.25 Td (80 ) Tj ET Q q 0 0 0 rg BT 483.17 134.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 516.86 134.25 Td (a ) Tj ET Q q 0 0 0 rg BT 523.59 134.25 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 122.25 Td (of ) Tj ET Q q 0 0 0 rg BT 64.43 122.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 76.54 122.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 110.03 122.25 Td (or ) Tj ET Q q 0 0 0 rg BT 120.47 122.25 Td (2.4 ) Tj ET Q q 0 0 0 rg BT 135.07 122.25 Td (percent, ) Tj ET Q q 0 0 0 rg BT 169.10 122.25 Td (from ) Tj ET Q q 0 0 0 rg BT 190.64 122.25 Td (82 ) Tj ET Q q 0 0 0 rg BT 207.74 122.25 Td (million ) Tj ET Q q 0 0 0 rg BT 238.74 122.25 Td (for ) Tj ET Q q 0 0 0 rg BT 252.50 122.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.82 122.25 Td (three ) Tj ET Q q 0 0 0 rg BT 288.91 122.25 Td (months ) Tj ET Q q 0 0 0 rg BT 320.46 122.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 346.44 122.25 Td (September ) Tj ET Q q 0 0 0 rg BT 391.31 122.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 405.91 122.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 430.05 122.25 Td (As ) Tj ET Q q 0 0 0 rg BT 443.27 122.25 Td (a ) Tj ET Q q 0 0 0 rg BT 449.81 122.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 495.22 122.25 Td (of ) Tj ET Q q 0 0 0 rg BT 505.65 122.25 Td (net ) Tj ET Q q 0 0 0 rg BT 519.97 122.25 Td (revenues, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 110.25 Td (selling, ) Tj ET Q q 0 0 0 rg BT 85.84 110.25 Td (general ) Tj ET Q q 0 0 0 rg BT 117.94 110.25 Td (and ) Tj ET Q q 0 0 0 rg BT 135.05 110.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 194.93 110.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 217.61 110.25 Td (were ) Tj ET Q q 0 0 0 rg BT 239.71 110.25 Td (1) Tj ET Q q 0 0 0 rg BT 244.34 110.25 Td (1.1 ) Tj ET Q q 0 0 0 rg BT 259.52 110.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 291.61 110.25 Td (for ) Tj ET Q q 0 0 0 rg BT 305.95 110.25 Td (the ) Tj ET Q q 0 0 0 rg BT 320.84 110.25 Td (three ) Tj ET Q q 0 0 0 rg BT 343.50 110.25 Td (months ) Tj ET Q q 0 0 0 rg BT 375.62 110.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 402.18 110.25 Td (September ) Tj ET Q q 0 0 0 rg BT 447.61 110.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 462.79 110.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 487.96 110.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 530.06 110.25 Td (to ) Tj ET Q q 0 0 0 rg BT 540.52 110.25 Td (12.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 98.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 85.92 98.25 Td (for ) Tj ET Q q 0 0 0 rg BT 100.08 98.25 Td (the ) Tj ET Q q 0 0 0 rg BT 114.80 98.25 Td (three ) Tj ET Q q 0 0 0 rg BT 137.29 98.25 Td (months ) Tj ET Q q 0 0 0 rg BT 169.23 98.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 195.61 98.25 Td (September ) Tj ET Q q 0 0 0 rg BT 240.88 98.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 255.88 98.25 Td (2014.) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 41.20 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 731.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 731.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.11 731.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 145.10 731.10 Td (in ) Tj ET Q q 0 0 0 rg BT 155.44 731.10 Td (selling, ) Tj ET Q q 0 0 0 rg BT 187.17 731.10 Td (general ) Tj ET Q q 0 0 0 rg BT 219.17 731.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.17 731.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 295.95 731.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 318.51 731.10 Td (was ) Tj ET Q q 0 0 0 rg BT 336.63 731.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 384.74 731.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.08 731.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 407.09 731.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 424.66 731.10 Td (million ) Tj ET Q q 0 0 0 rg BT 456.11 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.01 731.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 505.68 731.10 Td (related ) Tj ET Q q 0 0 0 rg BT 535.45 731.10 Td (to ) Tj ET Q q 0 0 0 rg BT 545.79 731.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 719.10 Td (resignation ) Tj ET Q q 0 0 0 rg BT 100.87 719.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.63 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.28 719.10 Td (former ) Tj ET Q q 0 0 0 rg BT 155.92 719.10 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 197.79 719.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 244.08 719.10 Td (for ) Tj ET Q q 0 0 0 rg BT 258.18 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.83 719.10 Td (three ) Tj ET Q q 0 0 0 rg BT 295.24 719.10 Td (months ) Tj ET Q q 0 0 0 rg BT 327.13 719.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 353.44 719.10 Td (September ) Tj ET Q q 0 0 0 rg BT 398.63 719.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 413.56 719.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 438.50 719.10 Td (which ) Tj ET Q q 0 0 0 rg BT 465.37 719.10 Td (were ) Tj ET Q q 0 0 0 rg BT 487.23 719.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 522.98 719.10 Td (of) Tj ET Q q 0 0 0 rg BT 531.13 719.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 548.01 719.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 707.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 68.78 707.10 Td (consultancy ) Tj ET Q q 0 0 0 rg BT 119.11 707.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 141.67 707.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 177.55 707.10 Td (in ) Tj ET Q q 0 0 0 rg BT 187.89 707.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 220.99 707.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.33 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.11 707.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 272.00 707.10 Td (public ) Tj ET Q q 0 0 0 rg BT 299.56 707.10 Td (of) Tj ET Q q 0 0 0 rg BT 307.71 707.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 334.15 707.10 Td (amounting ) Tj ET Q q 0 0 0 rg BT 379.49 707.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.83 707.10 Td (5 ) Tj ET Q q 0 0 0 rg BT 402.39 707.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 436.34 707.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 453.90 707.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 476.46 707.10 Td (related ) Tj ET Q q 0 0 0 rg BT 506.23 707.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.57 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.35 707.10 Td (launch ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 64.76 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 79.41 695.10 Td (488 ) Tj ET Q q 0 0 0 rg BT 96.84 695.10 Td (GTB ) Tj ET Q q 0 0 0 rg BT 119.27 695.10 Td (and ) Tj ET Q q 0 0 0 rg BT 136.14 695.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 176.32 695.10 Td (events ) Tj ET Q q 0 0 0 rg BT 204.30 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.06 695.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 227.49 695.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 261.31 695.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 278.18 695.10 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 328.37 695.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 359.68 695.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 397.08 695.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 437.27 695.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 466.91 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.67 695.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 490.10 695.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 523.92 695.10 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 538.01 695.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 683.10 Td (related ) Tj ET Q q 0 0 0 rg BT 83.70 683.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.98 683.10 Td (new ) Tj ET Q q 0 0 0 rg BT 113.14 683.10 Td (store ) Tj ET Q q 0 0 0 rg BT 135.08 683.10 Td (openings ) Tj ET Q q 0 0 0 rg BT 173.69 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.52 683.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 197.02 683.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 230.91 683.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.85 683.10 Td (\(vi\) ) Tj ET Q q 0 0 0 rg BT 264.79 683.10 Td (an ) Tj ET Q q 0 0 0 rg BT 276.72 683.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 311.98 683.10 Td (in ) Tj ET Q q 0 0 0 rg BT 322.26 683.10 Td (other ) Tj ET Q q 0 0 0 rg BT 345.30 683.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 367.80 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.63 683.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 391.13 683.10 Td (million.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 659.10 Td (Resear) Tj ET Q q 0 0 0 rg BT 83.25 659.10 Td (ch ) Tj ET Q q 0 0 0 rg BT 95.75 659.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.37 659.10 Td (development ) Tj ET Q q 0 0 0 rg BT 171.31 659.10 Td (costs) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 576.60 150.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 576.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 576.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 576.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 576.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 576.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 576.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 576.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 576.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 576.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 576.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 576.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 576.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 530.60 150.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 530.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 530.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 530.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 530.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 530.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 530.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 530.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 530.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 530.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 530.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 530.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 530.60 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 622.6 m 263.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 622.6 m 267.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 622.6 m 322.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 622.6 m 326.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 622.6 m 381.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 622.6 m 385.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 622.6 m 440.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 622.6 m 499.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 622.6 m 503.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 622.6 m 558.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 590.6 m 263.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 590.6 m 322.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 590.6 m 381.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 590.6 m 440.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 590.6 m 499.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 590.6 m 503.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 590.6 m 558.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 590.6 m 263.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 590.6 m 322.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 590.6 m 381.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 590.6 m 440.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 590.6 m 499.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 590.6 m 503.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 590.6 m 558.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 530.6 m 263.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 517.6 m 263.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 515.6 m 263.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 530.6 m 322.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 517.6 m 322.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 515.6 m 322.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 530.6 m 381.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 517.6 m 381.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 515.6 m 381.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 530.6 m 440.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 517.6 m 440.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 515.6 m 440.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 530.6 m 499.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 517.6 m 499.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 515.6 m 499.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 530.6 m 558.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 517.6 m 558.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 515.6 m 558.5 515.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 242.35 627.05 Td (For) Tj ET Q q 0 0 0 rg BT 256.18 627.05 Td ( the thr) Tj ET Q q 0 0 0 rg BT 284.51 627.05 Td (ee months ended September) Tj ET Q q 0 0 0 rg BT 392.09 627.05 Td ( 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.15 627.05 Td (Increase/\(decrease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.50 595.05 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.30 613.05 Td (Percentage) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.60 604.05 Td (of net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 277.55 595.05 Td (revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.50 595.05 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.30 613.05 Td (Percentage) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.60 604.05 Td (of net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.55 595.05 Td (revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.60 595.05 Td (2015 vs. 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.45 580.85 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 567.06 Td (Amortization of capitalized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 558.06 Td (development costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 558.06 Td (31) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.75 558.06 Td (4.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 558.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 558.06 Td (31) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.75 558.06 Td (4.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 558.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 558.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.00 558.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 558.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 544.06 Td (Research and development costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 535.06 Td (expensed during the period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 535.06 Td (99) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.25 535.06 Td (13.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 535.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 535.06 Td (85) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.25 535.06 Td (12.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 535.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 535.06 Td (14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 535.06 Td (16.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 535.06 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 521.05 Td (Research and development costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 246.50 521.05 Td (130) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 297.25 521.05 Td (18.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 313.00 521.05 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.50 521.05 Td (116) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.25 521.05 Td (17.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.00 521.05 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.00 521.05 Td (14) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.25 521.05 Td (12.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 521.05 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 493.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 493.10 Td (Research ) Tj ET Q q 0 0 0 rg BT 128.67 493.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.14 493.10 Td (development ) Tj ET Q q 0 0 0 rg BT 198.81 493.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 220.84 493.10 Td (for ) Tj ET Q q 0 0 0 rg BT 234.53 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.77 493.10 Td (three ) Tj ET Q q 0 0 0 rg BT 270.78 493.10 Td (months ) Tj ET Q q 0 0 0 rg BT 302.26 493.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 328.16 493.10 Td (September ) Tj ET Q q 0 0 0 rg BT 372.95 493.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 387.48 493.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 409.50 493.10 Td (were ) Tj ET Q q 0 0 0 rg BT 430.96 493.10 Td (130 ) Tj ET Q q 0 0 0 rg BT 452.98 493.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 486.40 493.10 Td (an ) Tj ET Q q 0 0 0 rg BT 497.87 493.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 532.65 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 543.00 493.10 Td (14 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 481.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 88.15 481.10 Td (or ) Tj ET Q q 0 0 0 rg BT 99.23 481.10 Td (12.1 ) Tj ET Q q 0 0 0 rg BT 119.49 481.10 Td (percent, ) Tj ET Q q 0 0 0 rg BT 154.17 481.10 Td (from ) Tj ET Q q 0 0 0 rg BT 176.37 481.10 Td (1) Tj ET Q q 0 0 0 rg BT 185.99 481.10 Td (16 ) Tj ET Q q 0 0 0 rg BT 198.75 481.10 Td (million ) Tj ET Q q 0 0 0 rg BT 230.40 481.10 Td (for ) Tj ET Q q 0 0 0 rg BT 244.82 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.79 481.10 Td (three ) Tj ET Q q 0 0 0 rg BT 282.53 481.10 Td (months ) Tj ET Q q 0 0 0 rg BT 314.73 481.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 341.37 481.10 Td (September ) Tj ET Q q 0 0 0 rg BT 386.89 481.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 402.14 481.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 426.79 481.10 Td (As ) Tj ET Q q 0 0 0 rg BT 440.66 481.10 Td (a ) Tj ET Q q 0 0 0 rg BT 447.86 481.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 493.91 481.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.00 481.10 Td (net ) Tj ET Q q 0 0 0 rg BT 519.97 481.10 Td (revenues, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 469.10 Td (research ) Tj ET Q q 0 0 0 rg BT 90.04 469.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.21 469.10 Td (development ) Tj ET Q q 0 0 0 rg BT 161.59 469.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 184.32 469.10 Td (were ) Tj ET Q q 0 0 0 rg BT 206.48 469.10 Td (18.0 ) Tj ET Q q 0 0 0 rg BT 226.71 469.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 258.87 469.10 Td (for ) Tj ET Q q 0 0 0 rg BT 273.26 469.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.21 469.10 Td (three ) Tj ET Q q 0 0 0 rg BT 310.93 469.10 Td (months ) Tj ET Q q 0 0 0 rg BT 343.11 469.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 369.72 469.10 Td (September ) Tj ET Q q 0 0 0 rg BT 415.21 469.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 430.45 469.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 455.68 469.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 497.83 469.10 Td (to ) Tj ET Q q 0 0 0 rg BT 508.34 469.10 Td (17.5 ) Tj ET Q q 0 0 0 rg BT 528.58 469.10 Td (percent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 457.10 Td (for ) Tj ET Q q 0 0 0 rg BT 68.16 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.88 457.10 Td (three ) Tj ET Q q 0 0 0 rg BT 105.36 457.10 Td (months ) Tj ET Q q 0 0 0 rg BT 137.31 457.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 163.69 457.10 Td (September ) Tj ET Q q 0 0 0 rg BT 208.95 457.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 223.95 457.10 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 433.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 433.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.70 433.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 142.60 433.10 Td (in ) Tj ET Q q 0 0 0 rg BT 152.53 433.10 Td (research ) Tj ET Q q 0 0 0 rg BT 187.98 433.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.57 433.10 Td (development ) Tj ET Q q 0 0 0 rg BT 258.37 433.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 280.52 433.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 319.88 433.10 Td (during ) Tj ET Q q 0 0 0 rg BT 348.14 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.50 433.10 Td (period ) Tj ET Q q 0 0 0 rg BT 390.20 433.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.68 433.10 Td (14 ) Tj ET Q q 0 0 0 rg BT 417.83 433.10 Td (million ) Tj ET Q q 0 0 0 rg BT 448.87 433.10 Td (was ) Tj ET Q q 0 0 0 rg BT 466.57 433.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 505.94 433.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 533.63 433.10 Td (by ) Tj ET Q q 0 0 0 rg BT 545.78 433.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 421.10 Td (Formula ) Tj ET Q q 0 0 0 rg BT 90.39 421.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 97.89 421.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 136.49 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.42 421.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.70 421.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 204.51 421.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 241.98 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.70 421.10 Td (Group) Tj ET Q q 0 0 0 rg BT 285.03 421.10 Td (s ) Tj ET Q q 0 0 0 rg BT 291.42 421.10 Td (ef) Tj ET Q q 0 0 0 rg BT 299.01 421.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 319.84 421.10 Td (related ) Tj ET Q q 0 0 0 rg BT 349.54 421.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.82 421.10 Td (power ) Tj ET Q q 0 0 0 rg BT 387.31 421.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 405.37 421.10 Td (projects.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 397.10 Td (Other) Tj ET Q q 0 0 0 rg BT 79.37 397.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.87 397.10 Td (expenses/\(income\), ) Tj ET Q q 0 0 0 rg BT 164.07 397.10 Td (net) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 323.60 268.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 323.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 323.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 323.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 323.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 323.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 323.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 323.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 323.60 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 351.6 m 380.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 351.6 m 384.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 351.6 m 439.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 351.6 m 498.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 351.6 m 502.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 351.6 m 557.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 337.6 m 380.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 337.6 m 439.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 337.6 m 498.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 337.6 m 502.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 337.6 m 557.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 337.6 m 380.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 337.6 m 439.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 337.6 m 498.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 337.6 m 502.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 337.6 m 557.5 337.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 328.90 365.05 Td (For the three months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 354.55 356.05 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.15 356.05 Td (Increase/\(decrease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 343.50 342.05 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 402.50 342.05 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.60 342.05 Td (2015 vs. 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.45 327.85 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 314.06 Td (Other expenses/\(income\), net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.00 314.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 428.50 314.06 Td (\(9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.00 314.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.00 314.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.50 314.06 Td (9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.25 314.06 Td (\(100.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 314.06 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 286.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 286.10 Td (For ) Tj ET Q q 0 0 0 rg BT 106.79 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.91 286.10 Td (three ) Tj ET Q q 0 0 0 rg BT 144.80 286.10 Td (months ) Tj ET Q q 0 0 0 rg BT 177.15 286.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 203.93 286.10 Td (September ) Tj ET Q q 0 0 0 rg BT 249.60 286.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 265.00 286.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 290.41 286.10 Td (other ) Tj ET Q q 0 0 0 rg BT 313.85 286.10 Td (expenses/\(income\), ) Tj ET Q q 0 0 0 rg BT 394.23 286.10 Td (net ) Tj ET Q q 0 0 0 rg BT 409.35 286.10 Td (included ) Tj ET Q q 0 0 0 rg BT 446.68 286.10 Td (other ) Tj ET Q q 0 0 0 rg BT 470.13 286.10 Td (income ) Tj ET Q q 0 0 0 rg BT 502.47 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.70 286.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 526.61 286.10 Td (million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 274.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 83.84 274.10 Td (composed ) Tj ET Q q 0 0 0 rg BT 126.45 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.85 274.10 Td (a ) Tj ET Q q 0 0 0 rg BT 143.36 274.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 155.42 274.10 Td (million ) Tj ET Q q 0 0 0 rg BT 186.38 274.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 205.67 274.10 Td (on ) Tj ET Q q 0 0 0 rg BT 217.73 274.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 252.58 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.97 274.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 288.37 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.88 274.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 344.16 274.10 Td (related ) Tj ET Q q 0 0 0 rg BT 373.43 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.27 274.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 429.22 274.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 471.28 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.78 274.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 499.85 274.10 Td (million ) Tj ET Q q 0 0 0 rg BT 530.81 274.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 64.05 262.10 Td (miscellaneous ) Tj ET Q q 0 0 0 rg BT 122.97 262.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 157.18 262.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 178.34 262.10 Td (of) Tj ET Q q 0 0 0 rg BT 186.49 262.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 203.20 262.10 Td (by ) Tj ET Q q 0 0 0 rg BT 215.47 262.10 Td (other ) Tj ET Q q 0 0 0 rg BT 238.29 262.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 276.66 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.26 262.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 299.53 262.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 333.20 262.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 363.24 262.10 Td (composed ) Tj ET Q q 0 0 0 rg BT 406.06 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.66 262.10 Td (5 ) Tj ET Q q 0 0 0 rg BT 428.93 262.10 Td (million ) Tj ET Q q 0 0 0 rg BT 460.10 262.10 Td (related ) Tj ET Q q 0 0 0 rg BT 489.57 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 499.62 262.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 543.56 262.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 250.10 Td (4 ) Tj ET Q q 0 0 0 rg BT 66.50 250.10 Td (million ) Tj ET Q q 0 0 0 rg BT 97.89 250.10 Td (related ) Tj ET Q q 0 0 0 rg BT 127.59 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.87 250.10 Td (miscellaneous ) Tj ET Q q 0 0 0 rg BT 197.02 250.10 Td (expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 226.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 226.10 Td (For ) Tj ET Q q 0 0 0 rg BT 106.79 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.90 226.10 Td (three ) Tj ET Q q 0 0 0 rg BT 144.78 226.10 Td (months ) Tj ET Q q 0 0 0 rg BT 177.12 226.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 203.89 226.10 Td (September ) Tj ET Q q 0 0 0 rg BT 249.55 226.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 264.94 226.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 290.34 226.10 Td (other ) Tj ET Q q 0 0 0 rg BT 313.78 226.10 Td (expenses/\(income\), ) Tj ET Q q 0 0 0 rg BT 394.15 226.10 Td (net ) Tj ET Q q 0 0 0 rg BT 409.26 226.10 Td (included ) Tj ET Q q 0 0 0 rg BT 446.58 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.81 226.10 Td (miscellaneous ) Tj ET Q q 0 0 0 rg BT 517.35 226.10 Td (income ) Tj ET Q q 0 0 0 rg BT 549.68 226.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 214.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 66.50 214.10 Td (million.) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 41.20 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 731.25 Td (EBIT) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 648.75 150.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 648.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 648.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 648.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 648.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 648.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 648.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 648.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 648.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 648.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 648.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 648.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 648.75 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 694.75 m 263.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 694.75 m 267.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 694.75 m 322.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 694.75 m 326.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 694.75 m 381.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 694.75 m 385.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 694.75 m 440.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 694.75 m 499.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 694.75 m 503.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 694.75 m 558.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 662.75 m 263.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 662.75 m 322.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 662.75 m 381.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 662.75 m 440.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 662.75 m 499.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 662.75 m 503.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 662.75 m 558.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 662.75 m 263.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 662.75 m 322.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 662.75 m 381.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 662.75 m 440.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 662.75 m 499.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 662.75 m 503.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 662.75 m 558.5 662.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 242.35 699.20 Td (For) Tj ET Q q 0 0 0 rg BT 256.18 699.20 Td ( the thr) Tj ET Q q 0 0 0 rg BT 284.51 699.20 Td (ee months ended September) Tj ET Q q 0 0 0 rg BT 392.09 699.20 Td ( 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.15 699.20 Td (Increase/\(decrease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.50 667.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.30 685.20 Td (Percentage) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.60 676.20 Td (of net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 277.55 667.20 Td (revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.50 667.20 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.30 685.20 Td (Percentage) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.60 676.20 Td (of net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.55 667.20 Td (revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.60 667.20 Td (2015 vs. 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.45 653.00 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 639.21 Td (EBIT) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 246.50 639.21 Td (141) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 639.21 Td (19.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 639.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 639.21 Td (89) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.75 639.21 Td (13.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 639.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 639.21 Td (52) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 639.21 Td (58.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 639.21 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 611.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 611.25 Td (EBIT) Tj ET Q q 0 0 0 rg BT 112.04 611.25 Td ( ) Tj ET Q q 0 0 0 rg BT 114.77 611.25 Td (for ) Tj ET Q q 0 0 0 rg BT 129.16 611.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.11 611.25 Td (three ) Tj ET Q q 0 0 0 rg BT 166.83 611.25 Td (months ) Tj ET Q q 0 0 0 rg BT 199.01 611.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 225.62 611.25 Td (September ) Tj ET Q q 0 0 0 rg BT 271.11 611.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 286.34 611.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 309.07 611.25 Td (was ) Tj ET Q q 0 0 0 rg BT 327.36 611.25 Td (141 ) Tj ET Q q 0 0 0 rg BT 350.09 611.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 384.21 611.25 Td (an ) Tj ET Q q 0 0 0 rg BT 396.38 611.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 431.87 611.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.93 611.25 Td (52 ) Tj ET Q q 0 0 0 rg BT 460.66 611.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 494.79 611.25 Td (or ) Tj ET Q q 0 0 0 rg BT 505.85 611.25 Td (58.4 ) Tj ET Q q 0 0 0 rg BT 526.08 611.25 Td (percent, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 599.25 Td (from ) Tj ET Q q 0 0 0 rg BT 75.94 599.25 Td (89 ) Tj ET Q q 0 0 0 rg BT 93.44 599.25 Td (million ) Tj ET Q q 0 0 0 rg BT 124.83 599.25 Td (for ) Tj ET Q q 0 0 0 rg BT 138.99 599.25 Td (the ) Tj ET Q q 0 0 0 rg BT 153.71 599.25 Td (three ) Tj ET Q q 0 0 0 rg BT 176.19 599.25 Td (months ) Tj ET Q q 0 0 0 rg BT 208.14 599.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 234.52 599.25 Td (September ) Tj ET Q q 0 0 0 rg BT 279.78 599.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 294.78 599.25 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 575.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 575.25 Td (The ) Tj ET Q q 0 0 0 rg BT 108.12 575.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 143.44 575.25 Td (in ) Tj ET Q q 0 0 0 rg BT 153.79 575.25 Td (EBIT) Tj ET Q q 0 0 0 rg BT 175.82 575.25 Td ( ) Tj ET Q q 0 0 0 rg BT 178.39 575.25 Td (was ) Tj ET Q q 0 0 0 rg BT 196.52 575.25 Td (due ) Tj ET Q q 0 0 0 rg BT 213.52 575.25 Td (to ) Tj ET Q q 0 0 0 rg BT 223.87 575.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 235.88 575.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 276.20 575.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 308.77 575.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 338.55 575.25 Td (of ) Tj ET Q q 0 0 0 rg BT 349.45 575.25 Td (34 ) Tj ET Q q 0 0 0 rg BT 367.02 575.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 400.98 575.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 415.77 575.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 456.09 575.25 Td (product ) Tj ET Q q 0 0 0 rg BT 489.21 575.25 Td (mix ) Tj ET Q q 0 0 0 rg BT 507.34 575.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 537.12 575.25 Td (of ) Tj ET Q q 0 0 0 rg BT 548.02 575.25 Td (3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 563.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 87.86 563.25 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 105.33 563.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 145.55 563.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 176.90 563.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 214.35 563.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 254.57 563.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 284.25 563.25 Td (of ) Tj ET Q q 0 0 0 rg BT 295.05 563.25 Td (10 ) Tj ET Q q 0 0 0 rg BT 312.53 563.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 346.39 563.25 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 363.30 563.25 Td (a ) Tj ET Q q 0 0 0 rg BT 370.21 563.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 389.89 563.25 Td (on ) Tj ET Q q 0 0 0 rg BT 402.36 563.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 437.61 563.25 Td (of ) Tj ET Q q 0 0 0 rg BT 448.41 563.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 474.21 563.25 Td (and ) Tj ET Q q 0 0 0 rg BT 491.12 563.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 530.81 563.25 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 551.25 Td (to ) Tj ET Q q 0 0 0 rg BT 64.10 551.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 110.30 551.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 152.60 551.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.25 551.25 Td (6 ) Tj ET Q q 0 0 0 rg BT 175.57 551.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 209.28 551.25 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 223.26 551.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 264.99 551.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 287.31 551.25 Td (related ) Tj ET Q q 0 0 0 rg BT 316.83 551.25 Td (to ) Tj ET Q q 0 0 0 rg BT 326.92 551.25 Td (supporting ) Tj ET Q q 0 0 0 rg BT 372.02 551.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 410.44 551.25 Td (and ) Tj ET Q q 0 0 0 rg BT 427.19 551.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 464.49 551.25 Td (services ) Tj ET Q q 0 0 0 rg BT 499.02 551.25 Td (of ) Tj ET Q q 0 0 0 rg BT 509.67 551.25 Td (1) Tj ET Q q 0 0 0 rg BT 519.30 551.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 526.61 551.25 Td (million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 539.25 Td (and ) Tj ET Q q 0 0 0 rg BT 70.89 539.25 Td (\(vi\) ) Tj ET Q q 0 0 0 rg BT 87.79 539.25 Td (a ) Tj ET Q q 0 0 0 rg BT 94.68 539.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 131.55 539.25 Td (in ) Tj ET Q q 0 0 0 rg BT 141.79 539.25 Td (selling, ) Tj ET Q q 0 0 0 rg BT 173.41 539.25 Td (general ) Tj ET Q q 0 0 0 rg BT 205.29 539.25 Td (and ) Tj ET Q q 0 0 0 rg BT 222.18 539.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 281.85 539.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 304.30 539.25 Td (of ) Tj ET Q q 0 0 0 rg BT 315.09 539.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 327.54 539.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 361.39 539.25 Td (which ) Tj ET Q q 0 0 0 rg BT 388.29 539.25 Td (were ) Tj ET Q q 0 0 0 rg BT 410.17 539.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 445.95 539.25 Td (of) Tj ET Q q 0 0 0 rg BT 454.10 539.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 470.99 539.25 Td (by ) Tj ET Q q 0 0 0 rg BT 483.45 539.25 Td (\(vii\) ) Tj ET Q q 0 0 0 rg BT 503.12 539.25 Td (an ) Tj ET Q q 0 0 0 rg BT 515.02 539.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 550.23 539.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 527.25 Td (research ) Tj ET Q q 0 0 0 rg BT 89.81 527.25 Td (and ) Tj ET Q q 0 0 0 rg BT 106.74 527.25 Td (development ) Tj ET Q q 0 0 0 rg BT 160.89 527.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 183.39 527.25 Td (of ) Tj ET Q q 0 0 0 rg BT 194.22 527.25 Td (14 ) Tj ET Q q 0 0 0 rg BT 211.72 527.25 Td (million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 503.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 503.25 Td (The ) Tj ET Q q 0 0 0 rg BT 107.95 503.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 142.01 503.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 174.41 503.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 204.02 503.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.76 503.25 Td (34 ) Tj ET Q q 0 0 0 rg BT 232.16 503.25 Td (million ) Tj ET Q q 0 0 0 rg BT 263.45 503.25 Td (was ) Tj ET Q q 0 0 0 rg BT 281.40 503.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 321.02 503.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 348.96 503.25 Td (by ) Tj ET Q q 0 0 0 rg BT 361.37 503.25 Td (a ) Tj ET Q q 0 0 0 rg BT 368.21 503.25 Td (21.6 ) Tj ET Q q 0 0 0 rg BT 388.11 503.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 419.93 503.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 455.09 503.25 Td (in ) Tj ET Q q 0 0 0 rg BT 465.27 503.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 508.23 503.25 Td (of ) Tj ET Q q 0 0 0 rg BT 518.96 503.25 Td (range ) Tj ET Q q 0 0 0 rg BT 543.57 503.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 491.25 Td (special ) Tj ET Q q 0 0 0 rg BT 84.59 491.25 Td (series ) Tj ET Q q 0 0 0 rg BT 110.18 491.25 Td (cars, ) Tj ET Q q 0 0 0 rg BT 131.60 491.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 159.97 491.25 Td (by ) Tj ET Q q 0 0 0 rg BT 172.59 491.25 Td (V8 ) Tj ET Q q 0 0 0 rg BT 187.64 491.25 Td (models ) Tj ET Q q 0 0 0 rg BT 219.35 491.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.61 491.25 Td (in ) Tj ET Q q 0 0 0 rg BT 247.21 491.25 Td (particular) Tj ET Q q 0 0 0 rg BT 285.12 491.25 Td (, ) Tj ET Q q 0 0 0 rg BT 290.45 491.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.49 491.25 Td (California ) Tj ET Q q 0 0 0 rg BT 348.65 491.25 Td (T) Tj ET Q q 0 0 0 rg BT 354.58 491.25 Td ( ) Tj ET Q q 0 0 0 rg BT 357.40 491.25 Td (and ) Tj ET Q q 0 0 0 rg BT 374.66 491.25 Td (newly ) Tj ET Q q 0 0 0 rg BT 401.92 491.25 Td (launched ) Tj ET Q q 0 0 0 rg BT 440.84 491.25 Td (488 ) Tj ET Q q 0 0 0 rg BT 458.67 491.25 Td (GTB, ) Tj ET Q q 0 0 0 rg BT 483.99 491.25 Td (as ) Tj ET Q q 0 0 0 rg BT 495.14 491.25 Td (well ) Tj ET Q q 0 0 0 rg BT 515.18 491.25 Td (as ) Tj ET Q q 0 0 0 rg BT 526.34 491.25 Td (positive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 479.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 83.82 479.25 Td (from ) Tj ET Q q 0 0 0 rg BT 105.87 479.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.70 479.25 Td (personalization ) Tj ET Q q 0 0 0 rg BT 184.40 479.25 Td (program. ) Tj ET Q q 0 0 0 rg BT 223.39 479.25 Td ( ) Tj ET Q q 0 0 0 rg BT 225.81 479.25 Td (The ) Tj ET Q q 0 0 0 rg BT 243.97 479.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 278.25 479.25 Td (product ) Tj ET Q q 0 0 0 rg BT 311.40 479.25 Td (mix ) Tj ET Q q 0 0 0 rg BT 329.57 479.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 359.40 479.25 Td (of ) Tj ET Q q 0 0 0 rg BT 370.34 479.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 382.95 479.25 Td (million ) Tj ET Q q 0 0 0 rg BT 414.45 479.25 Td (was ) Tj ET Q q 0 0 0 rg BT 432.61 479.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 472.44 479.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 500.60 479.25 Td (by ) Tj ET Q q 0 0 0 rg BT 513.21 479.25 Td (an ) Tj ET Q q 0 0 0 rg BT 525.26 479.25 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 467.25 Td (in ) Tj ET Q q 0 0 0 rg BT 64.06 467.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 106.90 467.25 Td (of ) Tj ET Q q 0 0 0 rg BT 117.51 467.25 Td (the ) Tj ET Q q 0 0 0 rg BT 132.01 467.25 Td (LaFerrari ) Tj ET Q q 0 0 0 rg BT 172.05 467.25 Td (and ) Tj ET Q q 0 0 0 rg BT 188.77 467.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.27 467.25 Td (FXX ) Tj ET Q q 0 0 0 rg BT 225.56 467.25 Td (K, ) Tj ET Q q 0 0 0 rg BT 237.56 467.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 273.17 467.25 Td (of) Tj ET Q q 0 0 0 rg BT 281.31 467.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 298.04 467.25 Td (by ) Tj ET Q q 0 0 0 rg BT 310.32 467.25 Td (an ) Tj ET Q q 0 0 0 rg BT 322.04 467.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 357.08 467.25 Td (in ) Tj ET Q q 0 0 0 rg BT 367.14 467.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.64 467.25 Td (proportion ) Tj ET Q q 0 0 0 rg BT 426.14 467.25 Td (of ) Tj ET Q q 0 0 0 rg BT 436.75 467.25 Td (total ) Tj ET Q q 0 0 0 rg BT 456.81 467.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 499.64 467.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 548.01 467.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 455.25 Td (V8 ) Tj ET Q q 0 0 0 rg BT 68.92 455.25 Td (models. ) Tj ET Q q 0 0 0 rg BT 103.01 455.25 Td ( ) Tj ET Q q 0 0 0 rg BT 105.51 455.25 Td (The ) Tj ET Q q 0 0 0 rg BT 123.76 455.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 158.12 455.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 189.70 455.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 227.37 455.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 267.83 455.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 297.74 455.25 Td (was ) Tj ET Q q 0 0 0 rg BT 315.99 455.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 355.90 455.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 384.14 455.25 Td (by ) Tj ET Q q 0 0 0 rg BT 396.84 455.25 Td (the ) Tj ET Q q 0 0 0 rg BT 411.76 455.25 Td (strengthening ) Tj ET Q q 0 0 0 rg BT 468.89 455.25 Td (of ) Tj ET Q q 0 0 0 rg BT 479.92 455.25 Td (the ) Tj ET Q q 0 0 0 rg BT 494.84 455.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 515.32 455.25 Td (Dollar ) Tj ET Q q 0 0 0 rg BT 543.57 455.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 443.25 Td (Pound ) Tj ET Q q 0 0 0 rg BT 82.06 443.25 Td (Sterling ) Tj ET Q q 0 0 0 rg BT 116.23 443.25 Td (against ) Tj ET Q q 0 0 0 rg BT 147.05 443.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.77 443.25 Td (Euro, ) Tj ET Q q 0 0 0 rg BT 186.21 443.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 222.03 443.25 Td (of) Tj ET Q q 0 0 0 rg BT 230.18 443.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 247.12 443.25 Td (by ) Tj ET Q q 0 0 0 rg BT 259.62 443.25 Td (the ) Tj ET Q q 0 0 0 rg BT 274.33 443.25 Td (weakening ) Tj ET Q q 0 0 0 rg BT 320.15 443.25 Td (of ) Tj ET Q q 0 0 0 rg BT 330.98 443.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.69 443.25 Td (Japanese ) Tj ET Q q 0 0 0 rg BT 383.36 443.25 Td (Y) Tj ET Q q 0 0 0 rg BT 389.58 443.25 Td (en.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 419.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 419.25 Td (As ) Tj ET Q q 0 0 0 rg BT 103.44 419.25 Td (a ) Tj ET Q q 0 0 0 rg BT 110.20 419.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 155.83 419.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.49 419.25 Td (net ) Tj ET Q q 0 0 0 rg BT 181.03 419.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 221.39 419.25 Td (EBIT) Tj ET Q q 0 0 0 rg BT 243.43 419.25 Td ( ) Tj ET Q q 0 0 0 rg BT 245.75 419.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 285.83 419.25 Td (from ) Tj ET Q q 0 0 0 rg BT 307.60 419.25 Td (13.4 ) Tj ET Q q 0 0 0 rg BT 327.42 419.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 359.17 419.25 Td (for ) Tj ET Q q 0 0 0 rg BT 373.16 419.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.70 419.25 Td (three ) Tj ET Q q 0 0 0 rg BT 410.01 419.25 Td (months ) Tj ET Q q 0 0 0 rg BT 441.78 419.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 467.99 419.25 Td (September ) Tj ET Q q 0 0 0 rg BT 513.08 419.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 527.90 419.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 550.23 419.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 407.25 Td (19.5 ) Tj ET Q q 0 0 0 rg BT 73.74 407.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 105.39 407.25 Td (for ) Tj ET Q q 0 0 0 rg BT 119.29 407.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.74 407.25 Td (three ) Tj ET Q q 0 0 0 rg BT 155.96 407.25 Td (months ) Tj ET Q q 0 0 0 rg BT 187.65 407.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 213.76 407.25 Td (September ) Tj ET Q q 0 0 0 rg BT 258.76 407.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 273.49 407.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 298.23 407.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 328.24 407.25 Td (due ) Tj ET Q q 0 0 0 rg BT 344.91 407.25 Td (to ) Tj ET Q q 0 0 0 rg BT 354.92 407.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 373.27 407.25 Td (of ) Tj ET Q q 0 0 0 rg BT 383.83 407.25 Td (sales, ) Tj ET Q q 0 0 0 rg BT 408.01 407.25 Td (which ) Tj ET Q q 0 0 0 rg BT 434.68 407.25 Td (as ) Tj ET Q q 0 0 0 rg BT 445.25 407.25 Td (a ) Tj ET Q q 0 0 0 rg BT 451.92 407.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 497.46 407.25 Td (of ) Tj ET Q q 0 0 0 rg BT 508.02 407.25 Td (net ) Tj ET Q q 0 0 0 rg BT 522.47 407.25 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 395.25 Td (was ) Tj ET Q q 0 0 0 rg BT 71.18 395.25 Td (51.5 ) Tj ET Q q 0 0 0 rg BT 90.30 395.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 121.35 395.25 Td (for ) Tj ET Q q 0 0 0 rg BT 134.64 395.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.48 395.25 Td (three ) Tj ET Q q 0 0 0 rg BT 170.09 395.25 Td (months ) Tj ET Q q 0 0 0 rg BT 201.16 395.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 226.66 395.25 Td (September ) Tj ET Q q 0 0 0 rg BT 271.05 395.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 285.18 395.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 309.30 395.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 350.35 395.25 Td (to ) Tj ET Q q 0 0 0 rg BT 359.75 395.25 Td (58.0 ) Tj ET Q q 0 0 0 rg BT 378.88 395.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 409.93 395.25 Td (for ) Tj ET Q q 0 0 0 rg BT 423.21 395.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.05 395.25 Td (three ) Tj ET Q q 0 0 0 rg BT 458.67 395.25 Td (months ) Tj ET Q q 0 0 0 rg BT 489.74 395.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 515.24 395.25 Td (September ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 383.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 69.00 383.25 Td (2014.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 359.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 71.49 359.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 111.22 359.25 Td (income) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 285.75 268.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 285.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 285.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 285.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 285.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 285.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 285.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 285.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 285.75 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 313.75 m 381.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 313.75 m 385.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 313.75 m 440.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 313.75 m 499.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 313.75 m 503.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 313.75 m 558.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 299.75 m 381.5 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 299.75 m 440.5 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 299.75 m 499.5 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 299.75 m 503.5 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 299.75 m 558.5 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 299.75 m 381.5 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 299.75 m 440.5 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 299.75 m 499.5 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 299.75 m 503.5 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 299.75 m 558.5 299.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 329.90 327.20 Td (For) Tj ET Q q 0 0 0 rg BT 343.73 327.20 Td ( the thr) Tj ET Q q 0 0 0 rg BT 372.06 327.20 Td (ee months ended ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 355.55 318.20 Td (September) Tj ET Q q 0 0 0 rg BT 396.88 318.20 Td ( 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.15 318.20 Td (Increase/\(decrease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.50 304.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 403.50 304.20 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.60 304.20 Td (2015 vs. 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.45 290.00 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 276.21 Td (Net financial income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.50 276.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 276.21 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 276.21 Td (\(4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 276.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 276.21 Td (\(80.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.50 276.21 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 248.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 248.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 106.36 248.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 143.26 248.25 Td (income ) Tj ET Q q 0 0 0 rg BT 174.61 248.25 Td (for ) Tj ET Q q 0 0 0 rg BT 188.19 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 202.32 248.25 Td (three ) Tj ET Q q 0 0 0 rg BT 224.23 248.25 Td (months ) Tj ET Q q 0 0 0 rg BT 255.60 248.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 281.39 248.25 Td (September ) Tj ET Q q 0 0 0 rg BT 326.07 248.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 340.49 248.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 362.41 248.25 Td (were ) Tj ET Q q 0 0 0 rg BT 383.76 248.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 395.68 248.25 Td (million ) Tj ET Q q 0 0 0 rg BT 426.49 248.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 467.83 248.25 Td (to ) Tj ET Q q 0 0 0 rg BT 477.53 248.25 Td (net ) Tj ET Q q 0 0 0 rg BT 491.67 248.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 528.56 248.25 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 236.25 Td (of ) Tj ET Q q 0 0 0 rg BT 64.83 236.25 Td (5 ) Tj ET Q q 0 0 0 rg BT 77.33 236.25 Td (million ) Tj ET Q q 0 0 0 rg BT 108.72 236.25 Td (for ) Tj ET Q q 0 0 0 rg BT 122.88 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 137.60 236.25 Td (three ) Tj ET Q q 0 0 0 rg BT 160.08 236.25 Td (months ) Tj ET Q q 0 0 0 rg BT 192.03 236.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 218.41 236.25 Td (September ) Tj ET Q q 0 0 0 rg BT 263.67 236.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 278.67 236.25 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 224.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 212.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 212.25 Td (The ) Tj ET Q q 0 0 0 rg BT 108.25 212.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 145.37 212.25 Td (in ) Tj ET Q q 0 0 0 rg BT 155.85 212.25 Td (net ) Tj ET Q q 0 0 0 rg BT 170.77 212.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 208.46 212.25 Td (income ) Tj ET Q q 0 0 0 rg BT 240.59 212.25 Td (was ) Tj ET Q q 0 0 0 rg BT 258.85 212.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 287.10 212.25 Td (by ) Tj ET Q q 0 0 0 rg BT 299.81 212.25 Td (an ) Tj ET Q q 0 0 0 rg BT 311.95 212.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 347.41 212.25 Td (in ) Tj ET Q q 0 0 0 rg BT 357.89 212.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 395.57 212.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 434.38 212.25 Td (related ) Tj ET Q q 0 0 0 rg BT 464.28 212.25 Td (to ) Tj ET Q q 0 0 0 rg BT 474.76 212.25 Td (industrial ) Tj ET Q q 0 0 0 rg BT 515.24 212.25 Td (companies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 200.25 Td (and ) Tj ET Q q 0 0 0 rg BT 70.94 200.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 101.21 200.25 Td (related ) Tj ET Q q 0 0 0 rg BT 130.91 200.25 Td (to ) Tj ET Q q 0 0 0 rg BT 141.19 200.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 172.57 200.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 212.82 200.25 Td (losses.) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 41.20 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 731.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 56.50 731.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 90.66 731.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 106.49 731.10 Td (expense) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 657.60 268.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 657.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 657.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 657.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 657.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 657.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 657.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 657.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 657.60 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 685.6 m 381.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 685.6 m 385.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 685.6 m 440.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 685.6 m 499.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 685.6 m 503.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 685.6 m 558.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 671.6 m 381.5 671.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 671.6 m 440.5 671.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 671.6 m 499.5 671.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 671.6 m 503.5 671.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 671.6 m 558.5 671.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 671.6 m 381.5 671.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 671.6 m 440.5 671.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 671.6 m 499.5 671.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 671.6 m 503.5 671.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 671.6 m 558.5 671.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 329.90 699.05 Td (For) Tj ET Q q 0 0 0 rg BT 343.73 699.05 Td ( the thr) Tj ET Q q 0 0 0 rg BT 372.06 699.05 Td (ee months ended ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 355.55 690.05 Td (September) Tj ET Q q 0 0 0 rg BT 396.88 690.05 Td ( 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.25 689.83 Td (Increase/\(decrease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.50 676.05 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 403.50 676.05 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.60 676.05 Td (2015 vs. 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.45 661.85 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 648.06 Td (Income tax expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 648.06 Td (48) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 428.00 648.06 Td (36) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 648.06 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 648.06 Td (33.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 648.06 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 620.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 620.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 122.82 620.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 137.88 620.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 172.93 620.10 Td (for ) Tj ET Q q 0 0 0 rg BT 187.43 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.48 620.10 Td (three ) Tj ET Q q 0 0 0 rg BT 225.31 620.10 Td (months ) Tj ET Q q 0 0 0 rg BT 257.60 620.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 284.31 620.10 Td (September ) Tj ET Q q 0 0 0 rg BT 329.91 620.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 345.25 620.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 368.09 620.10 Td (was ) Tj ET Q q 0 0 0 rg BT 386.48 620.10 Td (48 ) Tj ET Q q 0 0 0 rg BT 404.32 620.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 438.55 620.10 Td (an ) Tj ET Q q 0 0 0 rg BT 450.83 620.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 486.43 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.60 620.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 515.43 620.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 549.67 620.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 608.10 Td (33.3 ) Tj ET Q q 0 0 0 rg BT 73.66 608.10 Td (percent, ) Tj ET Q q 0 0 0 rg BT 107.74 608.10 Td (from ) Tj ET Q q 0 0 0 rg BT 129.34 608.10 Td (36 ) Tj ET Q q 0 0 0 rg BT 146.50 608.10 Td (million ) Tj ET Q q 0 0 0 rg BT 177.55 608.10 Td (for ) Tj ET Q q 0 0 0 rg BT 191.37 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.75 608.10 Td (three ) Tj ET Q q 0 0 0 rg BT 227.89 608.10 Td (months ) Tj ET Q q 0 0 0 rg BT 259.50 608.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 285.54 608.10 Td (September ) Tj ET Q q 0 0 0 rg BT 330.46 608.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 345.12 608.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 369.62 608.10 Td (The ) Tj ET Q q 0 0 0 rg BT 387.33 608.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 422.24 608.10 Td (in ) Tj ET Q q 0 0 0 rg BT 432.18 608.10 Td (income ) Tj ET Q q 0 0 0 rg BT 463.78 608.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 478.15 608.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 512.52 608.10 Td (was ) Tj ET Q q 0 0 0 rg BT 530.23 608.10 Td (mainly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 596.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 101.44 596.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.12 596.10 Td (an ) Tj ET Q q 0 0 0 rg BT 122.46 596.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 157.12 596.10 Td (in ) Tj ET Q q 0 0 0 rg BT 166.80 596.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 190.92 596.10 Td (before ) Tj ET Q q 0 0 0 rg BT 218.36 596.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 240.81 596.10 Td (from ) Tj ET Q q 0 0 0 rg BT 262.16 596.10 Td (94 ) Tj ET Q q 0 0 0 rg BT 279.06 596.10 Td (million ) Tj ET Q q 0 0 0 rg BT 309.85 596.10 Td (for ) Tj ET Q q 0 0 0 rg BT 323.42 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.54 596.10 Td (three ) Tj ET Q q 0 0 0 rg BT 359.43 596.10 Td (months ) Tj ET Q q 0 0 0 rg BT 390.78 596.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 416.56 596.10 Td (September ) Tj ET Q q 0 0 0 rg BT 461.22 596.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 475.63 596.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 497.53 596.10 Td (to ) Tj ET Q q 0 0 0 rg BT 507.21 596.10 Td (142 ) Tj ET Q q 0 0 0 rg BT 529.12 596.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 584.10 Td (for ) Tj ET Q q 0 0 0 rg BT 68.78 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.12 584.10 Td (three ) Tj ET Q q 0 0 0 rg BT 107.23 584.10 Td (months ) Tj ET Q q 0 0 0 rg BT 139.80 584.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 166.80 584.10 Td (September ) Tj ET Q q 0 0 0 rg BT 212.69 584.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 228.31 584.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 253.71 584.10 Td (The ) Tj ET Q q 0 0 0 rg BT 272.38 584.10 Td (ef) Tj ET Q q 0 0 0 rg BT 279.96 584.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 310.29 584.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 325.63 584.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 343.74 584.10 Td (net ) Tj ET Q q 0 0 0 rg BT 359.07 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 370.53 584.10 Td (Italian ) Tj ET Q q 0 0 0 rg BT 399.19 584.10 Td (Regional ) Tj ET Q q 0 0 0 rg BT 438.42 584.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 471.30 584.10 Td (T) Tj ET Q q 0 0 0 rg BT 476.71 584.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 489.27 584.10 Td (\(IRAP\) ) Tj ET Q q 0 0 0 rg BT 521.84 584.10 Td (was ) Tj ET Q q 0 0 0 rg BT 540.51 584.10 Td (30.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 572.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 85.78 572.10 Td (for ) Tj ET Q q 0 0 0 rg BT 99.81 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.38 572.10 Td (three ) Tj ET Q q 0 0 0 rg BT 136.73 572.10 Td (months ) Tj ET Q q 0 0 0 rg BT 168.54 572.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 194.78 572.10 Td (September ) Tj ET Q q 0 0 0 rg BT 239.90 572.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 254.76 572.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 277.12 572.10 Td (as ) Tj ET Q q 0 0 0 rg BT 287.81 572.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 329.60 572.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.74 572.10 Td (34.8 ) Tj ET Q q 0 0 0 rg BT 359.60 572.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 391.38 572.10 Td (for ) Tj ET Q q 0 0 0 rg BT 405.40 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.98 572.10 Td (three ) Tj ET Q q 0 0 0 rg BT 442.33 572.10 Td (months ) Tj ET Q q 0 0 0 rg BT 474.14 572.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 500.37 572.10 Td (September ) Tj ET Q q 0 0 0 rg BT 545.50 572.10 Td (30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 560.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 79.03 560.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 118.77 560.10 Td (due ) Tj ET Q q 0 0 0 rg BT 135.74 560.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.05 560.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 181.89 560.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 196.64 560.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 236.38 560.10 Td (on ) Tj ET Q q 0 0 0 rg BT 248.91 560.10 Td (unremitted ) Tj ET Q q 0 0 0 rg BT 294.77 560.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 331.17 560.10 Td (that ) Tj ET Q q 0 0 0 rg BT 348.70 560.10 Td (we ) Tj ET Q q 0 0 0 rg BT 362.89 560.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 409.28 560.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.59 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.34 560.10 Td (three ) Tj ET Q q 0 0 0 rg BT 456.86 560.10 Td (months ) Tj ET Q q 0 0 0 rg BT 488.83 560.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 515.24 560.10 Td (September ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 548.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 69.00 548.10 Td (2014.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 530.70 Td (Nine ) Tj ET Q q 0 0 0 rg BT 76.50 530.70 Td (months ) Tj ET Q q 0 0 0 rg BT 110.67 530.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 138.74 530.70 Td (September) Tj ET Q q 0 0 0 rg BT 184.65 530.70 Td ( ) Tj ET Q q 0 0 0 rg BT 187.15 530.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 202.15 530.70 Td (2015 ) Tj ET Q q 0 0 0 rg BT 224.65 530.70 Td (compar) Tj ET Q q 0 0 0 rg BT 257.24 530.70 Td (ed ) Tj ET Q q 0 0 0 rg BT 269.74 530.70 Td (to ) Tj ET Q q 0 0 0 rg BT 280.57 530.70 Td (nine ) Tj ET Q q 0 0 0 rg BT 301.41 530.70 Td (months ) Tj ET Q q 0 0 0 rg BT 335.59 530.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 363.65 530.70 Td (September) Tj ET Q q 0 0 0 rg BT 409.57 530.70 Td ( ) Tj ET Q q 0 0 0 rg BT 412.07 530.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 427.07 530.70 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 506.70 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 506.70 Td (The ) Tj ET Q q 0 0 0 rg BT 108.03 506.70 Td (following ) Tj ET Q q 0 0 0 rg BT 149.41 506.70 Td (is ) Tj ET Q q 0 0 0 rg BT 158.57 506.70 Td (a ) Tj ET Q q 0 0 0 rg BT 165.49 506.70 Td (discussion ) Tj ET Q q 0 0 0 rg BT 209.65 506.70 Td (of ) Tj ET Q q 0 0 0 rg BT 220.47 506.70 Td (the ) Tj ET Q q 0 0 0 rg BT 235.17 506.70 Td (results ) Tj ET Q q 0 0 0 rg BT 263.77 506.70 Td (of ) Tj ET Q q 0 0 0 rg BT 274.59 506.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 318.73 506.70 Td (for ) Tj ET Q q 0 0 0 rg BT 332.88 506.70 Td (the ) Tj ET Q q 0 0 0 rg BT 347.58 506.70 Td (nine ) Tj ET Q q 0 0 0 rg BT 367.29 506.70 Td (months ) Tj ET Q q 0 0 0 rg BT 399.22 506.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 425.59 506.70 Td (September ) Tj ET Q q 0 0 0 rg BT 470.84 506.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 485.83 506.70 Td (2015 ) Tj ET Q q 0 0 0 rg BT 508.32 506.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 550.23 506.70 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 494.70 Td (the ) Tj ET Q q 0 0 0 rg BT 68.02 494.70 Td (nine ) Tj ET Q q 0 0 0 rg BT 87.04 494.70 Td (months ) Tj ET Q q 0 0 0 rg BT 118.29 494.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 143.97 494.70 Td (September ) Tj ET Q q 0 0 0 rg BT 188.54 494.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 202.84 494.70 Td (2014. ) Tj ET Q q 0 0 0 rg BT 227.01 494.70 Td (The ) Tj ET Q q 0 0 0 rg BT 244.36 494.70 Td (discussion ) Tj ET Q q 0 0 0 rg BT 287.84 494.70 Td (of ) Tj ET Q q 0 0 0 rg BT 297.97 494.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 326.98 494.70 Td (line ) Tj ET Q q 0 0 0 rg BT 343.77 494.70 Td (items ) Tj ET Q q 0 0 0 rg BT 367.24 494.70 Td (\(cost ) Tj ET Q q 0 0 0 rg BT 388.48 494.70 Td (of ) Tj ET Q q 0 0 0 rg BT 398.62 494.70 Td (sales, ) Tj ET Q q 0 0 0 rg BT 422.36 494.70 Td (selling, ) Tj ET Q q 0 0 0 rg BT 453.33 494.70 Td (general ) Tj ET Q q 0 0 0 rg BT 484.56 494.70 Td (and ) Tj ET Q q 0 0 0 rg BT 500.80 494.70 Td (administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 482.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 77.04 482.70 Td (and ) Tj ET Q q 0 0 0 rg BT 94.53 482.70 Td (research ) Tj ET Q q 0 0 0 rg BT 130.87 482.70 Td (and ) Tj ET Q q 0 0 0 rg BT 148.36 482.70 Td (development ) Tj ET Q q 0 0 0 rg BT 203.05 482.70 Td (costs\) ) Tj ET Q q 0 0 0 rg BT 229.42 482.70 Td (includes ) Tj ET Q q 0 0 0 rg BT 265.79 482.70 Td (a ) Tj ET Q q 0 0 0 rg BT 273.27 482.70 Td (presentation ) Tj ET Q q 0 0 0 rg BT 325.19 482.70 Td (of ) Tj ET Q q 0 0 0 rg BT 336.56 482.70 Td (such ) Tj ET Q q 0 0 0 rg BT 357.94 482.70 Td (line ) Tj ET Q q 0 0 0 rg BT 375.98 482.70 Td (items ) Tj ET Q q 0 0 0 rg BT 400.68 482.70 Td (as ) Tj ET Q q 0 0 0 rg BT 412.06 482.70 Td (a ) Tj ET Q q 0 0 0 rg BT 419.54 482.70 Td (percentage ) Tj ET Q q 0 0 0 rg BT 465.88 482.70 Td (of ) Tj ET Q q 0 0 0 rg BT 477.26 482.70 Td (net ) Tj ET Q q 0 0 0 rg BT 492.52 482.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 531.10 482.70 Td (for ) Tj ET Q q 0 0 0 rg BT 545.80 482.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 470.70 Td (respective ) Tj ET Q q 0 0 0 rg BT 97.03 470.70 Td (periods ) Tj ET Q q 0 0 0 rg BT 128.97 470.70 Td (presented, ) Tj ET Q q 0 0 0 rg BT 172.29 470.70 Td (to ) Tj ET Q q 0 0 0 rg BT 182.56 470.70 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 220.04 470.70 Td (period-to-period ) Tj ET Q q 0 0 0 rg BT 288.07 470.70 Td (comparisons.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 376.20 268.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 376.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 376.20 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 376.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 376.20 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 376.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 376.20 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 376.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 376.20 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 348.20 268.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 348.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 348.20 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 348.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 348.20 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 348.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 348.20 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 348.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 348.20 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 320.20 268.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 320.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 320.20 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 320.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 320.20 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 320.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 320.20 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 320.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 320.20 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 292.20 268.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 292.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 292.20 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 292.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 292.20 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 292.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 292.20 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 292.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 292.20 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 264.20 268.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 264.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 264.20 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 264.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 264.20 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 264.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 264.20 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 264.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 264.20 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 422.20000000000005 m 381.5 422.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 422.20000000000005 m 385.5 422.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 422.20000000000005 m 440.5 422.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 422.20000000000005 m 444.5 422.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 422.20000000000005 m 499.5 422.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 422.20000000000005 m 503.5 422.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 422.20000000000005 m 558.5 422.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 390.20000000000005 m 381.5 390.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 390.20000000000005 m 440.5 390.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 390.20000000000005 m 499.5 390.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 390.20000000000005 m 558.5 390.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 390.20000000000005 m 381.5 390.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 390.20000000000005 m 440.5 390.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 390.20000000000005 m 499.5 390.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 390.20000000000005 m 558.5 390.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 306.20000000000005 m 381.5 306.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 306.20000000000005 m 440.5 306.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 306.20000000000005 m 499.5 306.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 306.20000000000005 m 558.5 306.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 278.20000000000005 m 381.5 278.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 278.20000000000005 m 440.5 278.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 278.20000000000005 m 499.5 278.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 278.20000000000005 m 558.5 278.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 250.20000000000005 m 381.5 250.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 237.20000000000005 m 381.5 237.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 235.20000000000005 m 381.5 235.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 250.20000000000005 m 440.5 250.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 237.20000000000005 m 440.5 237.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 235.20000000000005 m 440.5 235.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 250.20000000000005 m 499.5 250.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 237.20000000000005 m 499.5 237.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 235.20000000000005 m 499.5 235.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 250.20000000000005 m 558.5 250.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 237.20000000000005 m 558.5 237.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 235.20000000000005 m 558.5 235.20000000000005 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 188.00 427.06 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.00 427.15 Td (For the nine months ended September30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.50 394.65 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.30 412.65 Td (Percentage) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.60 403.65 Td (of net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.55 394.65 Td (revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.50 394.65 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 509.30 412.65 Td (Percentage) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.60 403.65 Td (of net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 513.55 394.65 Td (revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.45 381.30 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 367.06 Td (Net revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 357.75 367.06 Td (2,110) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.25 367.06 Td (100.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 367.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.75 367.06 Td (2,011) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.25 367.06 Td (100.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 367.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 353.06 Td (Cost of sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 357.75 353.06 Td (1,094) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.75 353.06 Td (51.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 353.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.75 353.06 Td (1,122) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.75 353.06 Td (55.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 353.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 339.06 Td (Selling, general and administrative costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 339.06 Td (232) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.75 339.06 Td (11.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 339.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.50 339.06 Td (225) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.75 339.06 Td (11.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 339.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 325.06 Td (Research and development costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 325.06 Td (421) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.75 325.06 Td (20.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 325.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.50 325.06 Td (392) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.75 325.06 Td (19.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 325.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 311.06 Td (Other expenses/\(income\), net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.50 311.06 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.25 311.06 Td (0.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 311.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 311.06 Td (\(2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 311.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 311.06 Td (\(0.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.50 311.06 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 297.15 Td (EBIT) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.50 297.15 Td (359) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 413.75 297.15 Td (17.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.00 297.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 482.50 297.15 Td (274) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.75 297.15 Td (13.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 297.15 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 283.06 Td (Net financial \(expenses\)/income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.50 283.06 Td (\(5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.00 283.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.25 283.06 Td (\(0.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.50 283.06 Td (\)%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.50 283.06 Td (7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 283.06 Td (0.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 283.06 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 269.15 Td (Profit before taxes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.50 269.15 Td (354) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 413.75 269.15 Td (16.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.00 269.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 482.50 269.15 Td (281) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.75 269.15 Td (14.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 269.15 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 255.06 Td (Income tax expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 255.06 Td (119) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.25 255.06 Td (5.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 255.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 255.06 Td (95) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 255.06 Td (4.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 255.06 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 241.15 Td (Net profit) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.50 241.15 Td (235) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 413.75 241.15 Td (11.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.00 241.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 482.50 241.15 Td (186) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.25 241.15 Td (9.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 241.15 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 41.20 Td (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 731.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 71.49 731.25 Td (r) Tj ET Q q 0 0 0 rg BT 75.75 731.25 Td (evenues) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 661.75 150.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 661.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 661.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 661.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 661.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 661.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 661.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 661.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 661.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 661.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 661.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 661.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 661.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 633.75 150.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 633.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 633.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 633.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 633.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 633.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 633.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 633.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 633.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 633.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 633.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 633.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 633.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 605.75 150.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 605.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 605.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 605.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 605.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 605.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 605.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 605.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 605.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 605.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 605.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 605.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 605.75 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 706.75 m 263.5 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 706.75 m 267.5 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 706.75 m 322.5 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 706.75 m 326.5 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 706.75 m 381.5 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 706.75 m 385.5 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 706.75 m 440.5 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 706.75 m 499.5 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 706.75 m 503.5 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 706.75 m 558.5 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 674.75 m 263.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 674.75 m 322.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 674.75 m 381.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 674.75 m 440.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 674.75 m 499.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 674.75 m 503.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 674.75 m 558.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 674.75 m 263.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 674.75 m 322.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 674.75 m 381.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 674.75 m 440.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 674.75 m 499.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 674.75 m 503.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 674.75 m 558.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 605.75 m 263.5 605.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 592.75 m 263.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 590.75 m 263.5 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 605.75 m 322.5 605.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 592.75 m 322.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 590.75 m 322.5 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 605.75 m 381.5 605.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 592.75 m 381.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 590.75 m 381.5 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 605.75 m 440.5 605.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 592.75 m 440.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 590.75 m 440.5 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 605.75 m 499.5 605.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 592.75 m 499.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 590.75 m 499.5 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 605.75 m 558.5 605.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 592.75 m 558.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 590.75 m 558.5 590.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 711.20 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 244.00 711.20 Td (For the nine months ended September 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.00 711.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.15 711.20 Td (Increase/\(decrease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.50 679.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.30 697.20 Td (Percentage) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.60 688.20 Td (of net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 277.55 679.20 Td (revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.50 679.20 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.30 697.20 Td (Percentage) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.60 688.20 Td (of net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.55 679.20 Td (revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.00 679.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.60 679.20 Td (2015 vs. 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.45 666.00 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 652.21 Td (Cars and spare parts) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 129.73 656.29 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.75 652.21 Td (1,545) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.25 652.21 Td (73.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 652.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 357.75 652.21 Td (1,412) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.25 652.21 Td (70.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 652.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.00 652.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.50 652.21 Td (133) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 652.21 Td (9.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 652.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 638.21 Td (Engines) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 86.00 642.29 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 246.50 638.21 Td (172) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.75 638.21 Td (8.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 638.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 638.21 Td (228) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.25 638.21 Td (11.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 638.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.00 638.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 638.21 Td (\(56) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 638.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 638.21 Td (\(24.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.50 638.21 Td (\)%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 624.21 Td (Sponsorship, commercial and brand) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 186.47 628.29 Td (\(3\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 246.50 624.21 Td (322) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.25 624.21 Td (15.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 624.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 624.21 Td (309) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.25 624.21 Td (15.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 624.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.00 624.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 624.21 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 624.21 Td (4.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 624.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 610.21 Td (Other) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 77.49 614.29 Td (\(4\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 610.21 Td (71) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.75 610.21 Td (3.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 610.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 610.21 Td (62) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.75 610.21 Td (3.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 610.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.00 610.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.50 610.21 Td (9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.75 610.21 Td (14.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 610.21 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 596.20 Td (Total net revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 239.75 596.20 Td (2,110) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 292.75 596.20 Td (100.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 313.00 596.20 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 357.75 596.20 Td (2,011) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.75 596.20 Td (100.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.00 596.20 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.00 596.20 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.00 596.20 Td (99) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.25 596.20 Td (4.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 596.20 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 54.00 581.45 Td (_________________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 571.85 Td (\(1\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 571.85 Td (Includes ) Tj ET Q q 0 0 0 rg BT 101.03 571.85 Td (the ) Tj ET Q q 0 0 0 rg BT 112.73 571.85 Td (net ) Tj ET Q q 0 0 0 rg BT 124.43 571.85 Td (r) Tj ET Q q 0 0 0 rg BT 127.25 571.85 Td (evenues ) Tj ET Q q 0 0 0 rg BT 154.49 571.85 Td (generated ) Tj ET Q q 0 0 0 rg BT 188.40 571.85 Td (fr) Tj ET Q q 0 0 0 rg BT 193.44 571.85 Td (om ) Tj ET Q q 0 0 0 rg BT 205.15 571.85 Td (shipments ) Tj ET Q q 0 0 0 rg BT 239.07 571.85 Td (of ) Tj ET Q q 0 0 0 rg BT 247.22 571.85 Td (our ) Tj ET Q q 0 0 0 rg BT 260.26 571.85 Td (cars, ) Tj ET Q q 0 0 0 rg BT 277.97 571.85 Td (including ) Tj ET Q q 0 0 0 rg BT 310.11 571.85 Td (any ) Tj ET Q q 0 0 0 rg BT 323.59 571.85 Td (personalization ) Tj ET Q q 0 0 0 rg BT 375.30 571.85 Td (r) Tj ET Q q 0 0 0 rg BT 378.11 571.85 Td (evenue ) Tj ET Q q 0 0 0 rg BT 402.24 571.85 Td (generated ) Tj ET Q q 0 0 0 rg BT 436.16 571.85 Td (on ) Tj ET Q q 0 0 0 rg BT 446.09 571.85 Td (these ) Tj ET Q q 0 0 0 rg BT 464.45 571.85 Td (cars ) Tj ET Q q 0 0 0 rg BT 480.15 571.85 Td (and ) Tj ET Q q 0 0 0 rg BT 494.08 571.85 Td (sales ) Tj ET Q q 0 0 0 rg BT 512.01 571.85 Td (of ) Tj ET Q q 0 0 0 rg BT 520.16 571.85 Td (spar) Tj ET Q q 0 0 0 rg BT 534.09 571.85 Td (e ) Tj ET Q q 0 0 0 rg BT 539.56 571.85 Td (parts. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 562.25 Td (\(2\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 562.25 Td (Includes ) Tj ET Q q 0 0 0 rg BT 101.36 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 113.39 562.25 Td (net ) Tj ET Q q 0 0 0 rg BT 125.42 562.25 Td (r) Tj ET Q q 0 0 0 rg BT 128.24 562.25 Td (evenues ) Tj ET Q q 0 0 0 rg BT 155.81 562.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 190.06 562.25 Td (fr) Tj ET Q q 0 0 0 rg BT 195.10 562.25 Td (om ) Tj ET Q q 0 0 0 rg BT 207.13 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.16 562.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 234.31 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 242.79 562.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 269.48 562.25 Td (to ) Tj ET Q q 0 0 0 rg BT 277.96 562.25 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 309.11 562.25 Td (for ) Tj ET Q q 0 0 0 rg BT 320.70 562.25 Td (use ) Tj ET Q q 0 0 0 rg BT 333.63 562.25 Td (in ) Tj ET Q q 0 0 0 rg BT 342.11 562.25 Td (their ) Tj ET Q q 0 0 0 rg BT 359.47 562.25 Td (cars ) Tj ET Q q 0 0 0 rg BT 375.51 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 389.77 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 401.80 562.25 Td (r) Tj ET Q q 0 0 0 rg BT 404.61 562.25 Td (evenues ) Tj ET Q q 0 0 0 rg BT 432.19 562.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 466.43 562.25 Td (fr) Tj ET Q q 0 0 0 rg BT 471.47 562.25 Td (om ) Tj ET Q q 0 0 0 rg BT 483.51 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 495.54 562.25 Td (r) Tj ET Q q 0 0 0 rg BT 498.36 562.25 Td (ental ) Tj ET Q q 0 0 0 rg BT 516.61 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 525.09 562.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 551.79 562.25 Td (to ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 552.65 Td (other ) Tj ET Q q 0 0 0 rg BT 90.89 552.65 Td (Formula ) Tj ET Q q 0 0 0 rg BT 120.89 552.65 Td (1 ) Tj ET Q q 0 0 0 rg BT 126.89 552.65 Td (racing ) Tj ET Q q 0 0 0 rg BT 149.77 552.65 Td (teams.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 543.05 Td (\(3\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 543.05 Td (Includes ) Tj ET Q q 0 0 0 rg BT 101.24 543.05 Td (the ) Tj ET Q q 0 0 0 rg BT 113.16 543.05 Td (net ) Tj ET Q q 0 0 0 rg BT 125.07 543.05 Td (r) Tj ET Q q 0 0 0 rg BT 127.89 543.05 Td (evenues ) Tj ET Q q 0 0 0 rg BT 155.34 543.05 Td (earned ) Tj ET Q q 0 0 0 rg BT 179.70 543.05 Td (by ) Tj ET Q q 0 0 0 rg BT 189.39 543.05 Td (our ) Tj ET Q q 0 0 0 rg BT 202.64 543.05 Td (Formula ) Tj ET Q q 0 0 0 rg BT 232.79 543.05 Td (1 ) Tj ET Q q 0 0 0 rg BT 238.93 543.05 Td (racing ) Tj ET Q q 0 0 0 rg BT 261.95 543.05 Td (team ) Tj ET Q q 0 0 0 rg BT 279.64 543.05 Td (thr) Tj ET Q q 0 0 0 rg BT 288.68 543.05 Td (ough ) Tj ET Q q 0 0 0 rg BT 306.82 543.05 Td (sponsorship ) Tj ET Q q 0 0 0 rg BT 347.64 543.05 Td (agr) Tj ET Q q 0 0 0 rg BT 358.46 543.05 Td (eements ) Tj ET Q q 0 0 0 rg BT 386.36 543.05 Td (and ) Tj ET Q q 0 0 0 rg BT 400.50 543.05 Td (our ) Tj ET Q q 0 0 0 rg BT 413.76 543.05 Td (shar) Tj ET Q q 0 0 0 rg BT 427.69 543.05 Td (e ) Tj ET Q q 0 0 0 rg BT 433.38 543.05 Td (of ) Tj ET Q q 0 0 0 rg BT 441.74 543.05 Td (the ) Tj ET Q q 0 0 0 rg BT 453.66 543.05 Td (Formula ) Tj ET Q q 0 0 0 rg BT 483.80 543.05 Td (1 ) Tj ET Q q 0 0 0 rg BT 489.94 543.05 Td (W) Tj ET Q q 0 0 0 rg BT 495.87 543.05 Td (orld ) Tj ET Q q 0 0 0 rg BT 511.34 543.05 Td (Championship ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 533.45 Td (commer) Tj ET Q q 0 0 0 rg BT 97.47 533.45 Td (cial ) Tj ET Q q 0 0 0 rg BT 111.47 533.45 Td (r) Tj ET Q q 0 0 0 rg BT 114.29 533.45 Td (evenues ) Tj ET Q q 0 0 0 rg BT 141.60 533.45 Td (and ) Tj ET Q q 0 0 0 rg BT 155.60 533.45 Td (net ) Tj ET Q q 0 0 0 rg BT 167.38 533.45 Td (r) Tj ET Q q 0 0 0 rg BT 170.19 533.45 Td (evenues ) Tj ET Q q 0 0 0 rg BT 197.51 533.45 Td (generated ) Tj ET Q q 0 0 0 rg BT 231.50 533.45 Td (thr) Tj ET Q q 0 0 0 rg BT 240.54 533.45 Td (ough ) Tj ET Q q 0 0 0 rg BT 258.54 533.45 Td (the ) Tj ET Q q 0 0 0 rg BT 270.31 533.45 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 296.31 533.45 Td (brand, ) Tj ET Q q 0 0 0 rg BT 319.42 533.45 Td (including ) Tj ET Q q 0 0 0 rg BT 351.64 533.45 Td (mer) Tj ET Q q 0 0 0 rg BT 363.79 533.45 Td (chandising, ) Tj ET Q q 0 0 0 rg BT 402.89 533.45 Td (licensing ) Tj ET Q q 0 0 0 rg BT 433.78 533.45 Td (and ) Tj ET Q q 0 0 0 rg BT 447.78 533.45 Td (r) Tj ET Q q 0 0 0 rg BT 450.59 533.45 Td (oyalty ) Tj ET Q q 0 0 0 rg BT 472.14 533.45 Td (income.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 522.65 Td (\(4\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 522.65 Td (Primarily ) Tj ET Q q 0 0 0 rg BT 105.11 522.65 Td (includes ) Tj ET Q q 0 0 0 rg BT 133.77 522.65 Td (inter) Tj ET Q q 0 0 0 rg BT 148.58 522.65 Td (est ) Tj ET Q q 0 0 0 rg BT 159.47 522.65 Td (income ) Tj ET Q q 0 0 0 rg BT 184.57 522.65 Td (generated ) Tj ET Q q 0 0 0 rg BT 218.56 522.65 Td (by ) Tj ET Q q 0 0 0 rg BT 228.11 522.65 Td (the ) Tj ET Q q 0 0 0 rg BT 239.88 522.65 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 265.88 522.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 298.99 522.65 Td (Services ) Tj ET Q q 0 0 0 rg BT 327.64 522.65 Td (gr) Tj ET Q q 0 0 0 rg BT 334.46 522.65 Td (oup ) Tj ET Q q 0 0 0 rg BT 348.46 522.65 Td (and ) Tj ET Q q 0 0 0 rg BT 362.46 522.65 Td (net ) Tj ET Q q 0 0 0 rg BT 374.23 522.65 Td (r) Tj ET Q q 0 0 0 rg BT 377.05 522.65 Td (evenues ) Tj ET Q q 0 0 0 rg BT 404.36 522.65 Td (fr) Tj ET Q q 0 0 0 rg BT 409.40 522.65 Td (om ) Tj ET Q q 0 0 0 rg BT 421.18 522.65 Td (the ) Tj ET Q q 0 0 0 rg BT 432.95 522.65 Td (management ) Tj ET Q q 0 0 0 rg BT 475.83 522.65 Td (of ) Tj ET Q q 0 0 0 rg BT 484.05 522.65 Td (the ) Tj ET Q q 0 0 0 rg BT 495.83 522.65 Td (Mugello ) Tj ET Q q 0 0 0 rg BT 524.49 522.65 Td (racetrack.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 557.14 522.65 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 511.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 489.05 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 489.05 Td (Net ) Tj ET Q q 0 0 0 rg BT 107.21 489.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 145.52 489.05 Td (for ) Tj ET Q q 0 0 0 rg BT 159.95 489.05 Td (the ) Tj ET Q q 0 0 0 rg BT 174.94 489.05 Td (nine ) Tj ET Q q 0 0 0 rg BT 194.92 489.05 Td (months ) Tj ET Q q 0 0 0 rg BT 227.14 489.05 Td (ended ) Tj ET Q q 0 0 0 rg BT 253.79 489.05 Td (September ) Tj ET Q q 0 0 0 rg BT 299.33 489.05 Td (30, ) Tj ET Q q 0 0 0 rg BT 314.60 489.05 Td (2015 ) Tj ET Q q 0 0 0 rg BT 337.37 489.05 Td (were ) Tj ET Q q 0 0 0 rg BT 359.57 489.05 Td (2,1) Tj ET Q q 0 0 0 rg BT 376.70 489.05 Td (10 ) Tj ET Q q 0 0 0 rg BT 389.47 489.05 Td (million, ) Tj ET Q q 0 0 0 rg BT 423.63 489.05 Td (an ) Tj ET Q q 0 0 0 rg BT 435.84 489.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 471.36 489.05 Td (of ) Tj ET Q q 0 0 0 rg BT 482.47 489.05 Td (99 ) Tj ET Q q 0 0 0 rg BT 500.24 489.05 Td (million, ) Tj ET Q q 0 0 0 rg BT 534.40 489.05 Td (or ) Tj ET Q q 0 0 0 rg BT 545.50 489.05 Td (4.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 477.05 Td (percent ) Tj ET Q q 0 0 0 rg BT 85.85 477.05 Td (\(a ) Tj ET Q q 0 0 0 rg BT 96.04 477.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 132.87 477.05 Td (of ) Tj ET Q q 0 0 0 rg BT 143.62 477.05 Td (2.0 ) Tj ET Q q 0 0 0 rg BT 158.55 477.05 Td (percent ) Tj ET Q q 0 0 0 rg BT 190.39 477.05 Td (on ) Tj ET Q q 0 0 0 rg BT 202.81 477.05 Td (a ) Tj ET Q q 0 0 0 rg BT 209.67 477.05 Td (constant ) Tj ET Q q 0 0 0 rg BT 245.42 477.05 Td (currency ) Tj ET Q q 0 0 0 rg BT 282.82 477.05 Td (basis\), ) Tj ET Q q 0 0 0 rg BT 311.07 477.05 Td (from ) Tj ET Q q 0 0 0 rg BT 332.93 477.05 Td (2,01) Tj ET Q q 0 0 0 rg BT 355.06 477.05 Td (1 ) Tj ET Q q 0 0 0 rg BT 362.48 477.05 Td (million ) Tj ET Q q 0 0 0 rg BT 393.79 477.05 Td (for ) Tj ET Q q 0 0 0 rg BT 407.88 477.05 Td (the ) Tj ET Q q 0 0 0 rg BT 422.52 477.05 Td (nine ) Tj ET Q q 0 0 0 rg BT 442.15 477.05 Td (months ) Tj ET Q q 0 0 0 rg BT 474.02 477.05 Td (ended ) Tj ET Q q 0 0 0 rg BT 500.32 477.05 Td (September ) Tj ET Q q 0 0 0 rg BT 545.51 477.05 Td (30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 465.05 Td (2014.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 441.05 Td (Cars ) Tj ET Q q 0 0 0 rg BT 75.95 441.05 Td (and ) Tj ET Q q 0 0 0 rg BT 94.01 441.05 Td (spare ) Tj ET Q q 0 0 0 rg BT 118.74 441.05 Td (parts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 417.05 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 417.05 Td (Net ) Tj ET Q q 0 0 0 rg BT 106.70 417.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 144.49 417.05 Td (generated ) Tj ET Q q 0 0 0 rg BT 185.61 417.05 Td (from ) Tj ET Q q 0 0 0 rg BT 207.31 417.05 Td (cars ) Tj ET Q q 0 0 0 rg BT 225.67 417.05 Td (and ) Tj ET Q q 0 0 0 rg BT 242.36 417.05 Td (spare ) Tj ET Q q 0 0 0 rg BT 265.72 417.05 Td (parts ) Tj ET Q q 0 0 0 rg BT 287.42 417.05 Td (were ) Tj ET Q q 0 0 0 rg BT 309.10 417.05 Td (1,545 ) Tj ET Q q 0 0 0 rg BT 338.86 417.05 Td (million ) Tj ET Q q 0 0 0 rg BT 370.01 417.05 Td (for ) Tj ET Q q 0 0 0 rg BT 383.93 417.05 Td (the ) Tj ET Q q 0 0 0 rg BT 398.41 417.05 Td (nine ) Tj ET Q q 0 0 0 rg BT 417.88 417.05 Td (months ) Tj ET Q q 0 0 0 rg BT 449.59 417.05 Td (ended ) Tj ET Q q 0 0 0 rg BT 475.72 417.05 Td (September ) Tj ET Q q 0 0 0 rg BT 520.74 417.05 Td (30, ) Tj ET Q q 0 0 0 rg BT 535.50 417.05 Td (2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 405.05 Td (an ) Tj ET Q q 0 0 0 rg BT 66.10 405.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 101.51 405.05 Td (of ) Tj ET Q q 0 0 0 rg BT 112.51 405.05 Td (133 ) Tj ET Q q 0 0 0 rg BT 135.17 405.05 Td (million, ) Tj ET Q q 0 0 0 rg BT 169.22 405.05 Td (or ) Tj ET Q q 0 0 0 rg BT 180.21 405.05 Td (9.4 ) Tj ET Q q 0 0 0 rg BT 195.37 405.05 Td (percent, ) Tj ET Q q 0 0 0 rg BT 229.96 405.05 Td (from ) Tj ET Q q 0 0 0 rg BT 252.06 405.05 Td (1,412 ) Tj ET Q q 0 0 0 rg BT 282.22 405.05 Td (million ) Tj ET Q q 0 0 0 rg BT 313.77 405.05 Td (for ) Tj ET Q q 0 0 0 rg BT 328.09 405.05 Td (the ) Tj ET Q q 0 0 0 rg BT 342.97 405.05 Td (nine ) Tj ET Q q 0 0 0 rg BT 362.85 405.05 Td (months ) Tj ET Q q 0 0 0 rg BT 394.96 405.05 Td (ended ) Tj ET Q q 0 0 0 rg BT 421.50 405.05 Td (September ) Tj ET Q q 0 0 0 rg BT 466.92 405.05 Td (30, ) Tj ET Q q 0 0 0 rg BT 482.08 405.05 Td (2014. ) Tj ET Q q 0 0 0 rg BT 507.05 405.05 Td (The ) Tj ET Q q 0 0 0 rg BT 525.26 405.05 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 393.05 Td (was ) Tj ET Q q 0 0 0 rg BT 71.97 393.05 Td (attributable ) Tj ET Q q 0 0 0 rg BT 119.92 393.05 Td (to ) Tj ET Q q 0 0 0 rg BT 130.12 393.05 Td (a ) Tj ET Q q 0 0 0 rg BT 136.97 393.05 Td (1) Tj ET Q q 0 0 0 rg BT 146.60 393.05 Td (13 ) Tj ET Q q 0 0 0 rg BT 159.01 393.05 Td (million ) Tj ET Q q 0 0 0 rg BT 190.32 393.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 225.49 393.05 Td (in ) Tj ET Q q 0 0 0 rg BT 235.69 393.05 Td (net ) Tj ET Q q 0 0 0 rg BT 250.32 393.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 288.27 393.05 Td (from ) Tj ET Q q 0 0 0 rg BT 310.13 393.05 Td (supercars ) Tj ET Q q 0 0 0 rg BT 350.30 393.05 Td (and ) Tj ET Q q 0 0 0 rg BT 367.16 393.05 Td (limited ) Tj ET Q q 0 0 0 rg BT 397.90 393.05 Td (edition ) Tj ET Q q 0 0 0 rg BT 428.09 393.05 Td (cars, ) Tj ET Q q 0 0 0 rg BT 449.11 393.05 Td (driven ) Tj ET Q q 0 0 0 rg BT 477.07 393.05 Td (by ) Tj ET Q q 0 0 0 rg BT 489.49 393.05 Td (higher ) Tj ET Q q 0 0 0 rg BT 517.45 393.05 Td (shipments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 381.05 Td (of ) Tj ET Q q 0 0 0 rg BT 64.96 381.05 Td (the ) Tj ET Q q 0 0 0 rg BT 79.82 381.05 Td (LaFerrari ) Tj ET Q q 0 0 0 rg BT 120.20 381.05 Td (and ) Tj ET Q q 0 0 0 rg BT 137.28 381.05 Td (the ) Tj ET Q q 0 0 0 rg BT 152.13 381.05 Td (FXX ) Tj ET Q q 0 0 0 rg BT 174.77 381.05 Td (K, ) Tj ET Q q 0 0 0 rg BT 187.12 381.05 Td (and ) Tj ET Q q 0 0 0 rg BT 204.20 381.05 Td (a ) Tj ET Q q 0 0 0 rg BT 211.27 381.05 Td (20 ) Tj ET Q q 0 0 0 rg BT 228.90 381.05 Td (million ) Tj ET Q q 0 0 0 rg BT 260.43 381.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 295.82 381.05 Td (in ) Tj ET Q q 0 0 0 rg BT 306.23 381.05 Td (net ) Tj ET Q q 0 0 0 rg BT 321.08 381.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 359.25 381.05 Td (from ) Tj ET Q q 0 0 0 rg BT 381.32 381.05 Td (range ) Tj ET Q q 0 0 0 rg BT 406.17 381.05 Td (and ) Tj ET Q q 0 0 0 rg BT 423.24 381.05 Td (special ) Tj ET Q q 0 0 0 rg BT 453.64 381.05 Td (series ) Tj ET Q q 0 0 0 rg BT 479.04 381.05 Td (cars ) Tj ET Q q 0 0 0 rg BT 497.77 381.05 Td (and ) Tj ET Q q 0 0 0 rg BT 514.84 381.05 Td (spare ) Tj ET Q q 0 0 0 rg BT 538.58 381.05 Td (parts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 369.05 Td (for ) Tj ET Q q 0 0 0 rg BT 68.16 369.05 Td (the ) Tj ET Q q 0 0 0 rg BT 82.88 369.05 Td (nine ) Tj ET Q q 0 0 0 rg BT 102.59 369.05 Td (months ) Tj ET Q q 0 0 0 rg BT 134.54 369.05 Td (ended ) Tj ET Q q 0 0 0 rg BT 160.92 369.05 Td (September ) Tj ET Q q 0 0 0 rg BT 206.18 369.05 Td (30, ) Tj ET Q q 0 0 0 rg BT 221.18 369.05 Td (2015, ) Tj ET Q q 0 0 0 rg BT 246.18 369.05 Td (as ) Tj ET Q q 0 0 0 rg BT 257.01 369.05 Td (compared ) Tj ET Q q 0 0 0 rg BT 298.94 369.05 Td (to ) Tj ET Q q 0 0 0 rg BT 309.21 369.05 Td (the ) Tj ET Q q 0 0 0 rg BT 323.93 369.05 Td (nine ) Tj ET Q q 0 0 0 rg BT 343.65 369.05 Td (months ) Tj ET Q q 0 0 0 rg BT 375.60 369.05 Td (ended ) Tj ET Q q 0 0 0 rg BT 401.97 369.05 Td (September ) Tj ET Q q 0 0 0 rg BT 447.24 369.05 Td (30, ) Tj ET Q q 0 0 0 rg BT 462.24 369.05 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 345.05 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 345.05 Td (The ) Tj ET Q q 0 0 0 rg BT 107.90 345.05 Td (1) Tj ET Q q 0 0 0 rg BT 117.52 345.05 Td (13 ) Tj ET Q q 0 0 0 rg BT 129.87 345.05 Td (million ) Tj ET Q q 0 0 0 rg BT 161.11 345.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 196.22 345.05 Td (in ) Tj ET Q q 0 0 0 rg BT 206.34 345.05 Td (net ) Tj ET Q q 0 0 0 rg BT 220.91 345.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 258.79 345.05 Td (from ) Tj ET Q q 0 0 0 rg BT 280.58 345.05 Td (supercars ) Tj ET Q q 0 0 0 rg BT 320.69 345.05 Td (and ) Tj ET Q q 0 0 0 rg BT 337.48 345.05 Td (limited ) Tj ET Q q 0 0 0 rg BT 368.15 345.05 Td (edition ) Tj ET Q q 0 0 0 rg BT 398.28 345.05 Td (cars ) Tj ET Q q 0 0 0 rg BT 416.72 345.05 Td (was ) Tj ET Q q 0 0 0 rg BT 434.62 345.05 Td (composed ) Tj ET Q q 0 0 0 rg BT 477.52 345.05 Td (of ) Tj ET Q q 0 0 0 rg BT 488.20 345.05 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 499.99 345.05 Td (a ) Tj ET Q q 0 0 0 rg BT 506.77 345.05 Td (148 ) Tj ET Q q 0 0 0 rg BT 529.12 345.05 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 333.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 89.19 333.05 Td (in ) Tj ET Q q 0 0 0 rg BT 98.86 333.05 Td (Americas ) Tj ET Q q 0 0 0 rg BT 139.61 333.05 Td (net ) Tj ET Q q 0 0 0 rg BT 154.25 333.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 192.22 333.05 Td (and ) Tj ET Q q 0 0 0 rg BT 209.09 333.05 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 223.74 333.05 Td (a ) Tj ET Q q 0 0 0 rg BT 230.61 333.05 Td (16 ) Tj ET Q q 0 0 0 rg BT 248.04 333.05 Td (million ) Tj ET Q q 0 0 0 rg BT 279.37 333.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 314.55 333.05 Td (in ) Tj ET Q q 0 0 0 rg BT 324.76 333.05 Td (Rest ) Tj ET Q q 0 0 0 rg BT 344.97 333.05 Td (of ) Tj ET Q q 0 0 0 rg BT 355.20 333.05 Td (AP) Tj ET Q q 0 0 0 rg BT 367.06 333.05 Td (AC ) Tj ET Q q 0 0 0 rg BT 383.39 333.05 Td (net ) Tj ET Q q 0 0 0 rg BT 398.03 333.05 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 438.50 333.05 Td (which ) Tj ET Q q 0 0 0 rg BT 465.37 333.05 Td (were ) Tj ET Q q 0 0 0 rg BT 487.23 333.05 Td (partially ) Tj ET Q q 0 0 0 rg BT 522.99 333.05 Td (of) Tj ET Q q 0 0 0 rg BT 531.13 333.05 Td (fset ) Tj ET Q q 0 0 0 rg BT 548.00 333.05 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 321.05 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 71.50 321.05 Td (a ) Tj ET Q q 0 0 0 rg BT 78.43 321.05 Td (27 ) Tj ET Q q 0 0 0 rg BT 95.93 321.05 Td (million ) Tj ET Q q 0 0 0 rg BT 127.33 321.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 164.24 321.05 Td (in ) Tj ET Q q 0 0 0 rg BT 174.52 321.05 Td (Greater ) Tj ET Q q 0 0 0 rg BT 206.99 321.05 Td (China ) Tj ET Q q 0 0 0 rg BT 233.38 321.05 Td (net ) Tj ET Q q 0 0 0 rg BT 248.10 321.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 286.13 321.05 Td (and ) Tj ET Q q 0 0 0 rg BT 303.07 321.05 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 320.01 321.05 Td (a ) Tj ET Q q 0 0 0 rg BT 326.95 321.05 Td (24 ) Tj ET Q q 0 0 0 rg BT 344.45 321.05 Td (million ) Tj ET Q q 0 0 0 rg BT 375.84 321.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 412.75 321.05 Td (in ) Tj ET Q q 0 0 0 rg BT 423.03 321.05 Td (EMEA) Tj ET Q q 0 0 0 rg BT 450.81 321.05 Td ( ) Tj ET Q q 0 0 0 rg BT 453.31 321.05 Td (net ) Tj ET Q q 0 0 0 rg BT 468.03 321.05 Td (revenues.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 297.05 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 297.05 Td (The ) Tj ET Q q 0 0 0 rg BT 108.40 297.05 Td (20 ) Tj ET Q q 0 0 0 rg BT 126.26 297.05 Td (million ) Tj ET Q q 0 0 0 rg BT 158.01 297.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 193.62 297.05 Td (in ) Tj ET Q q 0 0 0 rg BT 204.25 297.05 Td (net ) Tj ET Q q 0 0 0 rg BT 219.33 297.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 257.72 297.05 Td (from ) Tj ET Q q 0 0 0 rg BT 280.01 297.05 Td (range ) Tj ET Q q 0 0 0 rg BT 305.08 297.05 Td (and ) Tj ET Q q 0 0 0 rg BT 322.37 297.05 Td (special ) Tj ET Q q 0 0 0 rg BT 352.99 297.05 Td (series ) Tj ET Q q 0 0 0 rg BT 378.62 297.05 Td (cars ) Tj ET Q q 0 0 0 rg BT 397.57 297.05 Td (and ) Tj ET Q q 0 0 0 rg BT 414.87 297.05 Td (spare ) Tj ET Q q 0 0 0 rg BT 438.82 297.05 Td (parts ) Tj ET Q q 0 0 0 rg BT 461.12 297.05 Td (was ) Tj ET Q q 0 0 0 rg BT 479.53 297.05 Td (primarily ) Tj ET Q q 0 0 0 rg BT 519.59 297.05 Td (driven ) Tj ET Q q 0 0 0 rg BT 548.00 297.05 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 285.05 Td (higher ) Tj ET Q q 0 0 0 rg BT 81.97 285.05 Td (shipments ) Tj ET Q q 0 0 0 rg BT 124.95 285.05 Td (of ) Tj ET Q q 0 0 0 rg BT 135.53 285.05 Td (V8 ) Tj ET Q q 0 0 0 rg BT 150.17 285.05 Td (models, ) Tj ET Q q 0 0 0 rg BT 183.98 285.05 Td (partially ) Tj ET Q q 0 0 0 rg BT 219.73 285.05 Td (of) Tj ET Q q 0 0 0 rg BT 227.88 285.05 Td (fset ) Tj ET Q q 0 0 0 rg BT 244.74 285.05 Td (by ) Tj ET Q q 0 0 0 rg BT 257.16 285.05 Td (an ) Tj ET Q q 0 0 0 rg BT 269.02 285.05 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 319.20 285.05 Td (shift ) Tj ET Q q 0 0 0 rg BT 339.40 285.05 Td (in ) Tj ET Q q 0 0 0 rg BT 349.60 285.05 Td (product ) Tj ET Q q 0 0 0 rg BT 382.57 285.05 Td (mix ) Tj ET Q q 0 0 0 rg BT 400.55 285.05 Td (towards ) Tj ET Q q 0 0 0 rg BT 434.64 285.05 Td (relatively ) Tj ET Q q 0 0 0 rg BT 474.82 285.05 Td (more ) Tj ET Q q 0 0 0 rg BT 497.61 285.05 Td (V8 ) Tj ET Q q 0 0 0 rg BT 512.26 285.05 Td (models ) Tj ET Q q 0 0 0 rg BT 543.57 285.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 273.05 Td (fewer ) Tj ET Q q 0 0 0 rg BT 78.91 273.05 Td (V12 ) Tj ET Q q 0 0 0 rg BT 98.45 273.05 Td (models. ) Tj ET Q q 0 0 0 rg BT 132.16 273.05 Td (In ) Tj ET Q q 0 0 0 rg BT 142.81 273.05 Td (particular) Tj ET Q q 0 0 0 rg BT 180.72 273.05 Td (, ) Tj ET Q q 0 0 0 rg BT 185.54 273.05 Td (the ) Tj ET Q q 0 0 0 rg BT 200.07 273.05 Td (proportion ) Tj ET Q q 0 0 0 rg BT 244.61 273.05 Td (of ) Tj ET Q q 0 0 0 rg BT 255.09 273.05 Td (V12 ) Tj ET Q q 0 0 0 rg BT 274.63 273.05 Td (models ) Tj ET Q q 0 0 0 rg BT 305.84 273.05 Td (shipped ) Tj ET Q q 0 0 0 rg BT 339.27 273.05 Td (decreased ) Tj ET Q q 0 0 0 rg BT 381.00 273.05 Td (from ) Tj ET Q q 0 0 0 rg BT 402.76 273.05 Td (26.6 ) Tj ET Q q 0 0 0 rg BT 422.58 273.05 Td (percent ) Tj ET Q q 0 0 0 rg BT 454.32 273.05 Td (for ) Tj ET Q q 0 0 0 rg BT 468.30 273.05 Td (the ) Tj ET Q q 0 0 0 rg BT 482.83 273.05 Td (nine ) Tj ET Q q 0 0 0 rg BT 502.37 273.05 Td (months ) Tj ET Q q 0 0 0 rg BT 534.14 273.05 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 261.05 Td (September ) Tj ET Q q 0 0 0 rg BT 99.04 261.05 Td (30, ) Tj ET Q q 0 0 0 rg BT 113.81 261.05 Td (2014 ) Tj ET Q q 0 0 0 rg BT 136.09 261.05 Td (to ) Tj ET Q q 0 0 0 rg BT 146.14 261.05 Td (17.1 ) Tj ET Q q 0 0 0 rg BT 165.91 261.05 Td (percent ) Tj ET Q q 0 0 0 rg BT 197.61 261.05 Td (for ) Tj ET Q q 0 0 0 rg BT 211.55 261.05 Td (the ) Tj ET Q q 0 0 0 rg BT 226.04 261.05 Td (nine ) Tj ET Q q 0 0 0 rg BT 245.53 261.05 Td (months ) Tj ET Q q 0 0 0 rg BT 277.25 261.05 Td (ended ) Tj ET Q q 0 0 0 rg BT 303.40 261.05 Td (September ) Tj ET Q q 0 0 0 rg BT 348.44 261.05 Td (30, ) Tj ET Q q 0 0 0 rg BT 363.22 261.05 Td (2015, ) Tj ET Q q 0 0 0 rg BT 387.99 261.05 Td (and ) Tj ET Q q 0 0 0 rg BT 404.70 261.05 Td (was ) Tj ET Q q 0 0 0 rg BT 422.53 261.05 Td (primarily ) Tj ET Q q 0 0 0 rg BT 462.02 261.05 Td (driven ) Tj ET Q q 0 0 0 rg BT 489.84 261.05 Td (by ) Tj ET Q q 0 0 0 rg BT 502.11 261.05 Td (a ) Tj ET Q q 0 0 0 rg BT 508.82 261.05 Td (36.0 ) Tj ET Q q 0 0 0 rg BT 528.60 261.05 Td (percent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 249.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 91.38 249.05 Td (in ) Tj ET Q q 0 0 0 rg BT 102.12 249.05 Td (shipments ) Tj ET Q q 0 0 0 rg BT 145.64 249.05 Td (of ) Tj ET Q q 0 0 0 rg BT 156.93 249.05 Td (the ) Tj ET Q q 0 0 0 rg BT 172.11 249.05 Td (F12berlinetta, ) Tj ET Q q 0 0 0 rg BT 230.89 249.05 Td (in ) Tj ET Q q 0 0 0 rg BT 241.63 249.05 Td (line ) Tj ET Q q 0 0 0 rg BT 259.59 249.05 Td (with ) Tj ET Q q 0 0 0 rg BT 280.33 249.05 Td (model ) Tj ET Q q 0 0 0 rg BT 308.29 249.05 Td (lifecycle ) Tj ET Q q 0 0 0 rg BT 345.67 249.05 Td (as ) Tj ET Q q 0 0 0 rg BT 356.97 249.05 Td (the ) Tj ET Q q 0 0 0 rg BT 372.15 249.05 Td (model ) Tj ET Q q 0 0 0 rg BT 400.10 249.05 Td (has ) Tj ET Q q 0 0 0 rg BT 416.40 249.05 Td (been ) Tj ET Q q 0 0 0 rg BT 438.24 249.05 Td (on ) Tj ET Q q 0 0 0 rg BT 451.20 249.05 Td (the ) Tj ET Q q 0 0 0 rg BT 466.38 249.05 Td (market ) Tj ET Q q 0 0 0 rg BT 497.11 249.05 Td (since ) Tj ET Q q 0 0 0 rg BT 520.62 249.05 Td (2012 ) Tj ET Q q 0 0 0 rg BT 543.58 249.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 237.05 Td (clients ) Tj ET Q q 0 0 0 rg BT 82.11 237.05 Td (tend ) Tj ET Q q 0 0 0 rg BT 101.33 237.05 Td (to ) Tj ET Q q 0 0 0 rg BT 111.12 237.05 Td (focus ) Tj ET Q q 0 0 0 rg BT 134.79 237.05 Td (on ) Tj ET Q q 0 0 0 rg BT 146.79 237.05 Td (more ) Tj ET Q q 0 0 0 rg BT 169.35 237.05 Td (recently ) Tj ET Q q 0 0 0 rg BT 203.56 237.05 Td (introduced ) Tj ET Q q 0 0 0 rg BT 248.33 237.05 Td (cars. ) Tj ET Q q 0 0 0 rg BT 268.93 237.05 Td (Shipments ) Tj ET Q q 0 0 0 rg BT 313.17 237.05 Td (of ) Tj ET Q q 0 0 0 rg BT 323.36 237.05 Td (V8 ) Tj ET Q q 0 0 0 rg BT 337.59 237.05 Td (models ) Tj ET Q q 0 0 0 rg BT 368.48 237.05 Td (increased ) Tj ET Q q 0 0 0 rg BT 408.24 237.05 Td (by ) Tj ET Q q 0 0 0 rg BT 420.25 237.05 Td (19.5 ) Tj ET Q q 0 0 0 rg BT 439.75 237.05 Td (percent, ) Tj ET Q q 0 0 0 rg BT 473.68 237.05 Td (principally ) Tj ET Q q 0 0 0 rg BT 519.01 237.05 Td (as ) Tj ET Q q 0 0 0 rg BT 529.35 237.05 Td (a ) Tj ET Q q 0 0 0 rg BT 535.79 237.05 Td (result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 225.05 Td (of ) Tj ET Q q 0 0 0 rg BT 64.98 225.05 Td (achieving ) Tj ET Q q 0 0 0 rg BT 106.50 225.05 Td (full ) Tj ET Q q 0 0 0 rg BT 123.03 225.05 Td (production ) Tj ET Q q 0 0 0 rg BT 169.00 225.05 Td (of ) Tj ET Q q 0 0 0 rg BT 179.98 225.05 Td (the ) Tj ET Q q 0 0 0 rg BT 194.84 225.05 Td (458 ) Tj ET Q q 0 0 0 rg BT 212.49 225.05 Td (Speciale ) Tj ET Q q 0 0 0 rg BT 248.42 225.05 Td (Aperta, ) Tj ET Q q 0 0 0 rg BT 280.77 225.05 Td (California ) Tj ET Q q 0 0 0 rg BT 323.77 225.05 Td (T) Tj ET Q q 0 0 0 rg BT 329.70 225.05 Td ( ) Tj ET Q q 0 0 0 rg BT 332.35 225.05 Td (and ) Tj ET Q q 0 0 0 rg BT 349.43 225.05 Td (488 ) Tj ET Q q 0 0 0 rg BT 367.08 225.05 Td (GTB, ) Tj ET Q q 0 0 0 rg BT 392.22 225.05 Td (partially ) Tj ET Q q 0 0 0 rg BT 428.19 225.05 Td (of) Tj ET Q q 0 0 0 rg BT 436.34 225.05 Td (fset ) Tj ET Q q 0 0 0 rg BT 453.42 225.05 Td (by ) Tj ET Q q 0 0 0 rg BT 466.07 225.05 Td (decreases ) Tj ET Q q 0 0 0 rg BT 507.02 225.05 Td (in ) Tj ET Q q 0 0 0 rg BT 517.45 225.05 Td (shipments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 213.05 Td (of ) Tj ET Q q 0 0 0 rg BT 64.83 213.05 Td (the ) Tj ET Q q 0 0 0 rg BT 79.55 213.05 Td (458 ) Tj ET Q q 0 0 0 rg BT 97.05 213.05 Td (Italia ) Tj ET Q q 0 0 0 rg BT 120.09 213.05 Td (and ) Tj ET Q q 0 0 0 rg BT 137.03 213.05 Td (458 ) Tj ET Q q 0 0 0 rg BT 154.53 213.05 Td (Spider) Tj ET Q q 0 0 0 rg BT 180.24 213.05 Td (, ) Tj ET Q q 0 0 0 rg BT 185.24 213.05 Td (which ) Tj ET Q q 0 0 0 rg BT 212.17 213.05 Td (are ) Tj ET Q q 0 0 0 rg BT 226.88 213.05 Td (being ) Tj ET Q q 0 0 0 rg BT 251.60 213.05 Td (phased ) Tj ET Q q 0 0 0 rg BT 281.87 213.05 Td (out ) Tj ET Q q 0 0 0 rg BT 297.14 213.05 Td (during ) Tj ET Q q 0 0 0 rg BT 325.75 213.05 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 189.05 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 189.05 Td (The ) Tj ET Q q 0 0 0 rg BT 107.89 189.05 Td (20 ) Tj ET Q q 0 0 0 rg BT 125.24 189.05 Td (million ) Tj ET Q q 0 0 0 rg BT 156.48 189.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 191.58 189.05 Td (in ) Tj ET Q q 0 0 0 rg BT 201.71 189.05 Td (net ) Tj ET Q q 0 0 0 rg BT 216.27 189.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 254.16 189.05 Td (from ) Tj ET Q q 0 0 0 rg BT 275.94 189.05 Td (range ) Tj ET Q q 0 0 0 rg BT 300.50 189.05 Td (and ) Tj ET Q q 0 0 0 rg BT 317.29 189.05 Td (special ) Tj ET Q q 0 0 0 rg BT 347.40 189.05 Td (series ) Tj ET Q q 0 0 0 rg BT 372.51 189.05 Td (cars ) Tj ET Q q 0 0 0 rg BT 390.96 189.05 Td (and ) Tj ET Q q 0 0 0 rg BT 407.75 189.05 Td (spare ) Tj ET Q q 0 0 0 rg BT 431.19 189.05 Td (parts ) Tj ET Q q 0 0 0 rg BT 452.98 189.05 Td (was ) Tj ET Q q 0 0 0 rg BT 470.88 189.05 Td (composed ) Tj ET Q q 0 0 0 rg BT 513.77 189.05 Td (of ) Tj ET Q q 0 0 0 rg BT 524.45 189.05 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 536.24 189.05 Td (a ) Tj ET Q q 0 0 0 rg BT 543.02 189.05 Td (99 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 177.05 Td (million ) Tj ET Q q 0 0 0 rg BT 85.64 177.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 121.14 177.05 Td (in ) Tj ET Q q 0 0 0 rg BT 131.05 177.05 Td (Americas ) Tj ET Q q 0 0 0 rg BT 172.12 177.05 Td (net ) Tj ET Q q 0 0 0 rg BT 187.08 177.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 225.36 177.05 Td (and ) Tj ET Q q 0 0 0 rg BT 242.54 177.05 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 257.51 177.05 Td (a ) Tj ET Q q 0 0 0 rg BT 264.69 177.05 Td (53 ) Tj ET Q q 0 0 0 rg BT 282.44 177.05 Td (million ) Tj ET Q q 0 0 0 rg BT 314.07 177.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 349.57 177.05 Td (in ) Tj ET Q q 0 0 0 rg BT 360.10 177.05 Td (Rest ) Tj ET Q q 0 0 0 rg BT 380.62 177.05 Td (of ) Tj ET Q q 0 0 0 rg BT 391.09 177.05 Td (AP) Tj ET Q q 0 0 0 rg BT 402.96 177.05 Td (AC ) Tj ET Q q 0 0 0 rg BT 419.59 177.05 Td (net ) Tj ET Q q 0 0 0 rg BT 434.56 177.05 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 475.34 177.05 Td (which ) Tj ET Q q 0 0 0 rg BT 502.52 177.05 Td (were ) Tj ET Q q 0 0 0 rg BT 524.70 177.05 Td (partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 165.05 Td (of) Tj ET Q q 0 0 0 rg BT 62.15 165.05 Td (fset ) Tj ET Q q 0 0 0 rg BT 79.09 165.05 Td (by ) Tj ET Q q 0 0 0 rg BT 91.59 165.05 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 109.08 165.05 Td (a ) Tj ET Q q 0 0 0 rg BT 116.02 165.05 Td (103 ) Tj ET Q q 0 0 0 rg BT 138.52 165.05 Td (million ) Tj ET Q q 0 0 0 rg BT 169.91 165.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 206.83 165.05 Td (in ) Tj ET Q q 0 0 0 rg BT 217.11 165.05 Td (EMEA) Tj ET Q q 0 0 0 rg BT 244.88 165.05 Td ( ) Tj ET Q q 0 0 0 rg BT 247.38 165.05 Td (net ) Tj ET Q q 0 0 0 rg BT 262.10 165.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 300.14 165.05 Td (and ) Tj ET Q q 0 0 0 rg BT 317.08 165.05 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 334.01 165.05 Td (a ) Tj ET Q q 0 0 0 rg BT 340.95 165.05 Td (29 ) Tj ET Q q 0 0 0 rg BT 358.45 165.05 Td (million ) Tj ET Q q 0 0 0 rg BT 389.84 165.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 426.76 165.05 Td (in ) Tj ET Q q 0 0 0 rg BT 437.04 165.05 Td (Greater ) Tj ET Q q 0 0 0 rg BT 469.51 165.05 Td (China ) Tj ET Q q 0 0 0 rg BT 495.90 165.05 Td (net ) Tj ET Q q 0 0 0 rg BT 510.62 165.05 Td (revenues.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 141.05 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 141.05 Td (The ) Tj ET Q q 0 0 0 rg BT 108.37 141.05 Td (99 ) Tj ET Q q 0 0 0 rg BT 126.20 141.05 Td (million ) Tj ET Q q 0 0 0 rg BT 157.92 141.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 193.50 141.05 Td (in ) Tj ET Q q 0 0 0 rg BT 203.48 141.05 Td (Americas ) Tj ET Q q 0 0 0 rg BT 244.63 141.05 Td (net ) Tj ET Q q 0 0 0 rg BT 259.67 141.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 298.03 141.05 Td (was ) Tj ET Q q 0 0 0 rg BT 316.41 141.05 Td (primarily ) Tj ET Q q 0 0 0 rg BT 356.45 141.05 Td (attributable ) Tj ET Q q 0 0 0 rg BT 404.82 141.05 Td (to ) Tj ET Q q 0 0 0 rg BT 415.42 141.05 Td (favorable ) Tj ET Q q 0 0 0 rg BT 456.00 141.05 Td (foreign ) Tj ET Q q 0 0 0 rg BT 487.71 141.05 Td (exchange ) Tj ET Q q 0 0 0 rg BT 528.29 141.05 Td (impact, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 129.05 Td (driven ) Tj ET Q q 0 0 0 rg BT 82.46 129.05 Td (by ) Tj ET Q q 0 0 0 rg BT 95.38 129.05 Td (the ) Tj ET Q q 0 0 0 rg BT 110.51 129.05 Td (weakening ) Tj ET Q q 0 0 0 rg BT 156.74 129.05 Td (of ) Tj ET Q q 0 0 0 rg BT 167.98 129.05 Td (the ) Tj ET Q q 0 0 0 rg BT 183.12 129.05 Td (Euro ) Tj ET Q q 0 0 0 rg BT 205.47 129.05 Td (against ) Tj ET Q q 0 0 0 rg BT 236.71 129.05 Td (the ) Tj ET Q q 0 0 0 rg BT 251.84 129.05 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 272.54 129.05 Td (Dollar ) Tj ET Q q 0 0 0 rg BT 301.00 129.05 Td (and ) Tj ET Q q 0 0 0 rg BT 318.36 129.05 Td ( ) Tj ET Q q 0 0 0 rg BT 321.27 129.05 Td (favorable ) Tj ET Q q 0 0 0 rg BT 361.94 129.05 Td (volume ) Tj ET Q q 0 0 0 rg BT 394.85 129.05 Td (impact, ) Tj ET Q q 0 0 0 rg BT 427.48 129.05 Td (driven ) Tj ET Q q 0 0 0 rg BT 455.94 129.05 Td (by ) Tj ET Q q 0 0 0 rg BT 468.85 129.05 Td (the ) Tj ET Q q 0 0 0 rg BT 483.99 129.05 Td (California ) Tj ET Q q 0 0 0 rg BT 527.23 129.05 Td (T) Tj ET Q q 0 0 0 rg BT 532.60 129.05 Td (. ) Tj ET Q q 0 0 0 rg BT 538.01 129.05 Td (Such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 117.05 Td (increases ) Tj ET Q q 0 0 0 rg BT 93.15 117.05 Td (were ) Tj ET Q q 0 0 0 rg BT 115.07 117.05 Td (partially ) Tj ET Q q 0 0 0 rg BT 150.89 117.05 Td (of) Tj ET Q q 0 0 0 rg BT 159.04 117.05 Td (fset ) Tj ET Q q 0 0 0 rg BT 175.98 117.05 Td (by ) Tj ET Q q 0 0 0 rg BT 188.48 117.05 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 238.74 117.05 Td (product ) Tj ET Q q 0 0 0 rg BT 271.78 117.05 Td (mix ) Tj ET Q q 0 0 0 rg BT 289.84 117.05 Td (impact.) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 41.20 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 731.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.44 731.10 Td (53 ) Tj ET Q q 0 0 0 rg BT 124.33 731.10 Td (million ) Tj ET Q q 0 0 0 rg BT 155.11 731.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 189.75 731.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.42 731.10 Td (Rest ) Tj ET Q q 0 0 0 rg BT 219.09 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.89 731.10 Td (AP) Tj ET Q q 0 0 0 rg BT 240.75 731.10 Td (AC ) Tj ET Q q 0 0 0 rg BT 256.54 731.10 Td (net ) Tj ET Q q 0 0 0 rg BT 270.64 731.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 308.07 731.10 Td (was ) Tj ET Q q 0 0 0 rg BT 325.51 731.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 364.61 731.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 412.04 731.10 Td (to ) Tj ET Q q 0 0 0 rg BT 421.71 731.10 Td (an ) Tj ET Q q 0 0 0 rg BT 433.04 731.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 467.68 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.90 731.10 Td (40 ) Tj ET Q q 0 0 0 rg BT 494.79 731.10 Td (million ) Tj ET Q q 0 0 0 rg BT 525.57 731.10 Td (in ) Tj ET Q q 0 0 0 rg BT 535.24 731.10 Td (Japan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 719.10 Td (net ) Tj ET Q q 0 0 0 rg BT 69.44 719.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 108.19 719.10 Td (and ) Tj ET Q q 0 0 0 rg BT 125.85 719.10 Td (an ) Tj ET Q q 0 0 0 rg BT 138.51 719.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 174.48 719.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.03 719.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 204.25 719.10 Td (million ) Tj ET Q q 0 0 0 rg BT 236.36 719.10 Td (in ) Tj ET Q q 0 0 0 rg BT 246.65 719.10 Td (Australia ) Tj ET Q q 0 0 0 rg BT 286.52 719.10 Td (net ) Tj ET Q q 0 0 0 rg BT 301.96 719.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 343.21 719.10 Td ( ) Tj ET Q q 0 0 0 rg BT 346.20 719.10 Td (The ) Tj ET Q q 0 0 0 rg BT 364.97 719.10 Td (40 ) Tj ET Q q 0 0 0 rg BT 383.19 719.10 Td (million ) Tj ET Q q 0 0 0 rg BT 415.30 719.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 451.27 719.10 Td (in ) Tj ET Q q 0 0 0 rg BT 462.27 719.10 Td (Japan ) Tj ET Q q 0 0 0 rg BT 488.26 719.10 Td (net ) Tj ET Q q 0 0 0 rg BT 503.69 719.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 542.45 719.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 707.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 93.62 707.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 141.57 707.10 Td (to ) Tj ET Q q 0 0 0 rg BT 151.76 707.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 191.93 707.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 224.33 707.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 253.96 707.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.70 707.10 Td (37 ) Tj ET Q q 0 0 0 rg BT 282.11 707.10 Td (million ) Tj ET Q q 0 0 0 rg BT 313.41 707.10 Td (due ) Tj ET Q q 0 0 0 rg BT 330.26 707.10 Td (to ) Tj ET Q q 0 0 0 rg BT 340.45 707.10 Td (a ) Tj ET Q q 0 0 0 rg BT 347.30 707.10 Td (66.4 ) Tj ET Q q 0 0 0 rg BT 367.21 707.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 399.04 707.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 434.21 707.10 Td (in ) Tj ET Q q 0 0 0 rg BT 444.40 707.10 Td (shipments, ) Tj ET Q q 0 0 0 rg BT 489.87 707.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 520.05 707.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 548.01 707.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.56 695.10 Td (California ) Tj ET Q q 0 0 0 rg BT 111.28 695.10 Td (T) Tj ET Q q 0 0 0 rg BT 117.21 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 119.55 695.10 Td (and ) Tj ET Q q 0 0 0 rg BT 136.34 695.10 Td (458 ) Tj ET Q q 0 0 0 rg BT 153.51 695.10 Td (VS. ) Tj ET Q q 0 0 0 rg BT 170.97 695.10 Td (The ) Tj ET Q q 0 0 0 rg BT 188.86 695.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 206.21 695.10 Td (million ) Tj ET Q q 0 0 0 rg BT 237.44 695.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 272.54 695.10 Td (in ) Tj ET Q q 0 0 0 rg BT 282.15 695.10 Td (Australia ) Tj ET Q q 0 0 0 rg BT 321.15 695.10 Td (net ) Tj ET Q q 0 0 0 rg BT 335.71 695.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 373.59 695.10 Td (was ) Tj ET Q q 0 0 0 rg BT 391.49 695.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 421.61 695.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 449.50 695.10 Td (by ) Tj ET Q q 0 0 0 rg BT 461.85 695.10 Td (an ) Tj ET Q q 0 0 0 rg BT 473.63 695.10 Td (79.5 ) Tj ET Q q 0 0 0 rg BT 493.48 695.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 525.24 695.10 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 683.10 Td (in ) Tj ET Q q 0 0 0 rg BT 64.28 683.10 Td (shipments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 659.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.58 659.10 Td (103 ) Tj ET Q q 0 0 0 rg BT 129.61 659.10 Td (million ) Tj ET Q q 0 0 0 rg BT 160.53 659.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 196.98 659.10 Td (in ) Tj ET Q q 0 0 0 rg BT 206.79 659.10 Td (EMEA) Tj ET Q q 0 0 0 rg BT 234.57 659.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.60 659.10 Td (net ) Tj ET Q q 0 0 0 rg BT 250.84 659.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 288.41 659.10 Td (was ) Tj ET Q q 0 0 0 rg BT 306.00 659.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 345.24 659.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 392.81 659.10 Td (to ) Tj ET Q q 0 0 0 rg BT 402.62 659.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 444.06 659.10 Td (shipments, ) Tj ET Q q 0 0 0 rg BT 489.15 659.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 516.73 659.10 Td (by ) Tj ET Q q 0 0 0 rg BT 528.76 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 543.01 659.10 Td (458 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 647.10 Td (Italia ) Tj ET Q q 0 0 0 rg BT 76.71 647.10 Td (and ) Tj ET Q q 0 0 0 rg BT 93.31 647.10 Td (458 ) Tj ET Q q 0 0 0 rg BT 110.47 647.10 Td (Spider) Tj ET Q q 0 0 0 rg BT 136.18 647.10 Td (, ) Tj ET Q q 0 0 0 rg BT 140.85 647.10 Td (which ) Tj ET Q q 0 0 0 rg BT 167.45 647.10 Td (are ) Tj ET Q q 0 0 0 rg BT 181.82 647.10 Td (being ) Tj ET Q q 0 0 0 rg BT 206.20 647.10 Td (phased ) Tj ET Q q 0 0 0 rg BT 236.14 647.10 Td (out ) Tj ET Q q 0 0 0 rg BT 251.08 647.10 Td (during ) Tj ET Q q 0 0 0 rg BT 279.35 647.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 304.02 647.10 Td (In ) Tj ET Q q 0 0 0 rg BT 314.51 647.10 Td (particular) Tj ET Q q 0 0 0 rg BT 352.42 647.10 Td (, ) Tj ET Q q 0 0 0 rg BT 357.09 647.10 Td (shipments ) Tj ET Q q 0 0 0 rg BT 399.81 647.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 441.39 647.10 Td (by ) Tj ET Q q 0 0 0 rg BT 453.55 647.10 Td (21.7 ) Tj ET Q q 0 0 0 rg BT 473.21 647.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 504.80 647.10 Td (in ) Tj ET Q q 0 0 0 rg BT 514.75 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.13 647.10 Td (Middle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 635.10 Td (East, ) Tj ET Q q 0 0 0 rg BT 76.45 635.10 Td (14.9 ) Tj ET Q q 0 0 0 rg BT 96.67 635.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 128.83 635.10 Td (in ) Tj ET Q q 0 0 0 rg BT 139.33 635.10 Td (Germany ) Tj ET Q q 0 0 0 rg BT 179.27 635.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.44 635.10 Td (7.7 ) Tj ET Q q 0 0 0 rg BT 211.66 635.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 243.82 635.10 Td (in ) Tj ET Q q 0 0 0 rg BT 254.32 635.10 Td (Switzerland, ) Tj ET Q q 0 0 0 rg BT 307.32 635.10 Td (of) Tj ET Q q 0 0 0 rg BT 315.46 635.10 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 348.19 635.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 388.67 635.10 Td (shipments ) Tj ET Q q 0 0 0 rg BT 431.96 635.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.01 635.10 Td (20.4 ) Tj ET Q q 0 0 0 rg BT 463.24 635.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 495.40 635.10 Td (in ) Tj ET Q q 0 0 0 rg BT 505.90 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.85 635.10 Td (UK, ) Tj ET Q q 0 0 0 rg BT 540.52 635.10 Td (10.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 623.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 85.92 623.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.20 623.10 Td (Italy) Tj ET Q q 0 0 0 rg BT 113.88 623.10 Td (, ) Tj ET Q q 0 0 0 rg BT 118.88 623.10 Td (5.5 ) Tj ET Q q 0 0 0 rg BT 133.88 623.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 165.80 623.10 Td (in ) Tj ET Q q 0 0 0 rg BT 176.08 623.10 Td (France ) Tj ET Q q 0 0 0 rg BT 205.79 623.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.73 623.10 Td (0.9 ) Tj ET Q q 0 0 0 rg BT 237.73 623.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 269.65 623.10 Td (in ) Tj ET Q q 0 0 0 rg BT 279.93 623.10 Td (Rest ) Tj ET Q q 0 0 0 rg BT 300.21 623.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.04 623.10 Td (EMEA.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 611.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 599.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 599.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.87 599.10 Td (29 ) Tj ET Q q 0 0 0 rg BT 127.20 599.10 Td (million ) Tj ET Q q 0 0 0 rg BT 159.41 599.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 197.15 599.10 Td (in ) Tj ET Q q 0 0 0 rg BT 208.25 599.10 Td (Greater ) Tj ET Q q 0 0 0 rg BT 241.55 599.10 Td (China ) Tj ET Q q 0 0 0 rg BT 268.76 599.10 Td (net ) Tj ET Q q 0 0 0 rg BT 284.30 599.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 323.17 599.10 Td (was ) Tj ET Q q 0 0 0 rg BT 342.04 599.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 382.58 599.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 431.44 599.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.54 599.10 Td (a ) Tj ET Q q 0 0 0 rg BT 450.30 599.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 488.04 599.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.70 599.10 Td (42 ) Tj ET Q q 0 0 0 rg BT 518.02 599.10 Td (million ) Tj ET Q q 0 0 0 rg BT 550.24 599.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 587.10 Td (mainland ) Tj ET Q q 0 0 0 rg BT 93.95 587.10 Td (China ) Tj ET Q q 0 0 0 rg BT 120.57 587.10 Td (net ) Tj ET Q q 0 0 0 rg BT 135.52 587.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 176.29 587.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 212.34 587.10 Td (of) Tj ET Q q 0 0 0 rg BT 220.49 587.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 237.66 587.10 Td (by ) Tj ET Q q 0 0 0 rg BT 250.39 587.10 Td (an ) Tj ET Q q 0 0 0 rg BT 262.57 587.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 298.05 587.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.12 587.10 Td (10 ) Tj ET Q q 0 0 0 rg BT 326.85 587.10 Td (million ) Tj ET Q q 0 0 0 rg BT 358.48 587.10 Td (in ) Tj ET Q q 0 0 0 rg BT 368.99 587.10 Td (Hong ) Tj ET Q q 0 0 0 rg BT 393.94 587.10 Td (Kong ) Tj ET Q q 0 0 0 rg BT 418.90 587.10 Td (net ) Tj ET Q q 0 0 0 rg BT 433.85 587.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 472.12 587.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.29 587.10 Td (an ) Tj ET Q q 0 0 0 rg BT 501.46 587.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 536.95 587.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.01 587.10 Td (3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 575.10 Td (million ) Tj ET Q q 0 0 0 rg BT 86.11 575.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.88 575.10 Td (T) Tj ET Q q 0 0 0 rg BT 102.29 575.10 Td (aiwan ) Tj ET Q q 0 0 0 rg BT 129.38 575.10 Td (net ) Tj ET Q q 0 0 0 rg BT 144.82 575.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 185.84 575.10 Td (The ) Tj ET Q q 0 0 0 rg BT 204.61 575.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 242.24 575.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.79 575.10 Td (42 ) Tj ET Q q 0 0 0 rg BT 272.01 575.10 Td (million ) Tj ET Q q 0 0 0 rg BT 304.12 575.10 Td (in ) Tj ET Q q 0 0 0 rg BT 315.12 575.10 Td (mainland ) Tj ET Q q 0 0 0 rg BT 355.55 575.10 Td (China ) Tj ET Q q 0 0 0 rg BT 382.65 575.10 Td (net ) Tj ET Q q 0 0 0 rg BT 398.09 575.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 436.85 575.10 Td (was ) Tj ET Q q 0 0 0 rg BT 455.62 575.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 484.38 575.10 Td (by ) Tj ET Q q 0 0 0 rg BT 497.60 575.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 510.26 575.10 Td (unfavorable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 563.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 86.76 563.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 116.73 563.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.83 563.10 Td (41 ) Tj ET Q q 0 0 0 rg BT 145.59 563.10 Td (million ) Tj ET Q q 0 0 0 rg BT 177.25 563.10 Td (as ) Tj ET Q q 0 0 0 rg BT 188.34 563.10 Td (a ) Tj ET Q q 0 0 0 rg BT 195.54 563.10 Td (result ) Tj ET Q q 0 0 0 rg BT 220.52 563.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.62 563.10 Td (a ) Tj ET Q q 0 0 0 rg BT 238.82 563.10 Td (31.7 ) Tj ET Q q 0 0 0 rg BT 259.08 563.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 291.27 563.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 328.45 563.10 Td (in ) Tj ET Q q 0 0 0 rg BT 338.99 563.10 Td (shipments, ) Tj ET Q q 0 0 0 rg BT 384.81 563.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 399.79 563.10 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 450.31 563.10 Td (product ) Tj ET Q q 0 0 0 rg BT 483.62 563.10 Td (mix ) Tj ET Q q 0 0 0 rg BT 501.94 563.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 531.92 563.10 Td (of ) Tj ET Q q 0 0 0 rg BT 543.01 563.10 Td (14 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 551.10 Td (million ) Tj ET Q q 0 0 0 rg BT 85.78 551.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.11 551.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 120.99 551.10 Td (a ) Tj ET Q q 0 0 0 rg BT 128.32 551.10 Td (8 ) Tj ET Q q 0 0 0 rg BT 141.21 551.10 Td (million ) Tj ET Q q 0 0 0 rg BT 172.99 551.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 210.30 551.10 Td (in ) Tj ET Q q 0 0 0 rg BT 220.96 551.10 Td (net ) Tj ET Q q 0 0 0 rg BT 236.07 551.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 274.50 551.10 Td (from ) Tj ET Q q 0 0 0 rg BT 296.83 551.10 Td (our ) Tj ET Q q 0 0 0 rg BT 313.05 551.10 Td (personalization ) Tj ET Q q 0 0 0 rg BT 377.02 551.10 Td (program ) Tj ET Q q 0 0 0 rg BT 413.79 551.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.12 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.23 551.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 464.66 551.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.88 551.10 Td (spare ) Tj ET Q q 0 0 0 rg BT 499.87 551.10 Td (parts, ) Tj ET Q q 0 0 0 rg BT 524.70 551.10 Td (partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 539.10 Td (of) Tj ET Q q 0 0 0 rg BT 62.15 539.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 79.09 539.10 Td (by ) Tj ET Q q 0 0 0 rg BT 91.59 539.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 108.53 539.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 148.78 539.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 180.16 539.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 220.41 539.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 250.12 539.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.95 539.10 Td (21 ) Tj ET Q q 0 0 0 rg BT 278.45 539.10 Td (million.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 515.10 Td (Engines) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 491.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 491.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 106.74 491.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 144.59 491.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 185.76 491.10 Td (from ) Tj ET Q q 0 0 0 rg BT 207.50 491.10 Td (engines ) Tj ET Q q 0 0 0 rg BT 240.35 491.10 Td (were ) Tj ET Q q 0 0 0 rg BT 262.09 491.10 Td (172 ) Tj ET Q q 0 0 0 rg BT 284.40 491.10 Td (million ) Tj ET Q q 0 0 0 rg BT 315.59 491.10 Td (for ) Tj ET Q q 0 0 0 rg BT 329.56 491.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.08 491.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 363.60 491.10 Td (months ) Tj ET Q q 0 0 0 rg BT 395.36 491.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 421.54 491.10 Td (September ) Tj ET Q q 0 0 0 rg BT 466.61 491.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 481.42 491.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 506.22 491.10 Td (a ) Tj ET Q q 0 0 0 rg BT 512.97 491.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 549.69 491.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 479.10 Td (56 ) Tj ET Q q 0 0 0 rg BT 71.51 479.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 105.40 479.10 Td (or ) Tj ET Q q 0 0 0 rg BT 116.24 479.10 Td (24.6 ) Tj ET Q q 0 0 0 rg BT 136.25 479.10 Td (percent, ) Tj ET Q q 0 0 0 rg BT 170.68 479.10 Td (from ) Tj ET Q q 0 0 0 rg BT 192.62 479.10 Td (228 ) Tj ET Q q 0 0 0 rg BT 215.13 479.10 Td (million ) Tj ET Q q 0 0 0 rg BT 246.53 479.10 Td (for ) Tj ET Q q 0 0 0 rg BT 260.69 479.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.42 479.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 295.14 479.10 Td (months ) Tj ET Q q 0 0 0 rg BT 327.09 479.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 353.48 479.10 Td (September ) Tj ET Q q 0 0 0 rg BT 398.75 479.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 413.75 479.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 438.58 479.10 Td (The ) Tj ET Q q 0 0 0 rg BT 456.63 479.10 Td (56 ) Tj ET Q q 0 0 0 rg BT 474.14 479.10 Td (million ) Tj ET Q q 0 0 0 rg BT 505.54 479.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 542.46 479.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 467.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 102.17 467.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.58 467.10 Td (a ) Tj ET Q q 0 0 0 rg BT 119.65 467.10 Td (47 ) Tj ET Q q 0 0 0 rg BT 137.29 467.10 Td (million ) Tj ET Q q 0 0 0 rg BT 168.81 467.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 205.86 467.10 Td (in ) Tj ET Q q 0 0 0 rg BT 216.27 467.10 Td (net ) Tj ET Q q 0 0 0 rg BT 231.12 467.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 269.29 467.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 310.79 467.10 Td (from ) Tj ET Q q 0 0 0 rg BT 332.86 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.71 467.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 365.89 467.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.85 467.10 Td (engines ) Tj ET Q q 0 0 0 rg BT 410.03 467.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.44 467.10 Td (Maserati, ) Tj ET Q q 0 0 0 rg BT 460.56 467.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 488.74 467.10 Td (by ) Tj ET Q q 0 0 0 rg BT 501.38 467.10 Td (a ) Tj ET Q q 0 0 0 rg BT 508.45 467.10 Td (28.0 ) Tj ET Q q 0 0 0 rg BT 528.58 467.10 Td (percent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 455.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 91.66 455.10 Td (in ) Tj ET Q q 0 0 0 rg BT 102.68 455.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.15 455.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 151.39 455.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.96 455.10 Td (engines ) Tj ET Q q 0 0 0 rg BT 196.76 455.10 Td (shipped ) Tj ET Q q 0 0 0 rg BT 231.11 455.10 Td (in ) Tj ET Q q 0 0 0 rg BT 242.14 455.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 290.34 455.10 Td (with ) Tj ET Q q 0 0 0 rg BT 311.37 455.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.83 455.10 Td (planned ) Tj ET Q q 0 0 0 rg BT 361.73 455.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 389.97 455.10 Td (received ) Tj ET Q q 0 0 0 rg BT 427.08 455.10 Td (from ) Tj ET Q q 0 0 0 rg BT 449.76 455.10 Td (Maserati, ) Tj ET Q q 0 0 0 rg BT 490.49 455.10 Td (and ) Tj ET Q q 0 0 0 rg BT 508.18 455.10 Td (a ) Tj ET Q q 0 0 0 rg BT 515.86 455.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 529.11 455.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 443.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 90.91 443.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.19 443.10 Td (net ) Tj ET Q q 0 0 0 rg BT 115.91 443.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 153.95 443.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 195.31 443.10 Td (from ) Tj ET Q q 0 0 0 rg BT 217.25 443.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.96 443.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 257.23 443.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.06 443.10 Td (power ) Tj ET Q q 0 0 0 rg BT 295.55 443.10 Td (units ) Tj ET Q q 0 0 0 rg BT 317.50 443.10 Td (to ) Tj ET Q q 0 0 0 rg BT 327.77 443.10 Td (other ) Tj ET Q q 0 0 0 rg BT 350.82 443.10 Td (Formula ) Tj ET Q q 0 0 0 rg BT 387.21 443.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 394.71 443.10 Td (teams.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 419.10 Td (Sponsorship, ) Tj ET Q q 0 0 0 rg BT 110.14 419.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 160.96 419.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.02 419.10 Td (brand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 395.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 395.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 106.28 395.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 143.67 395.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 184.38 395.10 Td (from ) Tj ET Q q 0 0 0 rg BT 205.66 395.10 Td (sponsorship, ) Tj ET Q q 0 0 0 rg BT 257.79 395.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 306.83 395.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 354.21 395.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.49 395.10 Td (brand ) Tj ET Q q 0 0 0 rg BT 395.11 395.10 Td (management ) Tj ET Q q 0 0 0 rg BT 448.04 395.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 485.99 395.10 Td (were ) Tj ET Q q 0 0 0 rg BT 507.26 395.10 Td (322 ) Tj ET Q q 0 0 0 rg BT 529.11 395.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 383.10 Td (for ) Tj ET Q q 0 0 0 rg BT 67.63 383.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.81 383.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 101.00 383.10 Td (months ) Tj ET Q q 0 0 0 rg BT 132.41 383.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 158.26 383.10 Td (September ) Tj ET Q q 0 0 0 rg BT 202.99 383.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 217.46 383.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 241.92 383.10 Td (an ) Tj ET Q q 0 0 0 rg BT 253.33 383.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 288.05 383.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.35 383.10 Td (13 ) Tj ET Q q 0 0 0 rg BT 315.32 383.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 348.68 383.10 Td (or ) Tj ET Q q 0 0 0 rg BT 358.98 383.10 Td (4.2 ) Tj ET Q q 0 0 0 rg BT 373.44 383.10 Td (percent, ) Tj ET Q q 0 0 0 rg BT 407.33 383.10 Td (from ) Tj ET Q q 0 0 0 rg BT 428.74 383.10 Td (309 ) Tj ET Q q 0 0 0 rg BT 450.71 383.10 Td (million ) Tj ET Q q 0 0 0 rg BT 481.57 383.10 Td (for ) Tj ET Q q 0 0 0 rg BT 495.20 383.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.38 383.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 528.57 383.10 Td (months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 371.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 81.29 371.10 Td (September ) Tj ET Q q 0 0 0 rg BT 127.47 371.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 143.38 371.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 169.05 371.10 Td (The ) Tj ET Q q 0 0 0 rg BT 188.01 371.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 224.17 371.10 Td (was ) Tj ET Q q 0 0 0 rg BT 243.14 371.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 272.10 371.10 Td (by ) Tj ET Q q 0 0 0 rg BT 285.51 371.10 Td (sponsorship ) Tj ET Q q 0 0 0 rg BT 336.71 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 354.56 371.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 405.17 371.10 Td (net ) Tj ET Q q 0 0 0 rg BT 420.80 371.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 462.25 371.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 502.87 371.10 Td (related ) Tj ET Q q 0 0 0 rg BT 533.49 371.10 Td (to ) Tj ET Q q 0 0 0 rg BT 544.68 371.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 359.10 Td (participation ) Tj ET Q q 0 0 0 rg BT 106.72 359.10 Td (in ) Tj ET Q q 0 0 0 rg BT 116.68 359.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.08 359.10 Td (Formula ) Tj ET Q q 0 0 0 rg BT 167.16 359.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 174.18 359.10 Td (W) Tj ET Q q 0 0 0 rg BT 182.82 359.10 Td (orld ) Tj ET Q q 0 0 0 rg BT 201.11 359.10 Td (Championship, ) Tj ET Q q 0 0 0 rg BT 264.13 359.10 Td (which ) Tj ET Q q 0 0 0 rg BT 290.75 359.10 Td (benefitted ) Tj ET Q q 0 0 0 rg BT 332.92 359.10 Td (from ) Tj ET Q q 0 0 0 rg BT 354.54 359.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.94 359.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 398.34 359.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.85 359.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.25 359.10 Td (weakening ) Tj ET Q q 0 0 0 rg BT 468.75 359.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.27 359.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.67 359.10 Td (Euro ) Tj ET Q q 0 0 0 rg BT 515.29 359.10 Td (against ) Tj ET Q q 0 0 0 rg BT 545.80 359.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 347.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 74.28 347.10 Td (Dollar ) Tj ET Q q 0 0 0 rg BT 102.33 347.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.27 347.10 Td (an ) Tj ET Q q 0 0 0 rg BT 131.21 347.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 166.46 347.10 Td (in ) Tj ET Q q 0 0 0 rg BT 176.74 347.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 199.78 347.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.72 347.10 Td (licensing ) Tj ET Q q 0 0 0 rg BT 255.32 347.10 Td (net ) Tj ET Q q 0 0 0 rg BT 270.04 347.10 Td (revenues. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 323.10 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 299.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 299.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 114.98 299.10 Td (net ) Tj ET Q q 0 0 0 rg BT 129.41 299.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 167.16 299.10 Td (were ) Tj ET Q q 0 0 0 rg BT 188.80 299.10 Td (71 ) Tj ET Q q 0 0 0 rg BT 206.01 299.10 Td (million ) Tj ET Q q 0 0 0 rg BT 237.11 299.10 Td (for ) Tj ET Q q 0 0 0 rg BT 250.99 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.42 299.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 284.84 299.10 Td (months ) Tj ET Q q 0 0 0 rg BT 316.50 299.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 342.59 299.10 Td (September ) Tj ET Q q 0 0 0 rg BT 387.57 299.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 402.28 299.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 426.99 299.10 Td (an ) Tj ET Q q 0 0 0 rg BT 438.64 299.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 473.61 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.15 299.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 496.36 299.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 529.97 299.10 Td (or ) Tj ET Q q 0 0 0 rg BT 540.51 299.10 Td (14.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 287.10 Td (percent, ) Tj ET Q q 0 0 0 rg BT 88.58 287.10 Td (from ) Tj ET Q q 0 0 0 rg BT 110.67 287.10 Td (62 ) Tj ET Q q 0 0 0 rg BT 128.32 287.10 Td (million ) Tj ET Q q 0 0 0 rg BT 159.87 287.10 Td (for ) Tj ET Q q 0 0 0 rg BT 174.18 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.05 287.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 208.92 287.10 Td (months ) Tj ET Q q 0 0 0 rg BT 241.03 287.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 267.56 287.10 Td (September ) Tj ET Q q 0 0 0 rg BT 312.97 287.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 328.13 287.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 353.28 287.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 393.15 287.10 Td (related ) Tj ET Q q 0 0 0 rg BT 423.00 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.44 287.10 Td (our ) Tj ET Q q 0 0 0 rg BT 449.42 287.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 487.05 287.10 Td (services ) Tj ET Q q 0 0 0 rg BT 521.92 287.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 275.10 Td (due ) Tj ET Q q 0 0 0 rg BT 70.94 275.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.22 275.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 121.47 275.10 Td (volumes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 251.10 Td (Cost ) Tj ET Q q 0 0 0 rg BT 75.94 251.10 Td (of ) Tj ET Q q 0 0 0 rg BT 86.77 251.10 Td (sales) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 168.60 150.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 168.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 168.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 168.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 168.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 168.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 168.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 168.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 168.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 168.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 168.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 168.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 168.60 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 214.60000000000002 m 263.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 214.60000000000002 m 267.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 214.60000000000002 m 322.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 214.60000000000002 m 326.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 214.60000000000002 m 381.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 214.60000000000002 m 385.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 214.60000000000002 m 440.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 214.60000000000002 m 499.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 214.60000000000002 m 503.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 214.60000000000002 m 558.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 182.60000000000002 m 263.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 182.60000000000002 m 322.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 182.60000000000002 m 381.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 182.60000000000002 m 440.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 182.60000000000002 m 499.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 182.60000000000002 m 503.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 182.60000000000002 m 558.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 182.60000000000002 m 263.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 182.60000000000002 m 322.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 182.60000000000002 m 381.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 182.60000000000002 m 440.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 182.60000000000002 m 499.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 182.60000000000002 m 503.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 182.60000000000002 m 558.5 182.60000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 244.00 219.05 Td (For the nine months ended September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.00 219.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.15 219.05 Td (Increase/\(decrease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.50 187.05 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.30 205.05 Td (Percentage) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.60 196.05 Td (of net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 277.55 187.05 Td (revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.50 187.05 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.30 205.05 Td (Percentage) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.60 196.05 Td (of net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.55 187.05 Td (revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.60 187.05 Td (2015 vs. 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.45 172.85 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 159.06 Td (Cost of sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.75 159.06 Td (1,094) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 159.06 Td (51.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 159.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 357.75 159.06 Td (1,122) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.75 159.06 Td (55.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 159.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 159.06 Td (\(28) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 159.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 159.06 Td (\(2.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.50 159.06 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 143.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 131.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 131.10 Td (Cost ) Tj ET Q q 0 0 0 rg BT 111.51 131.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.01 131.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 145.62 131.10 Td (for ) Tj ET Q q 0 0 0 rg BT 160.44 131.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.83 131.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 196.22 131.10 Td (months ) Tj ET Q q 0 0 0 rg BT 228.83 131.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 255.88 131.10 Td (September ) Tj ET Q q 0 0 0 rg BT 301.81 131.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 317.48 131.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 340.65 131.10 Td (was ) Tj ET Q q 0 0 0 rg BT 359.37 131.10 Td (1,094 ) Tj ET Q q 0 0 0 rg BT 390.04 131.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 424.60 131.10 Td (a ) Tj ET Q q 0 0 0 rg BT 432.21 131.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 469.79 131.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.29 131.10 Td (28 ) Tj ET Q q 0 0 0 rg BT 499.46 131.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 534.02 131.10 Td (or ) Tj ET Q q 0 0 0 rg BT 545.52 131.10 Td (2.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 119.10 Td (percent, ) Tj ET Q q 0 0 0 rg BT 88.20 119.10 Td (from ) Tj ET Q q 0 0 0 rg BT 109.91 119.10 Td (1,122 ) Tj ET Q q 0 0 0 rg BT 139.68 119.10 Td (million ) Tj ET Q q 0 0 0 rg BT 170.84 119.10 Td (for ) Tj ET Q q 0 0 0 rg BT 184.77 119.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.26 119.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 218.75 119.10 Td (months ) Tj ET Q q 0 0 0 rg BT 250.47 119.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 276.62 119.10 Td (September ) Tj ET Q q 0 0 0 rg BT 321.66 119.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 336.43 119.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 360.70 119.10 Td (As ) Tj ET Q q 0 0 0 rg BT 374.08 119.10 Td (a ) Tj ET Q q 0 0 0 rg BT 380.79 119.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 426.37 119.10 Td (of ) Tj ET Q q 0 0 0 rg BT 436.97 119.10 Td (net ) Tj ET Q q 0 0 0 rg BT 451.46 119.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 491.77 119.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 510.15 119.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.75 119.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 542.46 119.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 107.10 Td (51.8 ) Tj ET Q q 0 0 0 rg BT 74.32 107.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 106.57 107.10 Td (for ) Tj ET Q q 0 0 0 rg BT 121.05 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.09 107.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 156.12 107.10 Td (months ) Tj ET Q q 0 0 0 rg BT 188.39 107.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 215.09 107.10 Td (September ) Tj ET Q q 0 0 0 rg BT 260.68 107.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 276.00 107.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 301.32 107.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 343.56 107.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.16 107.10 Td (55.8 ) Tj ET Q q 0 0 0 rg BT 374.49 107.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 406.73 107.10 Td (for ) Tj ET Q q 0 0 0 rg BT 421.21 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.25 107.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 456.29 107.10 Td (months ) Tj ET Q q 0 0 0 rg BT 488.56 107.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 515.26 107.10 Td (September ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 95.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 69.00 95.10 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 83.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 71.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 71.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.96 71.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 144.78 71.10 Td (in ) Tj ET Q q 0 0 0 rg BT 154.97 71.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 173.48 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.22 71.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 206.07 71.10 Td (was ) Tj ET Q q 0 0 0 rg BT 224.03 71.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 271.97 71.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.16 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.79 71.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 349.19 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.92 71.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 371.77 71.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 413.59 71.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 436.00 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.74 71.10 Td (44 ) Tj ET Q q 0 0 0 rg BT 464.15 71.10 Td (million ) Tj ET Q q 0 0 0 rg BT 495.45 71.10 Td (related ) Tj ET Q q 0 0 0 rg BT 525.06 71.10 Td (to ) Tj ET Q q 0 0 0 rg BT 535.25 71.10 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 59.10 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 91.85 59.10 Td (engine ) Tj ET Q q 0 0 0 rg BT 121.36 59.10 Td (shipments, ) Tj ET Q q 0 0 0 rg BT 167.28 59.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 182.36 59.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 221.30 59.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.60 59.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 288.66 59.10 Td (savings ) Tj ET Q q 0 0 0 rg BT 321.52 59.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 359.91 59.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.10 59.10 Td (7 ) Tj ET Q q 0 0 0 rg BT 383.96 59.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 418.22 59.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 436.07 59.10 Td (a ) Tj ET Q q 0 0 0 rg BT 443.37 59.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 480.65 59.10 Td (in ) Tj ET Q q 0 0 0 rg BT 491.28 59.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 543.56 59.10 Td (and ) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 41.20 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 731.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 107.48 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.76 731.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 131.71 731.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 166.05 731.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 202.31 731.10 Td (of) Tj ET Q q 0 0 0 rg BT 210.46 731.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 227.85 731.10 Td (by ) Tj ET Q q 0 0 0 rg BT 240.79 731.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 258.18 731.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 298.88 731.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 321.83 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.10 731.10 Td (17 ) Tj ET Q q 0 0 0 rg BT 351.05 731.10 Td (million ) Tj ET Q q 0 0 0 rg BT 382.89 731.10 Td (related ) Tj ET Q q 0 0 0 rg BT 413.04 731.10 Td (to ) Tj ET Q q 0 0 0 rg BT 423.76 731.10 Td (product ) Tj ET Q q 0 0 0 rg BT 457.26 731.10 Td (mix, ) Tj ET Q q 0 0 0 rg BT 478.26 731.10 Td (and ) Tj ET Q q 0 0 0 rg BT 495.65 731.10 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 510.25 731.10 Td (unfavorable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 719.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 85.38 719.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 122.85 719.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 152.56 719.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.39 719.10 Td (8 ) Tj ET Q q 0 0 0 rg BT 175.89 719.10 Td (million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 695.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.78 695.10 Td (44 ) Tj ET Q q 0 0 0 rg BT 127.01 695.10 Td (million ) Tj ET Q q 0 0 0 rg BT 159.14 695.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 196.78 695.10 Td (in ) Tj ET Q q 0 0 0 rg BT 207.79 695.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 227.13 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.70 695.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 261.37 695.10 Td (related ) Tj ET Q q 0 0 0 rg BT 291.80 695.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.81 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.26 695.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 337.04 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.60 695.10 Td (engines ) Tj ET Q q 0 0 0 rg BT 382.38 695.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.39 695.10 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 431.61 695.10 Td (was ) Tj ET Q q 0 0 0 rg BT 450.40 695.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 479.17 695.10 Td (by ) Tj ET Q q 0 0 0 rg BT 492.41 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.86 695.10 Td (28.0 ) Tj ET Q q 0 0 0 rg BT 528.59 695.10 Td (percent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 683.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 90.76 683.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.88 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.43 683.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 147.77 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.44 683.10 Td (engines ) Tj ET Q q 0 0 0 rg BT 191.33 683.10 Td (shipped ) Tj ET Q q 0 0 0 rg BT 224.78 683.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.90 683.10 Td (Maserati. ) Tj ET Q q 0 0 0 rg BT 274.56 683.10 Td (The ) Tj ET Q q 0 0 0 rg BT 292.44 683.10 Td (17 ) Tj ET Q q 0 0 0 rg BT 309.79 683.10 Td (million ) Tj ET Q q 0 0 0 rg BT 341.02 683.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 376.11 683.10 Td (in ) Tj ET Q q 0 0 0 rg BT 386.23 683.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 404.68 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.35 683.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 437.13 683.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 465.02 683.10 Td (by ) Tj ET Q q 0 0 0 rg BT 477.36 683.10 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 527.46 683.10 Td (product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 671.10 Td (mix ) Tj ET Q q 0 0 0 rg BT 73.01 671.10 Td (was ) Tj ET Q q 0 0 0 rg BT 92.01 671.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 123.23 671.10 Td (due ) Tj ET Q q 0 0 0 rg BT 141.12 671.10 Td (to ) Tj ET Q q 0 0 0 rg BT 152.35 671.10 Td (an ) Tj ET Q q 0 0 0 rg BT 165.24 671.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 201.44 671.10 Td (in ) Tj ET Q q 0 0 0 rg BT 212.67 671.10 Td (LaFerrari ) Tj ET Q q 0 0 0 rg BT 253.87 671.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.76 671.10 Td (FXX ) Tj ET Q q 0 0 0 rg BT 295.21 671.10 Td (K ) Tj ET Q q 0 0 0 rg BT 305.88 671.10 Td (shipments ) Tj ET Q q 0 0 0 rg BT 349.89 671.10 Td (for ) Tj ET Q q 0 0 0 rg BT 365.00 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.67 671.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 401.33 671.10 Td (months ) Tj ET Q q 0 0 0 rg BT 434.23 671.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 461.56 671.10 Td (September ) Tj ET Q q 0 0 0 rg BT 507.77 671.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 523.72 671.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 549.67 671.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 659.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 95.70 659.10 Td (to ) Tj ET Q q 0 0 0 rg BT 105.76 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.25 659.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 139.74 659.10 Td (months ) Tj ET Q q 0 0 0 rg BT 171.47 659.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 197.62 659.10 Td (September ) Tj ET Q q 0 0 0 rg BT 242.66 659.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 257.44 659.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 282.22 659.10 Td (which ) Tj ET Q q 0 0 0 rg BT 308.93 659.10 Td (was ) Tj ET Q q 0 0 0 rg BT 326.76 659.10 Td (only ) Tj ET Q q 0 0 0 rg BT 346.82 659.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 382.41 659.10 Td (of) Tj ET Q q 0 0 0 rg BT 390.56 659.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 407.28 659.10 Td (by ) Tj ET Q q 0 0 0 rg BT 419.55 659.10 Td (an ) Tj ET Q q 0 0 0 rg BT 431.27 659.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 466.30 659.10 Td (in ) Tj ET Q q 0 0 0 rg BT 476.36 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.85 659.10 Td (proportion ) Tj ET Q q 0 0 0 rg BT 535.34 659.10 Td (of ) Tj ET Q q 0 0 0 rg BT 545.79 659.10 Td (V8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 647.10 Td (models ) Tj ET Q q 0 0 0 rg BT 85.39 647.10 Td (shipped, ) Tj ET Q q 0 0 0 rg BT 121.50 647.10 Td (which ) Tj ET Q q 0 0 0 rg BT 148.43 647.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.71 647.10 Td (general ) Tj ET Q q 0 0 0 rg BT 190.64 647.10 Td (have ) Tj ET Q q 0 0 0 rg BT 212.01 647.10 Td (a ) Tj ET Q q 0 0 0 rg BT 218.95 647.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 244.22 647.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 262.83 647.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.66 647.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 295.60 647.10 Td (per ) Tj ET Q q 0 0 0 rg BT 310.87 647.10 Td (unit.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 635.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 623.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 623.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.34 623.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 143.55 623.10 Td (in ) Tj ET Q q 0 0 0 rg BT 153.12 623.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 171.02 623.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.15 623.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 202.38 623.10 Td (as ) Tj ET Q q 0 0 0 rg BT 212.50 623.10 Td (a ) Tj ET Q q 0 0 0 rg BT 218.73 623.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 263.83 623.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.95 623.10 Td (net ) Tj ET Q q 0 0 0 rg BT 287.96 623.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 325.29 623.10 Td (was ) Tj ET Q q 0 0 0 rg BT 342.64 623.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 369.98 623.10 Td (by ) Tj ET Q q 0 0 0 rg BT 381.77 623.10 Td (a ) Tj ET Q q 0 0 0 rg BT 388.00 623.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 424.21 623.10 Td (in ) Tj ET Q q 0 0 0 rg BT 433.78 623.10 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 470.56 623.10 Td (shipments ) Tj ET Q q 0 0 0 rg BT 512.91 623.10 Td (as ) Tj ET Q q 0 0 0 rg BT 523.03 623.10 Td (Maserati ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 611.10 Td (engines ) Tj ET Q q 0 0 0 rg BT 87.05 611.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 123.41 611.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 148.68 611.10 Td (mar) Tj ET Q q 0 0 0 rg BT 164.04 611.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 183.21 611.10 Td (than ) Tj ET Q q 0 0 0 rg BT 202.93 611.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.65 611.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 235.69 611.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.52 611.10 Td (cars ) Tj ET Q q 0 0 0 rg BT 265.12 611.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.06 611.10 Td (spare ) Tj ET Q q 0 0 0 rg BT 305.66 611.10 Td (parts.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 587.10 Td (Selling, ) Tj ET Q q 0 0 0 rg BT 87.90 587.10 Td (general ) Tj ET Q q 0 0 0 rg BT 122.05 587.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.67 587.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 205.39 587.10 Td (costs) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 516.60 150.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 516.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 516.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 516.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 516.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 516.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 516.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 516.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 516.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 516.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 516.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 516.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 516.60 55.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 562.6 m 263.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 562.6 m 267.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 562.6 m 322.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 562.6 m 326.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 562.6 m 381.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 562.6 m 385.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 562.6 m 440.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 562.6 m 499.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 562.6 m 503.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 562.6 m 558.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 530.6 m 263.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 530.6 m 322.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 530.6 m 381.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 530.6 m 440.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 530.6 m 499.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 530.6 m 503.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 530.6 m 558.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 530.6 m 263.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 530.6 m 322.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 530.6 m 381.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 530.6 m 440.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 530.6 m 499.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 530.6 m 503.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 530.6 m 558.5 530.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 244.00 567.05 Td (For the nine months ended September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.15 567.05 Td (Increase/\(decrease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.50 535.05 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.30 553.05 Td (Percentage) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.60 544.05 Td (of net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 277.55 535.05 Td (revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.50 535.05 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.30 553.05 Td (Percentage) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.60 544.05 Td (of net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.55 535.05 Td (revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.60 535.05 Td (2015 vs. 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.45 520.85 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 507.06 Td (Selling, general and administrative) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 498.06 Td (costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 246.50 498.06 Td (232) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 498.06 Td (11.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 498.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 498.06 Td (225) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.75 498.06 Td (11.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 498.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.50 498.06 Td (7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 498.06 Td (3.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 498.06 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 463.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 463.10 Td (Selling, ) Tj ET Q q 0 0 0 rg BT 122.80 463.10 Td (general ) Tj ET Q q 0 0 0 rg BT 154.19 463.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.59 463.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 229.77 463.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 251.73 463.10 Td (for ) Tj ET Q q 0 0 0 rg BT 265.36 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.54 463.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 298.72 463.10 Td (months ) Tj ET Q q 0 0 0 rg BT 330.13 463.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 355.98 463.10 Td (September ) Tj ET Q q 0 0 0 rg BT 400.71 463.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 415.17 463.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 437.14 463.10 Td (were ) Tj ET Q q 0 0 0 rg BT 458.53 463.10 Td (232 ) Tj ET Q q 0 0 0 rg BT 480.50 463.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 513.85 463.10 Td (an ) Tj ET Q q 0 0 0 rg BT 525.26 463.10 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 64.33 451.10 Td (7 ) Tj ET Q q 0 0 0 rg BT 76.33 451.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 109.72 451.10 Td (or ) Tj ET Q q 0 0 0 rg BT 120.06 451.10 Td (3.1 ) Tj ET Q q 0 0 0 rg BT 134.56 451.10 Td (percent, ) Tj ET Q q 0 0 0 rg BT 168.48 451.10 Td (from ) Tj ET Q q 0 0 0 rg BT 189.92 451.10 Td (225 ) Tj ET Q q 0 0 0 rg BT 211.92 451.10 Td (million ) Tj ET Q q 0 0 0 rg BT 242.81 451.10 Td (for ) Tj ET Q q 0 0 0 rg BT 256.48 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.69 451.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 289.91 451.10 Td (months ) Tj ET Q q 0 0 0 rg BT 321.36 451.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 347.24 451.10 Td (September ) Tj ET Q q 0 0 0 rg BT 392.00 451.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 406.50 451.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 430.56 451.10 Td (As ) Tj ET Q q 0 0 0 rg BT 443.68 451.10 Td (a ) Tj ET Q q 0 0 0 rg BT 450.12 451.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 495.42 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.75 451.10 Td (net ) Tj ET Q q 0 0 0 rg BT 519.97 451.10 Td (revenues, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 439.10 Td (selling, ) Tj ET Q q 0 0 0 rg BT 86.01 439.10 Td (general ) Tj ET Q q 0 0 0 rg BT 118.29 439.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.57 439.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 195.63 439.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 218.48 439.10 Td (were ) Tj ET Q q 0 0 0 rg BT 240.76 439.10 Td (1) Tj ET Q q 0 0 0 rg BT 245.39 439.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 260.74 439.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 293.01 439.10 Td (for ) Tj ET Q q 0 0 0 rg BT 307.52 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.58 439.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 342.65 439.10 Td (months ) Tj ET Q q 0 0 0 rg BT 374.95 439.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 401.67 439.10 Td (September ) Tj ET Q q 0 0 0 rg BT 447.29 439.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 462.64 439.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 487.98 439.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 530.26 439.10 Td (to ) Tj ET Q q 0 0 0 rg BT 540.88 439.10 Td (1) Tj ET Q q 0 0 0 rg BT 545.51 439.10 Td (1.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 427.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 85.92 427.10 Td (for ) Tj ET Q q 0 0 0 rg BT 100.08 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.80 427.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 134.52 427.10 Td (months ) Tj ET Q q 0 0 0 rg BT 166.47 427.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 192.84 427.10 Td (September ) Tj ET Q q 0 0 0 rg BT 238.11 427.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 253.11 427.10 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 403.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 403.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.47 403.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 144.15 403.10 Td (in ) Tj ET Q q 0 0 0 rg BT 154.85 403.10 Td (selling, ) Tj ET Q q 0 0 0 rg BT 186.93 403.10 Td (general ) Tj ET Q q 0 0 0 rg BT 219.28 403.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.64 403.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 296.77 403.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 319.69 403.10 Td (was ) Tj ET Q q 0 0 0 rg BT 338.17 403.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 368.86 403.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 417.32 403.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.02 403.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 440.38 403.10 Td (consultancy ) Tj ET Q q 0 0 0 rg BT 491.07 403.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 513.99 403.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 550.23 403.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 391.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 86.69 391.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.62 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.98 391.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 136.46 391.10 Td (public ) Tj ET Q q 0 0 0 rg BT 163.60 391.10 Td (of) Tj ET Q q 0 0 0 rg BT 171.75 391.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 197.77 391.10 Td (amounting ) Tj ET Q q 0 0 0 rg BT 242.69 391.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.62 391.10 Td (1) Tj ET Q q 0 0 0 rg BT 262.25 391.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 269.40 391.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 302.94 391.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 317.30 391.10 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 367.20 391.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 398.23 391.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 435.35 391.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 464.71 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.19 391.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 487.33 391.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 520.87 391.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 538.01 391.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 379.10 Td (related ) Tj ET Q q 0 0 0 rg BT 84.37 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.31 379.10 Td (new ) Tj ET Q q 0 0 0 rg BT 115.13 379.10 Td (store ) Tj ET Q q 0 0 0 rg BT 137.73 379.10 Td (openings ) Tj ET Q q 0 0 0 rg BT 177.00 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.50 379.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 201.66 379.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 236.21 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.82 379.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 271.42 379.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 294.58 379.10 Td (related ) Tj ET Q q 0 0 0 rg BT 324.95 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.89 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.27 379.10 Td (launch ) Tj ET Q q 0 0 0 rg BT 381.08 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.58 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.96 379.10 Td (488 ) Tj ET Q q 0 0 0 rg BT 426.12 379.10 Td (GTB ) Tj ET Q q 0 0 0 rg BT 449.28 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.89 379.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 507.80 379.10 Td (events ) Tj ET Q q 0 0 0 rg BT 536.51 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.01 379.10 Td (3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 367.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 87.86 367.10 Td (which ) Tj ET Q q 0 0 0 rg BT 114.77 367.10 Td (were ) Tj ET Q q 0 0 0 rg BT 136.66 367.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 172.45 367.10 Td (of) Tj ET Q q 0 0 0 rg BT 180.60 367.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 197.51 367.10 Td (by ) Tj ET Q q 0 0 0 rg BT 209.98 367.10 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 224.10 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.79 367.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 268.47 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.27 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.95 367.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 332.52 367.10 Td (related ) Tj ET Q q 0 0 0 rg BT 362.19 367.10 Td (to ) Tj ET Q q 0 0 0 rg BT 372.44 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.12 367.10 Td (resignation ) Tj ET Q q 0 0 0 rg BT 434.02 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.82 367.10 Td (our ) Tj ET Q q 0 0 0 rg BT 460.62 367.10 Td (former ) Tj ET Q q 0 0 0 rg BT 490.30 367.10 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 532.20 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 543.00 367.10 Td (15 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 355.10 Td (million ) Tj ET Q q 0 0 0 rg BT 85.39 355.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 121.21 355.10 Td (in ) Tj ET Q q 0 0 0 rg BT 131.49 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.20 355.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 165.92 355.10 Td (months ) Tj ET Q q 0 0 0 rg BT 197.87 355.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 224.24 355.10 Td (September ) Tj ET Q q 0 0 0 rg BT 269.51 355.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 284.51 355.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 309.51 355.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.45 355.10 Td (\(vi\) ) Tj ET Q q 0 0 0 rg BT 343.38 355.10 Td (a ) Tj ET Q q 0 0 0 rg BT 350.32 355.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 387.24 355.10 Td (in ) Tj ET Q q 0 0 0 rg BT 397.52 355.10 Td (other ) Tj ET Q q 0 0 0 rg BT 420.56 355.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 443.06 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.89 355.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 466.39 355.10 Td (million.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 331.10 Td (Resear) Tj ET Q q 0 0 0 rg BT 83.25 331.10 Td (ch and development costs) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 260.60 150.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 260.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 260.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 260.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 260.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 260.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 260.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 260.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 260.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 260.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 260.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 260.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 260.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 214.60 150.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 214.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 214.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 214.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 214.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 214.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 214.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 214.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 214.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 214.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 214.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 214.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 214.60 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 306.6 m 263.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 306.6 m 267.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 306.6 m 322.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 306.6 m 326.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 306.6 m 381.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 306.6 m 385.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 306.6 m 440.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 306.6 m 499.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 306.6 m 503.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 306.6 m 558.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 274.6 m 263.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 274.6 m 322.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 274.6 m 381.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 274.6 m 440.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 274.6 m 499.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 274.6 m 503.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 274.6 m 558.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 274.6 m 263.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 274.6 m 322.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 274.6 m 381.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 274.6 m 440.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 274.6 m 499.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 274.6 m 503.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 274.6 m 558.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 214.60000000000002 m 263.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 201.60000000000002 m 263.5 201.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 199.60000000000002 m 263.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 214.60000000000002 m 322.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 201.60000000000002 m 322.5 201.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 199.60000000000002 m 322.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 214.60000000000002 m 381.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 201.60000000000002 m 381.5 201.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 199.60000000000002 m 381.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 214.60000000000002 m 440.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 201.60000000000002 m 440.5 201.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 199.60000000000002 m 440.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 214.60000000000002 m 499.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 201.60000000000002 m 499.5 201.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 199.60000000000002 m 499.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 214.60000000000002 m 558.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 201.60000000000002 m 558.5 201.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 199.60000000000002 m 558.5 199.60000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 244.00 311.05 Td (For the nine months ended September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.15 311.05 Td (Increase/\(decrease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.50 279.05 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.30 297.05 Td (Percentage) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.60 288.05 Td (of net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 277.55 279.05 Td (revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.50 279.05 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.30 297.05 Td (Percentage) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.60 288.05 Td (of net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.55 279.05 Td (revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.60 279.05 Td (2015 vs. 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.45 264.85 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 251.06 Td (Amortization of capitalized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 242.06 Td (development costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 242.06 Td (87) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.75 242.06 Td (4.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 242.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 242.06 Td (93) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.75 242.06 Td (4.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 242.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.00 242.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 242.06 Td (\(6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 242.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 242.06 Td (\(6.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.50 242.06 Td (\)%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 228.06 Td (Research and development costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 219.06 Td (expensed during the period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 246.50 219.06 Td (334) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.25 219.06 Td (15.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 219.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 219.06 Td (299) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.25 219.06 Td (14.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 219.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.00 219.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 219.06 Td (35) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.75 219.06 Td (11.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 219.06 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 205.05 Td (Research and development costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 246.50 205.05 Td (421) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 297.25 205.05 Td (20.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 313.00 205.05 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.50 205.05 Td (392) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.25 205.05 Td (19.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.00 205.05 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.00 205.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.00 205.05 Td (29) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.25 205.05 Td (7.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 205.05 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 189.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 177.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 177.10 Td (Research ) Tj ET Q q 0 0 0 rg BT 128.83 177.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.44 177.10 Td (development ) Tj ET Q q 0 0 0 rg BT 199.27 177.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 221.46 177.10 Td (for ) Tj ET Q q 0 0 0 rg BT 235.30 177.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.69 177.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 269.09 177.10 Td (months ) Tj ET Q q 0 0 0 rg BT 300.72 177.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 326.77 177.10 Td (September ) Tj ET Q q 0 0 0 rg BT 371.72 177.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 386.40 177.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 408.58 177.10 Td (were ) Tj ET Q q 0 0 0 rg BT 430.19 177.10 Td (421 ) Tj ET Q q 0 0 0 rg BT 452.37 177.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 485.94 177.10 Td (an ) Tj ET Q q 0 0 0 rg BT 497.56 177.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 532.49 177.10 Td (of ) Tj ET Q q 0 0 0 rg BT 543.00 177.10 Td (29 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 165.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 88.52 165.10 Td (or ) Tj ET Q q 0 0 0 rg BT 99.98 165.10 Td (7.4 ) Tj ET Q q 0 0 0 rg BT 115.61 165.10 Td (percent, ) Tj ET Q q 0 0 0 rg BT 150.67 165.10 Td (from ) Tj ET Q q 0 0 0 rg BT 173.23 165.10 Td (392 ) Tj ET Q q 0 0 0 rg BT 196.36 165.10 Td (million ) Tj ET Q q 0 0 0 rg BT 228.38 165.10 Td (for ) Tj ET Q q 0 0 0 rg BT 243.17 165.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.52 165.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 278.87 165.10 Td (months ) Tj ET Q q 0 0 0 rg BT 311.45 165.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 338.45 165.10 Td (September ) Tj ET Q q 0 0 0 rg BT 384.35 165.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 399.98 165.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 424.92 165.10 Td (As ) Tj ET Q q 0 0 0 rg BT 439.16 165.10 Td (a ) Tj ET Q q 0 0 0 rg BT 446.73 165.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 493.16 165.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.62 165.10 Td (net ) Tj ET Q q 0 0 0 rg BT 519.96 165.10 Td (revenues, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 153.10 Td (research ) Tj ET Q q 0 0 0 rg BT 89.43 153.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.99 153.10 Td (development ) Tj ET Q q 0 0 0 rg BT 159.76 153.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 181.88 153.10 Td (were ) Tj ET Q q 0 0 0 rg BT 203.43 153.10 Td (20.0 ) Tj ET Q q 0 0 0 rg BT 223.05 153.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 254.59 153.10 Td (for ) Tj ET Q q 0 0 0 rg BT 268.37 153.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.71 153.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 302.05 153.10 Td (months ) Tj ET Q q 0 0 0 rg BT 333.62 153.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 359.61 153.10 Td (September ) Tj ET Q q 0 0 0 rg BT 404.50 153.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 419.12 153.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 443.74 153.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 485.28 153.10 Td (to ) Tj ET Q q 0 0 0 rg BT 495.18 153.10 Td (19.5 ) Tj ET Q q 0 0 0 rg BT 514.80 153.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 546.35 153.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 141.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.72 141.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 88.43 141.10 Td (months ) Tj ET Q q 0 0 0 rg BT 120.38 141.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 146.76 141.10 Td (September ) Tj ET Q q 0 0 0 rg BT 192.02 141.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 207.02 141.10 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 129.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 117.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 117.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.70 117.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 142.60 117.10 Td (in ) Tj ET Q q 0 0 0 rg BT 152.53 117.10 Td (research ) Tj ET Q q 0 0 0 rg BT 187.98 117.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.57 117.10 Td (development ) Tj ET Q q 0 0 0 rg BT 258.37 117.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 280.52 117.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 319.88 117.10 Td (during ) Tj ET Q q 0 0 0 rg BT 348.14 117.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.50 117.10 Td (period ) Tj ET Q q 0 0 0 rg BT 390.20 117.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.68 117.10 Td (35 ) Tj ET Q q 0 0 0 rg BT 417.83 117.10 Td (million ) Tj ET Q q 0 0 0 rg BT 448.87 117.10 Td (was ) Tj ET Q q 0 0 0 rg BT 466.57 117.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 505.94 117.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 533.63 117.10 Td (by ) Tj ET Q q 0 0 0 rg BT 545.78 117.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 105.10 Td (Formula ) Tj ET Q q 0 0 0 rg BT 90.14 105.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 97.40 105.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 138.26 105.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.95 105.10 Td (in ) Tj ET Q q 0 0 0 rg BT 164.99 105.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 205.56 105.10 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 246.12 105.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.60 105.10 Td (Group) Tj ET Q q 0 0 0 rg BT 288.93 105.10 Td (s ) Tj ET Q q 0 0 0 rg BT 295.08 105.10 Td (ef) Tj ET Q q 0 0 0 rg BT 302.67 105.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 323.25 105.10 Td (related ) Tj ET Q q 0 0 0 rg BT 352.71 105.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.75 105.10 Td (power ) Tj ET Q q 0 0 0 rg BT 390.00 105.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 407.81 105.10 Td (projects, ) Tj ET Q q 0 0 0 rg BT 444.22 105.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 479.80 105.10 Td (of) Tj ET Q q 0 0 0 rg BT 487.95 105.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 504.65 105.10 Td (by ) Tj ET Q q 0 0 0 rg BT 516.90 105.10 Td (a ) Tj ET Q q 0 0 0 rg BT 523.60 105.10 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 93.10 Td (in ) Tj ET Q q 0 0 0 rg BT 63.63 93.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.70 93.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 130.09 93.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.27 93.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 185.43 93.10 Td (development ) Tj ET Q q 0 0 0 rg BT 238.93 93.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 260.78 93.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.96 93.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 282.82 93.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 316.06 93.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 355.12 93.10 Td (due ) Tj ET Q q 0 0 0 rg BT 371.42 93.10 Td (to ) Tj ET Q q 0 0 0 rg BT 381.05 93.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.11 93.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 441.96 93.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.14 93.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 504.53 93.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.71 93.10 Td (capitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 81.10 Td (development ) Tj ET Q q 0 0 0 rg BT 108.15 81.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 130.65 81.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 163.69 81.10 Td (to ) Tj ET Q q 0 0 0 rg BT 173.97 81.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.69 81.10 Td (458 ) Tj ET Q q 0 0 0 rg BT 206.19 81.10 Td (Italia ) Tj ET Q q 0 0 0 rg BT 229.23 81.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.17 81.10 Td (458 ) Tj ET Q q 0 0 0 rg BT 263.67 81.10 Td (Spider) Tj ET Q q 0 0 0 rg BT 289.38 81.10 Td (, ) Tj ET Q q 0 0 0 rg BT 294.38 81.10 Td (as ) Tj ET Q q 0 0 0 rg BT 305.21 81.10 Td (these ) Tj ET Q q 0 0 0 rg BT 328.25 81.10 Td (models ) Tj ET Q q 0 0 0 rg BT 359.64 81.10 Td (reach ) Tj ET Q q 0 0 0 rg BT 383.79 81.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.50 81.10 Td (end ) Tj ET Q q 0 0 0 rg BT 415.44 81.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.27 81.10 Td (their ) Tj ET Q q 0 0 0 rg BT 447.10 81.10 Td (planned ) Tj ET Q q 0 0 0 rg BT 481.25 81.10 Td (lifecycle.) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 41.20 Td (18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 731.25 Td (Other) Tj ET Q q 0 0 0 rg BT 79.37 731.25 Td ( expenses/\(income\), net) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 677.75 168.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 677.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 677.75 80.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 677.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 677.75 80.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 677.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 677.75 80.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 677.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 677.75 80.00 -17.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 706.75 m 306.5 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 706.75 m 310.5 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 706.75 m 390.5 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 706.75 m 394.5 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 706.75 m 474.5 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 706.75 m 478.5 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 706.75 m 558.5 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 690.75 m 306.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 690.75 m 390.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 690.75 m 474.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 690.75 m 478.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 690.75 m 558.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 690.75 m 306.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 690.75 m 390.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 690.75 m 474.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 690.75 m 478.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 690.75 m 558.5 690.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 230.00 711.20 Td (For the nine months ended September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 439.15 711.20 Td (Increase/\(decrease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 257.00 695.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.00 695.20 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.60 695.20 Td (2015 vs. 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.45 682.00 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 665.21 Td (Other expenses/\(income\), net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.50 665.21 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.50 665.21 Td (\(2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.00 665.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.00 665.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.50 665.21 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.95 665.21 Td (n.m.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 637.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 637.25 Td (For ) Tj ET Q q 0 0 0 rg BT 106.24 637.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.80 637.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 140.37 637.25 Td (months ) Tj ET Q q 0 0 0 rg BT 172.16 637.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 198.39 637.25 Td (September ) Tj ET Q q 0 0 0 rg BT 243.50 637.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 258.35 637.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 283.20 637.25 Td (other ) Tj ET Q q 0 0 0 rg BT 306.09 637.25 Td (expenses/\(income\), ) Tj ET Q q 0 0 0 rg BT 385.91 637.25 Td (net ) Tj ET Q q 0 0 0 rg BT 400.47 637.25 Td (included ) Tj ET Q q 0 0 0 rg BT 437.25 637.25 Td (other ) Tj ET Q q 0 0 0 rg BT 460.15 637.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 498.59 637.25 Td (of ) Tj ET Q q 0 0 0 rg BT 509.27 637.25 Td (19 ) Tj ET Q q 0 0 0 rg BT 526.62 637.25 Td (million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 625.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 83.84 625.25 Td (composed ) Tj ET Q q 0 0 0 rg BT 126.45 625.25 Td (of ) Tj ET Q q 0 0 0 rg BT 136.85 625.25 Td (8 ) Tj ET Q q 0 0 0 rg BT 148.91 625.25 Td (million ) Tj ET Q q 0 0 0 rg BT 179.87 625.25 Td (related ) Tj ET Q q 0 0 0 rg BT 209.14 625.25 Td (to ) Tj ET Q q 0 0 0 rg BT 218.98 625.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 262.72 625.25 Td (and ) Tj ET Q q 0 0 0 rg BT 279.22 625.25 Td (1) Tj ET Q q 0 0 0 rg BT 288.85 625.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 295.91 625.25 Td (million ) Tj ET Q q 0 0 0 rg BT 326.87 625.25 Td (related ) Tj ET Q q 0 0 0 rg BT 356.14 625.25 Td (to ) Tj ET Q q 0 0 0 rg BT 365.98 625.25 Td (miscellaneous ) Tj ET Q q 0 0 0 rg BT 424.70 625.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 465.36 625.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 500.75 625.25 Td (of) Tj ET Q q 0 0 0 rg BT 508.90 625.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 525.40 625.25 Td (by ) Tj ET Q q 0 0 0 rg BT 537.47 625.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 613.25 Td (income ) Tj ET Q q 0 0 0 rg BT 85.19 613.25 Td (of ) Tj ET Q q 0 0 0 rg BT 95.28 613.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 112.04 613.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 145.20 613.25 Td (including ) Tj ET Q q 0 0 0 rg BT 184.73 613.25 Td (a ) Tj ET Q q 0 0 0 rg BT 190.93 613.25 Td (6 ) Tj ET Q q 0 0 0 rg BT 202.69 613.25 Td (million ) Tj ET Q q 0 0 0 rg BT 233.34 613.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 252.32 613.25 Td (on ) Tj ET Q q 0 0 0 rg BT 264.08 613.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 298.62 613.25 Td (of ) Tj ET Q q 0 0 0 rg BT 308.71 613.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 333.80 613.25 Td (and ) Tj ET Q q 0 0 0 rg BT 350.00 613.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 388.97 613.25 Td (related ) Tj ET Q q 0 0 0 rg BT 417.94 613.25 Td (to ) Tj ET Q q 0 0 0 rg BT 427.47 613.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 473.12 613.25 Td (properties, ) Tj ET Q q 0 0 0 rg BT 517.36 613.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 529.12 613.25 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 601.25 Td (related ) Tj ET Q q 0 0 0 rg BT 83.70 601.25 Td (to ) Tj ET Q q 0 0 0 rg BT 93.98 601.25 Td (rental ) Tj ET Q q 0 0 0 rg BT 119.24 601.25 Td (income ) Tj ET Q q 0 0 0 rg BT 151.18 601.25 Td (and ) Tj ET Q q 0 0 0 rg BT 168.12 601.25 Td (7 ) Tj ET Q q 0 0 0 rg BT 180.62 601.25 Td (million ) Tj ET Q q 0 0 0 rg BT 212.01 601.25 Td (related ) Tj ET Q q 0 0 0 rg BT 241.71 601.25 Td (to ) Tj ET Q q 0 0 0 rg BT 251.99 601.25 Td (miscellaneous ) Tj ET Q q 0 0 0 rg BT 311.14 601.25 Td (income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 577.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 577.25 Td (For ) Tj ET Q q 0 0 0 rg BT 106.24 577.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.80 577.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 140.37 577.25 Td (months ) Tj ET Q q 0 0 0 rg BT 172.16 577.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 198.39 577.25 Td (September ) Tj ET Q q 0 0 0 rg BT 243.50 577.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 258.35 577.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 283.20 577.25 Td (other ) Tj ET Q q 0 0 0 rg BT 306.09 577.25 Td (expenses/\(income\), ) Tj ET Q q 0 0 0 rg BT 385.91 577.25 Td (net ) Tj ET Q q 0 0 0 rg BT 400.47 577.25 Td (included ) Tj ET Q q 0 0 0 rg BT 437.25 577.25 Td (other ) Tj ET Q q 0 0 0 rg BT 460.15 577.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 498.59 577.25 Td (of ) Tj ET Q q 0 0 0 rg BT 509.27 577.25 Td (14 ) Tj ET Q q 0 0 0 rg BT 526.62 577.25 Td (million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 565.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 83.74 565.25 Td (composed ) Tj ET Q q 0 0 0 rg BT 126.25 565.25 Td (of ) Tj ET Q q 0 0 0 rg BT 136.55 565.25 Td (5 ) Tj ET Q q 0 0 0 rg BT 148.52 565.25 Td (million ) Tj ET Q q 0 0 0 rg BT 179.38 565.25 Td (related ) Tj ET Q q 0 0 0 rg BT 208.54 565.25 Td (to ) Tj ET Q q 0 0 0 rg BT 218.29 565.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 261.93 565.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.33 565.25 Td (9 ) Tj ET Q q 0 0 0 rg BT 290.30 565.25 Td (million ) Tj ET Q q 0 0 0 rg BT 321.16 565.25 Td (related ) Tj ET Q q 0 0 0 rg BT 350.33 565.25 Td (to ) Tj ET Q q 0 0 0 rg BT 360.07 565.25 Td (miscellaneous ) Tj ET Q q 0 0 0 rg BT 418.69 565.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 459.25 565.25 Td (more ) Tj ET Q q 0 0 0 rg BT 481.77 565.25 Td (than ) Tj ET Q q 0 0 0 rg BT 500.95 565.25 Td (of) Tj ET Q q 0 0 0 rg BT 509.10 565.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 525.51 565.25 Td (by ) Tj ET Q q 0 0 0 rg BT 537.47 565.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 553.25 Td (income ) Tj ET Q q 0 0 0 rg BT 85.93 553.25 Td (of ) Tj ET Q q 0 0 0 rg BT 96.76 553.25 Td (16 ) Tj ET Q q 0 0 0 rg BT 114.26 553.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 148.16 553.25 Td (including ) Tj ET Q q 0 0 0 rg BT 188.43 553.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 200.93 553.25 Td (million ) Tj ET Q q 0 0 0 rg BT 232.32 553.25 Td (related ) Tj ET Q q 0 0 0 rg BT 262.02 553.25 Td (to ) Tj ET Q q 0 0 0 rg BT 272.30 553.25 Td (rental ) Tj ET Q q 0 0 0 rg BT 297.56 553.25 Td (income ) Tj ET Q q 0 0 0 rg BT 329.50 553.25 Td (and ) Tj ET Q q 0 0 0 rg BT 346.44 553.25 Td (14 ) Tj ET Q q 0 0 0 rg BT 363.94 553.25 Td (million ) Tj ET Q q 0 0 0 rg BT 395.33 553.25 Td (related ) Tj ET Q q 0 0 0 rg BT 425.03 553.25 Td (to ) Tj ET Q q 0 0 0 rg BT 435.31 553.25 Td (miscellaneous ) Tj ET Q q 0 0 0 rg BT 494.46 553.25 Td (income.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 529.25 Td (EBIT) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 458.75 150.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 458.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 458.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 458.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 458.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 458.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 458.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 458.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 458.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 458.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 458.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 458.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 458.75 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 504.75 m 263.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 504.75 m 267.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 504.75 m 322.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 504.75 m 326.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 504.75 m 381.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 504.75 m 385.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 504.75 m 440.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 504.75 m 499.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 504.75 m 503.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 504.75 m 558.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 472.75 m 263.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 472.75 m 322.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 472.75 m 381.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 472.75 m 440.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 472.75 m 499.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 472.75 m 503.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 472.75 m 558.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 472.75 m 263.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 472.75 m 322.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 472.75 m 381.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 472.75 m 440.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 472.75 m 499.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 472.75 m 503.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 472.75 m 558.5 472.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 244.00 509.20 Td (For the nine months ended September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.15 509.20 Td (Increase/\(decrease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.50 477.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.30 495.20 Td (Percentage) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.60 486.20 Td (of net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 277.55 477.20 Td (revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.50 477.20 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.30 495.20 Td (Percentage) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.60 486.20 Td (of net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.55 477.20 Td (revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.60 477.20 Td (2015 vs. 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.45 463.00 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 449.21 Td (EBIT) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 246.50 449.21 Td (359) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 449.21 Td (17.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 449.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 449.21 Td (274) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.75 449.21 Td (13.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 449.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.00 449.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 449.21 Td (85) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 449.21 Td (31.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 449.21 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 414.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 414.25 Td (EBIT) Tj ET Q q 0 0 0 rg BT 112.04 414.25 Td ( ) Tj ET Q q 0 0 0 rg BT 114.91 414.25 Td (for ) Tj ET Q q 0 0 0 rg BT 129.45 414.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.55 414.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 164.64 414.25 Td (months ) Tj ET Q q 0 0 0 rg BT 196.97 414.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 223.72 414.25 Td (September ) Tj ET Q q 0 0 0 rg BT 269.36 414.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 284.74 414.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 307.62 414.25 Td (was ) Tj ET Q q 0 0 0 rg BT 326.04 414.25 Td (359 ) Tj ET Q q 0 0 0 rg BT 348.92 414.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 383.19 414.25 Td (an ) Tj ET Q q 0 0 0 rg BT 395.51 414.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 431.14 414.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.35 414.25 Td (85 ) Tj ET Q q 0 0 0 rg BT 460.22 414.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 494.49 414.25 Td (or ) Tj ET Q q 0 0 0 rg BT 505.70 414.25 Td (31.0 ) Tj ET Q q 0 0 0 rg BT 526.08 414.25 Td (percent, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 402.25 Td (from ) Tj ET Q q 0 0 0 rg BT 75.94 402.25 Td (274 ) Tj ET Q q 0 0 0 rg BT 98.44 402.25 Td (million ) Tj ET Q q 0 0 0 rg BT 129.83 402.25 Td (for ) Tj ET Q q 0 0 0 rg BT 143.99 402.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.71 402.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 178.42 402.25 Td (months ) Tj ET Q q 0 0 0 rg BT 210.37 402.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 236.75 402.25 Td (September ) Tj ET Q q 0 0 0 rg BT 282.01 402.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 297.01 402.25 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 378.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 378.25 Td (The ) Tj ET Q q 0 0 0 rg BT 108.12 378.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 143.44 378.25 Td (in ) Tj ET Q q 0 0 0 rg BT 153.79 378.25 Td (EBIT) Tj ET Q q 0 0 0 rg BT 175.82 378.25 Td ( ) Tj ET Q q 0 0 0 rg BT 178.39 378.25 Td (was ) Tj ET Q q 0 0 0 rg BT 196.52 378.25 Td (due ) Tj ET Q q 0 0 0 rg BT 213.52 378.25 Td (to ) Tj ET Q q 0 0 0 rg BT 223.87 378.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 235.88 378.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 276.20 378.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 308.77 378.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 338.55 378.25 Td (of ) Tj ET Q q 0 0 0 rg BT 349.45 378.25 Td (38 ) Tj ET Q q 0 0 0 rg BT 367.02 378.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 400.98 378.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 415.77 378.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 456.09 378.25 Td (product ) Tj ET Q q 0 0 0 rg BT 489.21 378.25 Td (mix ) Tj ET Q q 0 0 0 rg BT 507.34 378.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 537.12 378.25 Td (of ) Tj ET Q q 0 0 0 rg BT 548.02 378.25 Td (9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 366.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 87.86 366.25 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 105.33 366.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 145.55 366.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 176.90 366.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 214.35 366.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 254.57 366.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 284.25 366.25 Td (of ) Tj ET Q q 0 0 0 rg BT 295.05 366.25 Td (35 ) Tj ET Q q 0 0 0 rg BT 312.53 366.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 346.39 366.25 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 363.30 366.25 Td (a ) Tj ET Q q 0 0 0 rg BT 370.21 366.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 389.89 366.25 Td (on ) Tj ET Q q 0 0 0 rg BT 402.36 366.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 437.61 366.25 Td (of ) Tj ET Q q 0 0 0 rg BT 448.41 366.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 474.21 366.25 Td (and ) Tj ET Q q 0 0 0 rg BT 491.12 366.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 530.81 366.25 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 354.25 Td (to ) Tj ET Q q 0 0 0 rg BT 65.02 354.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 112.14 354.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 155.36 354.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.93 354.25 Td (6 ) Tj ET Q q 0 0 0 rg BT 180.17 354.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 214.81 354.25 Td (and ) Tj ET Q q 0 0 0 rg BT 232.48 354.25 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 247.38 354.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 290.04 354.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 313.28 354.25 Td (related ) Tj ET Q q 0 0 0 rg BT 343.72 354.25 Td (to ) Tj ET Q q 0 0 0 rg BT 354.74 354.25 Td (supporting ) Tj ET Q q 0 0 0 rg BT 400.76 354.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 440.09 354.25 Td (and ) Tj ET Q q 0 0 0 rg BT 457.77 354.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 495.99 354.25 Td (services ) Tj ET Q q 0 0 0 rg BT 531.44 354.25 Td (of ) Tj ET Q q 0 0 0 rg BT 543.01 354.25 Td (33 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 342.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 88.04 342.25 Td (which ) Tj ET Q q 0 0 0 rg BT 115.13 342.25 Td (were ) Tj ET Q q 0 0 0 rg BT 137.20 342.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 173.17 342.25 Td (of) Tj ET Q q 0 0 0 rg BT 181.32 342.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 198.41 342.25 Td (by ) Tj ET Q q 0 0 0 rg BT 211.05 342.25 Td (\(vi\) ) Tj ET Q q 0 0 0 rg BT 228.14 342.25 Td (an ) Tj ET Q q 0 0 0 rg BT 240.23 342.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 275.63 342.25 Td (in ) Tj ET Q q 0 0 0 rg BT 286.06 342.25 Td (research ) Tj ET Q q 0 0 0 rg BT 322.01 342.25 Td (and ) Tj ET Q q 0 0 0 rg BT 339.10 342.25 Td (development ) Tj ET Q q 0 0 0 rg BT 393.39 342.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 416.04 342.25 Td (of ) Tj ET Q q 0 0 0 rg BT 427.02 342.25 Td (29 ) Tj ET Q q 0 0 0 rg BT 444.67 342.25 Td (million ) Tj ET Q q 0 0 0 rg BT 476.21 342.25 Td (and ) Tj ET Q q 0 0 0 rg BT 493.29 342.25 Td (\(vii\) ) Tj ET Q q 0 0 0 rg BT 513.16 342.25 Td (an ) Tj ET Q q 0 0 0 rg BT 525.25 342.25 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 330.25 Td (in ) Tj ET Q q 0 0 0 rg BT 64.28 330.25 Td (selling, ) Tj ET Q q 0 0 0 rg BT 95.94 330.25 Td (general ) Tj ET Q q 0 0 0 rg BT 127.87 330.25 Td (and ) Tj ET Q q 0 0 0 rg BT 144.81 330.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 204.51 330.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 227.01 330.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.84 330.25 Td (7 ) Tj ET Q q 0 0 0 rg BT 250.34 330.25 Td (million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 294.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 294.25 Td (The ) Tj ET Q q 0 0 0 rg BT 107.74 294.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 141.60 294.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 173.80 294.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 203.20 294.25 Td (of ) Tj ET Q q 0 0 0 rg BT 213.73 294.25 Td (38 ) Tj ET Q q 0 0 0 rg BT 230.93 294.25 Td (million ) Tj ET Q q 0 0 0 rg BT 262.01 294.25 Td (was ) Tj ET Q q 0 0 0 rg BT 279.76 294.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 319.17 294.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 366.90 294.25 Td (to ) Tj ET Q q 0 0 0 rg BT 376.88 294.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.29 294.25 Td (5.9 ) Tj ET Q q 0 0 0 rg BT 405.99 294.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 437.61 294.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 472.56 294.25 Td (in ) Tj ET Q q 0 0 0 rg BT 482.53 294.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 525.29 294.25 Td (of ) Tj ET Q q 0 0 0 rg BT 535.81 294.25 Td (range ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 282.25 Td (and ) Tj ET Q q 0 0 0 rg BT 70.62 282.25 Td (special ) Tj ET Q q 0 0 0 rg BT 100.57 282.25 Td (series ) Tj ET Q q 0 0 0 rg BT 125.52 282.25 Td (cars, ) Tj ET Q q 0 0 0 rg BT 146.30 282.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 174.03 282.25 Td (by ) Tj ET Q q 0 0 0 rg BT 186.05 282.25 Td (V8 ) Tj ET Q q 0 0 0 rg BT 200.46 282.25 Td (models ) Tj ET Q q 0 0 0 rg BT 231.53 282.25 Td (and ) Tj ET Q q 0 0 0 rg BT 248.15 282.25 Td (in ) Tj ET Q q 0 0 0 rg BT 258.11 282.25 Td (particular) Tj ET Q q 0 0 0 rg BT 296.02 282.25 Td (, ) Tj ET Q q 0 0 0 rg BT 300.70 282.25 Td (the ) Tj ET Q q 0 0 0 rg BT 315.10 282.25 Td (California ) Tj ET Q q 0 0 0 rg BT 357.67 282.25 Td (T) Tj ET Q q 0 0 0 rg BT 363.04 282.25 Td (, ) Tj ET Q q 0 0 0 rg BT 367.72 282.25 Td (the ) Tj ET Q q 0 0 0 rg BT 382.12 282.25 Td (458 ) Tj ET Q q 0 0 0 rg BT 399.30 282.25 Td (Speciale ) Tj ET Q q 0 0 0 rg BT 434.87 282.25 Td (Aperta ) Tj ET Q q 0 0 0 rg BT 464.26 282.25 Td (and ) Tj ET Q q 0 0 0 rg BT 480.88 282.25 Td (the ) Tj ET Q q 0 0 0 rg BT 495.28 282.25 Td (newly ) Tj ET Q q 0 0 0 rg BT 521.90 282.25 Td (launched ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 270.25 Td (488 ) Tj ET Q q 0 0 0 rg BT 71.65 270.25 Td (GTB. ) Tj ET Q q 0 0 0 rg BT 96.60 270.25 Td (The ) Tj ET Q q 0 0 0 rg BT 114.79 270.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 149.11 270.25 Td (product ) Tj ET Q q 0 0 0 rg BT 182.30 270.25 Td (mix ) Tj ET Q q 0 0 0 rg BT 200.50 270.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 230.36 270.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.34 270.25 Td (9 ) Tj ET Q q 0 0 0 rg BT 253.98 270.25 Td (million ) Tj ET Q q 0 0 0 rg BT 285.52 270.25 Td (was ) Tj ET Q q 0 0 0 rg BT 303.72 270.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 343.58 270.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 371.77 270.25 Td (by ) Tj ET Q q 0 0 0 rg BT 384.42 270.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 423.71 270.25 Td (in ) Tj ET Q q 0 0 0 rg BT 434.14 270.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 477.34 270.25 Td (of ) Tj ET Q q 0 0 0 rg BT 488.32 270.25 Td (the ) Tj ET Q q 0 0 0 rg BT 503.18 270.25 Td (LaFerrari ) Tj ET Q q 0 0 0 rg BT 543.58 270.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 258.25 Td (the ) Tj ET Q q 0 0 0 rg BT 68.70 258.25 Td (FXX ) Tj ET Q q 0 0 0 rg BT 91.19 258.25 Td (K, ) Tj ET Q q 0 0 0 rg BT 103.39 258.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 139.20 258.25 Td (of) Tj ET Q q 0 0 0 rg BT 147.34 258.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 164.27 258.25 Td (by ) Tj ET Q q 0 0 0 rg BT 176.75 258.25 Td (an ) Tj ET Q q 0 0 0 rg BT 188.67 258.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 223.91 258.25 Td (in ) Tj ET Q q 0 0 0 rg BT 234.17 258.25 Td (the ) Tj ET Q q 0 0 0 rg BT 248.87 258.25 Td (proportion ) Tj ET Q q 0 0 0 rg BT 293.57 258.25 Td (of ) Tj ET Q q 0 0 0 rg BT 304.38 258.25 Td (total ) Tj ET Q q 0 0 0 rg BT 324.64 258.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 367.68 258.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 416.24 258.25 Td (by ) Tj ET Q q 0 0 0 rg BT 428.55 258.25 Td (V8 ) Tj ET Q q 0 0 0 rg BT 443.25 258.25 Td (models. ) Tj ET Q q 0 0 0 rg BT 476.94 258.25 Td (The ) Tj ET Q q 0 0 0 rg BT 494.97 258.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 529.12 258.25 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 246.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 91.81 246.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 132.41 246.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 162.46 246.25 Td (was ) Tj ET Q q 0 0 0 rg BT 180.85 246.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 220.90 246.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 249.28 246.25 Td (by ) Tj ET Q q 0 0 0 rg BT 262.12 246.25 Td (the ) Tj ET Q q 0 0 0 rg BT 277.18 246.25 Td (strengthening ) Tj ET Q q 0 0 0 rg BT 334.45 246.25 Td (of ) Tj ET Q q 0 0 0 rg BT 345.62 246.25 Td (the ) Tj ET Q q 0 0 0 rg BT 360.67 246.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 381.29 246.25 Td (Dollar ) Tj ET Q q 0 0 0 rg BT 409.68 246.25 Td (and ) Tj ET Q q 0 0 0 rg BT 426.96 246.25 Td (Pound ) Tj ET Q q 0 0 0 rg BT 455.35 246.25 Td (Sterling ) Tj ET Q q 0 0 0 rg BT 489.86 246.25 Td (against ) Tj ET Q q 0 0 0 rg BT 521.02 246.25 Td (the ) Tj ET Q q 0 0 0 rg BT 536.08 246.25 Td (Euro, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 234.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 89.82 234.25 Td (of) Tj ET Q q 0 0 0 rg BT 97.97 234.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 114.91 234.25 Td (by ) Tj ET Q q 0 0 0 rg BT 127.41 234.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.13 234.25 Td (weakening ) Tj ET Q q 0 0 0 rg BT 187.94 234.25 Td (of ) Tj ET Q q 0 0 0 rg BT 198.77 234.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.49 234.25 Td (Japanese ) Tj ET Q q 0 0 0 rg BT 251.15 234.25 Td (Y) Tj ET Q q 0 0 0 rg BT 257.37 234.25 Td (en.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 210.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 210.25 Td (The ) Tj ET Q q 0 0 0 rg BT 107.98 210.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 149.82 210.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 172.25 210.25 Td (related ) Tj ET Q q 0 0 0 rg BT 201.88 210.25 Td (to ) Tj ET Q q 0 0 0 rg BT 212.09 210.25 Td (supporting ) Tj ET Q q 0 0 0 rg BT 257.29 210.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 295.82 210.25 Td (and ) Tj ET Q q 0 0 0 rg BT 312.69 210.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 350.10 210.25 Td (services ) Tj ET Q q 0 0 0 rg BT 384.74 210.25 Td (of ) Tj ET Q q 0 0 0 rg BT 395.50 210.25 Td (33 ) Tj ET Q q 0 0 0 rg BT 412.92 210.25 Td (million ) Tj ET Q q 0 0 0 rg BT 444.25 210.25 Td (were ) Tj ET Q q 0 0 0 rg BT 466.10 210.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 494.08 210.25 Td (by ) Tj ET Q q 0 0 0 rg BT 506.51 210.25 Td (a ) Tj ET Q q 0 0 0 rg BT 513.38 210.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 550.22 210.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 198.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 91.48 198.25 Td (services ) Tj ET Q q 0 0 0 rg BT 126.19 198.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 151.19 198.25 Td (brand, ) Tj ET Q q 0 0 0 rg BT 178.96 198.25 Td (production ) Tj ET Q q 0 0 0 rg BT 224.78 198.25 Td (ef) Tj ET Q q 0 0 0 rg BT 232.37 198.25 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 273.18 198.25 Td (and ) Tj ET Q q 0 0 0 rg BT 290.12 198.25 Td (to ) Tj ET Q q 0 0 0 rg BT 300.40 198.25 Td (a ) Tj ET Q q 0 0 0 rg BT 307.33 198.25 Td (lesser ) Tj ET Q q 0 0 0 rg BT 332.60 198.25 Td (extent, ) Tj ET Q q 0 0 0 rg BT 362.04 198.25 Td (to ) Tj ET Q q 0 0 0 rg BT 372.32 198.25 Td (Formula ) Tj ET Q q 0 0 0 rg BT 408.70 198.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 416.20 198.25 Td (related ) Tj ET Q q 0 0 0 rg BT 445.90 198.25 Td (costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 174.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 174.25 Td (As ) Tj ET Q q 0 0 0 rg BT 103.59 174.25 Td (a ) Tj ET Q q 0 0 0 rg BT 110.50 174.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 156.27 174.25 Td (of ) Tj ET Q q 0 0 0 rg BT 167.07 174.25 Td (net ) Tj ET Q q 0 0 0 rg BT 181.76 174.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 222.27 174.25 Td (EBIT) Tj ET Q q 0 0 0 rg BT 244.31 174.25 Td ( ) Tj ET Q q 0 0 0 rg BT 246.78 174.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 287.00 174.25 Td (from ) Tj ET Q q 0 0 0 rg BT 308.91 174.25 Td (13.6 ) Tj ET Q q 0 0 0 rg BT 328.89 174.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 360.78 174.25 Td (for ) Tj ET Q q 0 0 0 rg BT 374.92 174.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.60 174.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 409.29 174.25 Td (months ) Tj ET Q q 0 0 0 rg BT 441.21 174.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 467.56 174.25 Td (September ) Tj ET Q q 0 0 0 rg BT 512.80 174.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 527.77 174.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 550.24 174.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 162.25 Td (17.0 ) Tj ET Q q 0 0 0 rg BT 73.54 162.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 105.00 162.25 Td (for ) Tj ET Q q 0 0 0 rg BT 118.69 162.25 Td (the ) Tj ET Q q 0 0 0 rg BT 132.95 162.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 152.20 162.25 Td (months ) Tj ET Q q 0 0 0 rg BT 183.68 162.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 209.60 162.25 Td (September ) Tj ET Q q 0 0 0 rg BT 254.40 162.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 268.93 162.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 293.47 162.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 323.28 162.25 Td (due ) Tj ET Q q 0 0 0 rg BT 339.75 162.25 Td (to ) Tj ET Q q 0 0 0 rg BT 349.57 162.25 Td (the ) Tj ET Q q 0 0 0 rg BT 363.82 162.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 408.07 162.25 Td (mentioned ) Tj ET Q q 0 0 0 rg BT 452.32 162.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 492.11 162.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 523.02 162.25 Td (currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 150.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 94.70 150.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 124.87 150.25 Td (and ) Tj ET Q q 0 0 0 rg BT 142.26 150.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 167.98 150.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 187.03 150.25 Td (of ) Tj ET Q q 0 0 0 rg BT 198.32 150.25 Td (sales, ) Tj ET Q q 0 0 0 rg BT 223.20 150.25 Td (which ) Tj ET Q q 0 0 0 rg BT 250.59 150.25 Td (as ) Tj ET Q q 0 0 0 rg BT 261.87 150.25 Td (a ) Tj ET Q q 0 0 0 rg BT 269.26 150.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 315.52 150.25 Td (of ) Tj ET Q q 0 0 0 rg BT 326.80 150.25 Td (net ) Tj ET Q q 0 0 0 rg BT 341.96 150.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 380.45 150.25 Td (was ) Tj ET Q q 0 0 0 rg BT 398.95 150.25 Td (51.8 ) Tj ET Q q 0 0 0 rg BT 419.40 150.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 451.78 150.25 Td (for ) Tj ET Q q 0 0 0 rg BT 466.39 150.25 Td (the ) Tj ET Q q 0 0 0 rg BT 481.56 150.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 501.72 150.25 Td (months ) Tj ET Q q 0 0 0 rg BT 534.12 150.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 138.25 Td (September ) Tj ET Q q 0 0 0 rg BT 99.26 138.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 114.26 138.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 139.26 138.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 181.19 138.25 Td (to ) Tj ET Q q 0 0 0 rg BT 191.47 138.25 Td (55.8 ) Tj ET Q q 0 0 0 rg BT 211.47 138.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 243.39 138.25 Td (for ) Tj ET Q q 0 0 0 rg BT 257.55 138.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.27 138.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 291.98 138.25 Td (months ) Tj ET Q q 0 0 0 rg BT 323.93 138.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 350.31 138.25 Td (September ) Tj ET Q q 0 0 0 rg BT 395.57 138.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 410.57 138.25 Td (2014.) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 41.20 Td (19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 731.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 71.49 731.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 111.22 731.25 Td (\(expenses\)/income) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 669.75 268.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 669.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 669.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 669.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 669.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 669.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 669.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 669.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 669.75 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 697.75 m 381.5 697.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 697.75 m 385.5 697.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 697.75 m 440.5 697.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 697.75 m 499.5 697.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 697.75 m 503.5 697.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 697.75 m 558.5 697.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 683.75 m 381.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 683.75 m 440.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 683.75 m 499.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 683.75 m 503.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 683.75 m 558.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 683.75 m 381.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 683.75 m 440.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 683.75 m 499.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 683.75 m 503.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 683.75 m 558.5 683.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 331.55 711.20 Td (For the nine months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 355.55 702.20 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.15 702.20 Td (Increase/\(decrease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.50 688.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 403.50 688.20 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.60 688.20 Td (2015 vs. 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.45 674.00 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 660.21 Td (Net financial \(expenses\)/income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.50 660.21 Td (\(5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.00 660.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 660.21 Td (7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.00 660.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 660.21 Td (\(12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 660.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.95 660.21 Td (n.m.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 644.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 632.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 632.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 106.36 632.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 143.25 632.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 181.27 632.25 Td (for ) Tj ET Q q 0 0 0 rg BT 194.85 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 208.98 632.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 228.12 632.25 Td (months ) Tj ET Q q 0 0 0 rg BT 259.49 632.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 285.28 632.25 Td (September ) Tj ET Q q 0 0 0 rg BT 329.96 632.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 344.38 632.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 366.30 632.25 Td (was ) Tj ET Q q 0 0 0 rg BT 383.77 632.25 Td (5 ) Tj ET Q q 0 0 0 rg BT 395.69 632.25 Td (million ) Tj ET Q q 0 0 0 rg BT 426.50 632.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 467.84 632.25 Td (to ) Tj ET Q q 0 0 0 rg BT 477.53 632.25 Td (net ) Tj ET Q q 0 0 0 rg BT 491.67 632.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 528.57 632.25 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 620.25 Td (of ) Tj ET Q q 0 0 0 rg BT 64.83 620.25 Td (7 ) Tj ET Q q 0 0 0 rg BT 77.33 620.25 Td (million ) Tj ET Q q 0 0 0 rg BT 108.72 620.25 Td (for ) Tj ET Q q 0 0 0 rg BT 122.88 620.25 Td (the ) Tj ET Q q 0 0 0 rg BT 137.60 620.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 157.32 620.25 Td (months ) Tj ET Q q 0 0 0 rg BT 189.26 620.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 215.64 620.25 Td (September ) Tj ET Q q 0 0 0 rg BT 260.90 620.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 275.90 620.25 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 608.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 596.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 596.25 Td (The ) Tj ET Q q 0 0 0 rg BT 108.18 596.25 Td (variation ) Tj ET Q q 0 0 0 rg BT 146.35 596.25 Td (in ) Tj ET Q q 0 0 0 rg BT 156.76 596.25 Td (net ) Tj ET Q q 0 0 0 rg BT 171.60 596.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 209.21 596.25 Td (\(expenses\)/income ) Tj ET Q q 0 0 0 rg BT 286.81 596.25 Td (was ) Tj ET Q q 0 0 0 rg BT 304.99 596.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 333.17 596.25 Td (by ) Tj ET Q q 0 0 0 rg BT 345.80 596.25 Td (an ) Tj ET Q q 0 0 0 rg BT 357.87 596.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 393.25 596.25 Td (in ) Tj ET Q q 0 0 0 rg BT 403.66 596.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 441.27 596.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 480.00 596.25 Td (related ) Tj ET Q q 0 0 0 rg BT 509.83 596.25 Td (to ) Tj ET Q q 0 0 0 rg BT 520.23 596.25 Td (industrial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 584.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 99.26 584.25 Td (and ) Tj ET Q q 0 0 0 rg BT 116.20 584.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 146.48 584.25 Td (related ) Tj ET Q q 0 0 0 rg BT 176.18 584.25 Td (to ) Tj ET Q q 0 0 0 rg BT 186.46 584.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 217.83 584.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 258.09 584.25 Td (losses.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 560.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 88.16 560.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 103.99 560.25 Td (expense) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 498.75 268.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 498.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 498.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 498.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 498.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 498.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 498.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 498.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 498.75 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 526.75 m 381.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 526.75 m 385.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 526.75 m 440.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 526.75 m 499.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 526.75 m 503.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 526.75 m 558.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 512.75 m 381.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 512.75 m 440.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 512.75 m 499.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 512.75 m 503.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 512.75 m 558.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 512.75 m 381.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 512.75 m 440.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 512.75 m 499.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 512.75 m 503.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 512.75 m 558.5 512.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 331.55 540.20 Td (For the nine months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 355.55 531.20 Td (September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.25 530.98 Td (Increase/\(decrease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.50 517.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 403.50 517.20 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.60 517.20 Td (2015 vs. 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.45 503.00 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 489.21 Td (Income tax expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 489.21 Td (119) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 428.00 489.21 Td (95) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.00 489.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 489.21 Td (24) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 489.21 Td (25.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 489.21 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 473.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 461.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 461.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 122.73 461.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 137.69 461.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 172.63 461.25 Td (for ) Tj ET Q q 0 0 0 rg BT 187.04 461.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.99 461.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 221.95 461.25 Td (months ) Tj ET Q q 0 0 0 rg BT 254.14 461.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 280.76 461.25 Td (September ) Tj ET Q q 0 0 0 rg BT 326.27 461.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 341.51 461.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 364.25 461.25 Td (was ) Tj ET Q q 0 0 0 rg BT 382.54 461.25 Td (1) Tj ET Q q 0 0 0 rg BT 392.17 461.25 Td (19 ) Tj ET Q q 0 0 0 rg BT 404.91 461.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 439.05 461.25 Td (an ) Tj ET Q q 0 0 0 rg BT 451.23 461.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 486.72 461.25 Td (of ) Tj ET Q q 0 0 0 rg BT 497.80 461.25 Td (24 ) Tj ET Q q 0 0 0 rg BT 515.54 461.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 549.67 461.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 449.25 Td (25.3 ) Tj ET Q q 0 0 0 rg BT 73.33 449.25 Td (percent, ) Tj ET Q q 0 0 0 rg BT 107.07 449.25 Td (from ) Tj ET Q q 0 0 0 rg BT 128.34 449.25 Td (95 ) Tj ET Q q 0 0 0 rg BT 145.16 449.25 Td (million ) Tj ET Q q 0 0 0 rg BT 175.88 449.25 Td (for ) Tj ET Q q 0 0 0 rg BT 189.37 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.41 449.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 222.45 449.25 Td (months ) Tj ET Q q 0 0 0 rg BT 253.72 449.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 279.42 449.25 Td (September ) Tj ET Q q 0 0 0 rg BT 324.01 449.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 338.34 449.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 362.53 449.25 Td (The ) Tj ET Q q 0 0 0 rg BT 379.90 449.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 414.48 449.25 Td (in ) Tj ET Q q 0 0 0 rg BT 424.09 449.25 Td (income ) Tj ET Q q 0 0 0 rg BT 455.35 449.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 469.39 449.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 503.42 449.25 Td (was ) Tj ET Q q 0 0 0 rg BT 520.80 449.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 437.25 Td (due ) Tj ET Q q 0 0 0 rg BT 71.04 437.25 Td (to ) Tj ET Q q 0 0 0 rg BT 81.42 437.25 Td (an ) Tj ET Q q 0 0 0 rg BT 93.45 437.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 128.81 437.25 Td (in ) Tj ET Q q 0 0 0 rg BT 139.18 437.25 Td (profit ) Tj ET Q q 0 0 0 rg BT 164.00 437.25 Td (before ) Tj ET Q q 0 0 0 rg BT 192.14 437.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 215.28 437.25 Td (from ) Tj ET Q q 0 0 0 rg BT 237.32 437.25 Td (281 ) Tj ET Q q 0 0 0 rg BT 259.92 437.25 Td (million ) Tj ET Q q 0 0 0 rg BT 291.41 437.25 Td (for ) Tj ET Q q 0 0 0 rg BT 305.67 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 320.48 437.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 340.30 437.25 Td (months ) Tj ET Q q 0 0 0 rg BT 372.35 437.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 398.82 437.25 Td (September ) Tj ET Q q 0 0 0 rg BT 444.19 437.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 459.29 437.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 481.88 437.25 Td (to ) Tj ET Q q 0 0 0 rg BT 492.26 437.25 Td (354 ) Tj ET Q q 0 0 0 rg BT 514.86 437.25 Td (million ) Tj ET Q q 0 0 0 rg BT 546.35 437.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 69.38 425.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 89.75 425.25 Td (months ) Tj ET Q q 0 0 0 rg BT 122.36 425.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 149.39 425.25 Td (September ) Tj ET Q q 0 0 0 rg BT 195.31 425.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 210.97 425.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 236.40 425.25 Td (The ) Tj ET Q q 0 0 0 rg BT 255.11 425.25 Td (ef) Tj ET Q q 0 0 0 rg BT 262.69 425.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 293.05 425.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 308.43 425.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 326.57 425.25 Td (net ) Tj ET Q q 0 0 0 rg BT 341.95 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 353.44 425.25 Td (IRAP) Tj ET Q q 0 0 0 rg BT 375.85 425.25 Td ( ) Tj ET Q q 0 0 0 rg BT 379.01 425.25 Td (was ) Tj ET Q q 0 0 0 rg BT 397.72 425.25 Td (29.3 ) Tj ET Q q 0 0 0 rg BT 418.38 425.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 450.96 425.25 Td (for ) Tj ET Q q 0 0 0 rg BT 465.78 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 481.15 425.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 501.53 425.25 Td (months ) Tj ET Q q 0 0 0 rg BT 534.13 425.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 413.25 Td (September ) Tj ET Q q 0 0 0 rg BT 99.26 413.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 114.26 413.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 139.26 413.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 181.19 413.25 Td (to ) Tj ET Q q 0 0 0 rg BT 191.47 413.25 Td (28.9 ) Tj ET Q q 0 0 0 rg BT 211.47 413.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 243.39 413.25 Td (for ) Tj ET Q q 0 0 0 rg BT 257.55 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.27 413.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 291.98 413.25 Td (months ) Tj ET Q q 0 0 0 rg BT 323.93 413.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 350.31 413.25 Td (September ) Tj ET Q q 0 0 0 rg BT 395.57 413.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 410.57 413.25 Td (2014.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 389.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 96.52 389.25 Td (and ) Tj ET Q q 0 0 0 rg BT 115.14 389.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 149.31 389.25 Td (Resour) Tj ET Q q 0 0 0 rg BT 179.68 389.25 Td (ces) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 365.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 93.72 365.25 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 341.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 341.25 Td (W) Tj ET Q q 0 0 0 rg BT 98.64 341.25 Td (e ) Tj ET Q q 0 0 0 rg BT 105.32 341.25 Td (require ) Tj ET Q q 0 0 0 rg BT 135.87 341.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 172.01 341.25 Td (in ) Tj ET Q q 0 0 0 rg BT 182.03 341.25 Td (order ) Tj ET Q q 0 0 0 rg BT 205.37 341.25 Td (to ) Tj ET Q q 0 0 0 rg BT 215.39 341.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 237.06 341.25 Td (our ) Tj ET Q q 0 0 0 rg BT 252.63 341.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 299.32 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 316.00 341.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 336.57 341.25 Td (our ) Tj ET Q q 0 0 0 rg BT 352.14 341.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 390.77 341.25 Td (Short-term ) Tj ET Q q 0 0 0 rg BT 436.34 341.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 472.47 341.25 Td (is ) Tj ET Q q 0 0 0 rg BT 481.38 341.25 Td (required ) Tj ET Q q 0 0 0 rg BT 516.94 341.25 Td (to ) Tj ET Q q 0 0 0 rg BT 526.96 341.25 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 329.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 71.12 329.25 Td (materials, ) Tj ET Q q 0 0 0 rg BT 112.40 329.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 133.96 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 150.53 329.25 Td (components ) Tj ET Q q 0 0 0 rg BT 200.98 329.25 Td (for ) Tj ET Q q 0 0 0 rg BT 214.77 329.25 Td (car ) Tj ET Q q 0 0 0 rg BT 229.11 329.25 Td (production, ) Tj ET Q q 0 0 0 rg BT 277.06 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 293.63 329.25 Td (to ) Tj ET Q q 0 0 0 rg BT 303.53 329.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 323.99 329.25 Td (selling, ) Tj ET Q q 0 0 0 rg BT 355.28 329.25 Td (administrative, ) Tj ET Q q 0 0 0 rg BT 417.12 329.25 Td (research ) Tj ET Q q 0 0 0 rg BT 452.55 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 469.12 329.25 Td (development, ) Tj ET Q q 0 0 0 rg BT 525.40 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 541.96 329.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 317.25 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 95.75 317.25 Td (In ) Tj ET Q q 0 0 0 rg BT 107.22 317.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 143.14 317.25 Td (to ) Tj ET Q q 0 0 0 rg BT 154.07 317.25 Td (our ) Tj ET Q q 0 0 0 rg BT 170.55 317.25 Td (general ) Tj ET Q q 0 0 0 rg BT 203.12 317.25 Td (working ) Tj ET Q q 0 0 0 rg BT 239.59 317.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 269.39 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 286.98 317.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 335.10 317.25 Td (needs, ) Tj ET Q q 0 0 0 rg BT 363.52 317.25 Td (we ) Tj ET Q q 0 0 0 rg BT 378.33 317.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 407.57 317.25 Td (to ) Tj ET Q q 0 0 0 rg BT 418.49 317.25 Td (use ) Tj ET Q q 0 0 0 rg BT 434.97 317.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 455.88 317.25 Td (for ) Tj ET Q q 0 0 0 rg BT 470.69 317.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 500.49 317.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 554.73 317.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 305.25 Td (support ) Tj ET Q q 0 0 0 rg BT 86.41 305.25 Td (our ) Tj ET Q q 0 0 0 rg BT 102.14 305.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 136.21 305.25 Td (and ) Tj ET Q q 0 0 0 rg BT 153.06 305.25 Td (future ) Tj ET Q q 0 0 0 rg BT 179.34 305.25 Td (products. ) Tj ET Q q 0 0 0 rg BT 218.51 305.25 Td (W) Tj ET Q q 0 0 0 rg BT 227.15 305.25 Td (e ) Tj ET Q q 0 0 0 rg BT 233.99 305.25 Td (make ) Tj ET Q q 0 0 0 rg BT 258.06 305.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 287.11 305.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 337.29 305.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 367.47 305.25 Td (in ) Tj ET Q q 0 0 0 rg BT 377.66 305.25 Td (Italy) Tj ET Q q 0 0 0 rg BT 395.33 305.25 Td (, ) Tj ET Q q 0 0 0 rg BT 400.24 305.25 Td (for ) Tj ET Q q 0 0 0 rg BT 414.31 305.25 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 456.15 305.25 Td (to ) Tj ET Q q 0 0 0 rg BT 466.33 305.25 Td (introduce ) Tj ET Q q 0 0 0 rg BT 506.50 305.25 Td (new ) Tj ET Q q 0 0 0 rg BT 525.57 305.25 Td (products, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 293.25 Td (enhance ) Tj ET Q q 0 0 0 rg BT 88.03 293.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 147.62 293.25 Td (ef) Tj ET Q q 0 0 0 rg BT 155.21 293.25 Td (ficiency) Tj ET Q q 0 0 0 rg BT 186.76 293.25 Td (, ) Tj ET Q q 0 0 0 rg BT 190.54 293.25 Td (improve ) Tj ET Q q 0 0 0 rg BT 225.14 293.25 Td (capacity) Tj ET Q q 0 0 0 rg BT 257.80 293.25 Td (, ) Tj ET Q q 0 0 0 rg BT 261.58 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 277.29 293.25 Td (for ) Tj ET Q q 0 0 0 rg BT 290.23 293.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 342.03 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 357.75 293.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 416.78 293.25 Td (compliance. ) Tj ET Q q 0 0 0 rg BT 466.65 293.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 483.48 293.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 511.40 293.25 Td (expenditures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 281.25 Td (in ) Tj ET Q q 0 0 0 rg BT 63.69 281.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 85.60 281.25 Td (are ) Tj ET Q q 0 0 0 rg BT 99.71 281.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 137.15 281.25 Td (to ) Tj ET Q q 0 0 0 rg BT 146.84 281.25 Td (be ) Tj ET Q q 0 0 0 rg BT 158.19 281.25 Td (between ) Tj ET Q q 0 0 0 rg BT 193.41 281.25 Td (350 ) Tj ET Q q 0 0 0 rg BT 215.32 281.25 Td (million ) Tj ET Q q 0 0 0 rg BT 246.12 281.25 Td (to ) Tj ET Q q 0 0 0 rg BT 255.81 281.25 Td (400 ) Tj ET Q q 0 0 0 rg BT 277.72 281.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 311.02 281.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 340.70 281.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 373.16 281.25 Td (to ) Tj ET Q q 0 0 0 rg BT 382.84 281.25 Td (property) Tj ET Q q 0 0 0 rg BT 416.07 281.25 Td (, ) Tj ET Q q 0 0 0 rg BT 420.48 281.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 442.38 281.25 Td (and ) Tj ET Q q 0 0 0 rg BT 458.73 281.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 502.85 281.25 Td (and ) Tj ET Q q 0 0 0 rg BT 519.20 281.25 Td (capitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 269.25 Td (research ) Tj ET Q q 0 0 0 rg BT 89.11 269.25 Td (and ) Tj ET Q q 0 0 0 rg BT 105.35 269.25 Td (development ) Tj ET Q q 0 0 0 rg BT 158.80 269.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 183.10 269.25 Td (which ) Tj ET Q q 0 0 0 rg BT 209.34 269.25 Td (we ) Tj ET Q q 0 0 0 rg BT 222.80 269.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 241.82 269.25 Td (to ) Tj ET Q q 0 0 0 rg BT 251.40 269.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 271.53 269.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 310.55 269.25 Td (with ) Tj ET Q q 0 0 0 rg BT 330.13 269.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 349.70 269.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 390.36 269.25 Td (from ) Tj ET Q q 0 0 0 rg BT 411.60 269.25 Td (our ) Tj ET Q q 0 0 0 rg BT 426.73 269.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 466.30 269.25 Td (activities. ) Tj ET Q q 0 0 0 rg BT 506.70 269.25 Td ( ) Tj ET Q q 0 0 0 rg BT 508.50 269.25 Td (In ) Tj ET Q q 0 0 0 rg BT 518.63 269.25 Td (connection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 257.25 Td (with ) Tj ET Q q 0 0 0 rg BT 74.29 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 89.02 257.25 Td (Restructuring, ) Tj ET Q q 0 0 0 rg BT 148.47 257.25 Td (we ) Tj ET Q q 0 0 0 rg BT 162.64 257.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 194.57 257.25 Td (into ) Tj ET Q q 0 0 0 rg BT 212.64 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.37 257.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 246.27 257.25 Td ( ) Tj ET Q q 0 0 0 rg BT 248.79 257.25 Td (Note. ) Tj ET Q q 0 0 0 rg BT 272.68 257.25 Td (At ) Tj ET Q q 0 0 0 rg BT 285.19 257.25 Td (October ) Tj ET Q q 0 0 0 rg BT 319.91 257.25 Td (17, ) Tj ET Q q 0 0 0 rg BT 334.92 257.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 359.94 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.67 257.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 412.72 257.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 445.23 257.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 494.40 257.25 Td (on ) Tj ET Q q 0 0 0 rg BT 506.92 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 521.65 257.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 540.55 257.25 Td ( ) Tj ET Q q 0 0 0 rg BT 543.06 257.25 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 245.25 Td (was ) Tj ET Q q 0 0 0 rg BT 72.57 245.25 Td (2.8 ) Tj ET Q q 0 0 0 rg BT 93.08 245.25 Td (billion, ) Tj ET Q q 0 0 0 rg BT 124.71 245.25 Td (which ) Tj ET Q q 0 0 0 rg BT 152.16 245.25 Td (we ) Tj ET Q q 0 0 0 rg BT 166.84 245.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 195.95 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 206.74 245.25 Td (refinance ) Tj ET Q q 0 0 0 rg BT 246.95 245.25 Td (using ) Tj ET Q q 0 0 0 rg BT 271.63 245.25 Td (third ) Tj ET Q q 0 0 0 rg BT 293.54 245.25 Td (party ) Tj ET Q q 0 0 0 rg BT 317.10 245.25 Td (financing. ) Tj ET Q q 0 0 0 rg BT 360.38 245.25 Td (For ) Tj ET Q q 0 0 0 rg BT 377.28 245.25 Td (further ) Tj ET Q q 0 0 0 rg BT 407.51 245.25 Td (information ) Tj ET Q q 0 0 0 rg BT 457.73 245.25 Td (on ) Tj ET Q q 0 0 0 rg BT 470.75 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.98 245.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 504.88 245.25 Td ( ) Tj ET Q q 0 0 0 rg BT 507.90 245.25 Td (Note, ) Tj ET Q q 0 0 0 rg BT 532.85 245.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 554.73 245.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 233.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 75.16 233.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 81.88 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 91.93 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 105.87 233.25 Td (Interim ) Tj ET Q q 0 0 0 rg BT 137.02 233.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 183.18 233.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 237.68 233.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 276.61 233.25 Td (Statements. ) Tj ET Q q 0 0 0 rg BT 324.59 233.25 Td (W) Tj ET Q q 0 0 0 rg BT 333.23 233.25 Td (e ) Tj ET Q q 0 0 0 rg BT 339.39 233.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 369.98 233.25 Td (that ) Tj ET Q q 0 0 0 rg BT 386.70 233.25 Td (our ) Tj ET Q q 0 0 0 rg BT 401.75 233.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 421.24 233.25 Td (generation ) Tj ET Q q 0 0 0 rg BT 465.16 233.25 Td (together ) Tj ET Q q 0 0 0 rg BT 499.65 233.25 Td (with ) Tj ET Q q 0 0 0 rg BT 519.15 233.25 Td (our ) Tj ET Q q 0 0 0 rg BT 534.20 233.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 221.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 90.54 221.25 Td (will ) Tj ET Q q 0 0 0 rg BT 108.74 221.25 Td (be ) Tj ET Q q 0 0 0 rg BT 120.83 221.25 Td (suf) Tj ET Q q 0 0 0 rg BT 132.87 221.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 161.06 221.25 Td (to ) Tj ET Q q 0 0 0 rg BT 171.49 221.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 193.57 221.25 Td (our ) Tj ET Q q 0 0 0 rg BT 209.55 221.25 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 259.14 221.25 Td (including ) Tj ET Q q 0 0 0 rg BT 299.56 221.25 Td (those ) Tj ET Q q 0 0 0 rg BT 323.32 221.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 360.96 221.25 Td (from ) Tj ET Q q 0 0 0 rg BT 383.05 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.91 221.25 Td (Restructuring, ) Tj ET Q q 0 0 0 rg BT 457.49 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 474.58 221.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 495.56 221.25 Td (our ) Tj ET Q q 0 0 0 rg BT 511.53 221.25 Td (business ) Tj ET Q q 0 0 0 rg BT 548.07 221.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 209.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 83.15 209.25 Td (expenditures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 185.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 185.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 108.84 185.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 126.58 185.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 149.87 185.25 Td (position ) Tj ET Q q 0 0 0 rg BT 185.39 185.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 226.43 185.25 Td (from ) Tj ET Q q 0 0 0 rg BT 249.16 185.25 Td (566 ) Tj ET Q q 0 0 0 rg BT 272.46 185.25 Td (million ) Tj ET Q q 0 0 0 rg BT 304.64 185.25 Td (at ) Tj ET Q q 0 0 0 rg BT 315.15 185.25 Td (December ) Tj ET Q q 0 0 0 rg BT 359.53 185.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 375.32 185.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 401.11 185.25 Td (to ) Tj ET Q q 0 0 0 rg BT 412.18 185.25 Td (827 ) Tj ET Q q 0 0 0 rg BT 435.47 185.25 Td (million ) Tj ET Q q 0 0 0 rg BT 467.66 185.25 Td (at ) Tj ET Q q 0 0 0 rg BT 478.17 185.25 Td (September ) Tj ET Q q 0 0 0 rg BT 524.22 185.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 540.02 185.25 Td (2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 173.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 94.19 173.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 122.71 173.25 Td (by ) Tj ET Q q 0 0 0 rg BT 135.68 173.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 170.32 173.25 Td (Free ) Tj ET Q q 0 0 0 rg BT 191.07 173.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 214.04 173.25 Td (Flow ) Tj ET Q q 0 0 0 rg BT 237.58 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 248.88 173.25 Td (338 ) Tj ET Q q 0 0 0 rg BT 271.86 173.25 Td (million ) Tj ET Q q 0 0 0 rg BT 303.73 173.25 Td (for ) Tj ET Q q 0 0 0 rg BT 318.36 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 333.55 173.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 353.75 173.25 Td (months ) Tj ET Q q 0 0 0 rg BT 386.17 173.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 413.02 173.25 Td (September ) Tj ET Q q 0 0 0 rg BT 458.76 173.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 474.23 173.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 499.71 173.25 Td (On ) Tj ET Q q 0 0 0 rg BT 514.91 173.25 Td (a ) Tj ET Q q 0 0 0 rg BT 522.32 173.25 Td (pro ) Tj ET Q q 0 0 0 rg BT 538.63 173.25 Td (forma ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 161.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 76.78 161.25 Td (considering ) Tj ET Q q 0 0 0 rg BT 126.22 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 141.23 161.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 171.22 161.25 Td (of ) Tj ET Q q 0 0 0 rg BT 182.34 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 197.34 161.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 216.24 161.25 Td ( ) Tj ET Q q 0 0 0 rg BT 219.02 161.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 241.25 161.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.47 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.47 161.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 320.12 161.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 364.01 161.25 Td (of ) Tj ET Q q 0 0 0 rg BT 375.12 161.25 Td (deposits ) Tj ET Q q 0 0 0 rg BT 410.69 161.25 Td (in ) Tj ET Q q 0 0 0 rg BT 421.25 161.25 Td (FCA's ) Tj ET Q q 0 0 0 rg BT 449.18 161.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 469.73 161.25 Td (management ) Tj ET Q q 0 0 0 rg BT 523.61 161.25 Td (pools ) Tj ET Q q 0 0 0 rg BT 548.06 161.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 149.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 91.48 149.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 131.20 149.25 Td (with ) Tj ET Q q 0 0 0 rg BT 151.48 149.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 170.38 149.25 Td ( ) Tj ET Q q 0 0 0 rg BT 172.88 149.25 Td (and ) Tj ET Q q 0 0 0 rg BT 189.82 149.25 Td (third ) Tj ET Q q 0 0 0 rg BT 211.20 149.25 Td (parties, ) Tj ET Q q 0 0 0 rg BT 242.86 149.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 259.80 149.25 Td (Debt ) Tj ET Q q 0 0 0 rg BT 281.73 149.25 Td (was ) Tj ET Q q 0 0 0 rg BT 299.79 149.25 Td (1,973 ) Tj ET Q q 0 0 0 rg BT 329.79 149.25 Td (million ) Tj ET Q q 0 0 0 rg BT 361.18 149.25 Td (at ) Tj ET Q q 0 0 0 rg BT 370.89 149.25 Td (September ) Tj ET Q q 0 0 0 rg BT 416.16 149.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 431.16 149.25 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 125.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 125.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 108.63 125.25 Td (business ) Tj ET Q q 0 0 0 rg BT 145.59 125.25 Td (and ) Tj ET Q q 0 0 0 rg BT 163.10 125.25 Td (results ) Tj ET Q q 0 0 0 rg BT 192.29 125.25 Td (of ) Tj ET Q q 0 0 0 rg BT 203.69 125.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 248.42 125.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 280.37 125.25 Td (on ) Tj ET Q q 0 0 0 rg BT 293.44 125.25 Td (our ) Tj ET Q q 0 0 0 rg BT 309.85 125.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 338.47 125.25 Td (to ) Tj ET Q q 0 0 0 rg BT 349.32 125.25 Td (achieve ) Tj ET Q q 0 0 0 rg BT 382.93 125.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 413.21 125.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 455.17 125.25 Td (car ) Tj ET Q q 0 0 0 rg BT 470.45 125.25 Td (shipment ) Tj ET Q q 0 0 0 rg BT 510.19 125.25 Td (volumes. ) Tj ET Q q 0 0 0 rg BT 549.43 125.25 Td (W) Tj ET Q q 0 0 0 rg BT 558.07 125.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 113.25 Td (have ) Tj ET Q q 0 0 0 rg BT 75.04 113.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 119.42 113.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 142.13 113.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 164.29 113.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 183.39 113.25 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 224.14 113.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 258.51 113.25 Td (in ) Tj ET Q q 0 0 0 rg BT 268.45 113.25 Td (our ) Tj ET Q q 0 0 0 rg BT 283.94 113.25 Td (car ) Tj ET Q q 0 0 0 rg BT 298.31 113.25 Td (shipment ) Tj ET Q q 0 0 0 rg BT 337.14 113.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 373.19 113.25 Td (can ) Tj ET Q q 0 0 0 rg BT 389.23 113.25 Td (have ) Tj ET Q q 0 0 0 rg BT 410.27 113.25 Td (a ) Tj ET Q q 0 0 0 rg BT 416.87 113.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 461.25 113.25 Td (ef) Tj ET Q q 0 0 0 rg BT 468.83 113.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 485.98 113.25 Td (on ) Tj ET Q q 0 0 0 rg BT 498.15 113.25 Td (profitability ) Tj ET Q q 0 0 0 rg BT 548.08 113.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 101.25 Td (liquidity) Tj ET Q q 0 0 0 rg BT 87.24 101.25 Td (. ) Tj ET Q q 0 0 0 rg BT 92.29 101.25 Td (W) Tj ET Q q 0 0 0 rg BT 100.92 101.25 Td (e ) Tj ET Q q 0 0 0 rg BT 108.10 101.25 Td (have ) Tj ET Q q 0 0 0 rg BT 129.72 101.25 Td (historically ) Tj ET Q q 0 0 0 rg BT 177.45 101.25 Td (managed ) Tj ET Q q 0 0 0 rg BT 216.29 101.25 Td (our ) Tj ET Q q 0 0 0 rg BT 232.36 101.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 268.99 101.25 Td (through ) Tj ET Q q 0 0 0 rg BT 302.84 101.25 Td (participating ) Tj ET Q q 0 0 0 rg BT 356.12 101.25 Td (in ) Tj ET Q q 0 0 0 rg BT 366.64 101.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 387.15 101.25 Td (management ) Tj ET Q q 0 0 0 rg BT 440.98 101.25 Td (and ) Tj ET Q q 0 0 0 rg BT 458.16 101.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 492.01 101.25 Td (services ) Tj ET Q q 0 0 0 rg BT 526.96 101.25 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 89.25 Td (by ) Tj ET Q q 0 0 0 rg BT 65.42 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 79.06 89.25 Td (treasury ) Tj ET Q q 0 0 0 rg BT 112.69 89.25 Td (functions ) Tj ET Q q 0 0 0 rg BT 151.33 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 161.09 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.73 89.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 193.63 89.25 Td ( ) Tj ET Q q 0 0 0 rg BT 195.05 89.25 Td (Group. ) Tj ET Q q 0 0 0 rg BT 224.42 89.25 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 267.76 89.25 Td (our ) Tj ET Q q 0 0 0 rg BT 282.52 89.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 317.83 89.25 Td (is ) Tj ET Q q 0 0 0 rg BT 325.92 89.25 Td (essentially ) Tj ET Q q 0 0 0 rg BT 369.56 89.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 417.07 89.25 Td (by ) Tj ET Q q 0 0 0 rg BT 428.49 89.25 Td (deposits ) Tj ET Q q 0 0 0 rg BT 462.69 89.25 Td (in ) Tj ET Q q 0 0 0 rg BT 471.89 89.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 490.79 89.25 Td ( ) Tj ET Q q 0 0 0 rg BT 492.22 89.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 511.41 89.25 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 77.25 Td (pools.) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 30.20 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 742.10 Td (Currently) Tj ET Q q 0 0 0 rg BT 127.68 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 132.94 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 149.03 742.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 169.01 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 178.44 742.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 208.97 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 229.51 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.49 742.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 263.39 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 266.15 742.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 294.47 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.67 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.20 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 329.40 742.10 Td (lesser ) Tj ET Q q 0 0 0 rg BT 354.93 742.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 382.13 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 402.67 742.10 Td (third ) Tj ET Q q 0 0 0 rg BT 424.32 742.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 453.73 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.93 742.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 510.91 742.10 Td (relates ) Tj ET Q q 0 0 0 rg BT 539.76 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.30 742.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 730.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 94.63 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.83 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.91 730.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 158.76 730.10 Td (services ) Tj ET Q q 0 0 0 rg BT 193.84 730.10 Td (portfolios ) Tj ET Q q 0 0 0 rg BT 235.59 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 256.24 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.32 730.10 Td (dealer ) Tj ET Q q 0 0 0 rg BT 298.61 730.10 Td (network ) Tj ET Q q 0 0 0 rg BT 334.25 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.56 730.10 Td (clients. ) Tj ET Q q 0 0 0 rg BT 382.39 730.10 Td (At ) Tj ET Q q 0 0 0 rg BT 395.26 730.10 Td (September ) Tj ET Q q 0 0 0 rg BT 440.89 730.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 456.26 730.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 481.63 730.10 Td (we ) Tj ET Q q 0 0 0 rg BT 496.16 730.10 Td (had ) Tj ET Q q 0 0 0 rg BT 513.46 730.10 Td (total ) Tj ET Q q 0 0 0 rg BT 534.10 730.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 554.19 730.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 718.10 Td (579 ) Tj ET Q q 0 0 0 rg BT 76.53 718.10 Td (million ) Tj ET Q q 0 0 0 rg BT 107.95 718.10 Td (\(510 ) Tj ET Q q 0 0 0 rg BT 133.80 718.10 Td (million ) Tj ET Q q 0 0 0 rg BT 165.22 718.10 Td (at ) Tj ET Q q 0 0 0 rg BT 174.96 718.10 Td (December ) Tj ET Q q 0 0 0 rg BT 218.58 718.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 233.60 718.10 Td (2014\), ) Tj ET Q q 0 0 0 rg BT 261.96 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.82 718.10 Td (which ) Tj ET Q q 0 0 0 rg BT 299.78 718.10 Td (190 ) Tj ET Q q 0 0 0 rg BT 322.31 718.10 Td (million ) Tj ET Q q 0 0 0 rg BT 353.73 718.10 Td (\(131 ) Tj ET Q q 0 0 0 rg BT 379.58 718.10 Td (million ) Tj ET Q q 0 0 0 rg BT 411.00 718.10 Td (at ) Tj ET Q q 0 0 0 rg BT 420.75 718.10 Td (December ) Tj ET Q q 0 0 0 rg BT 464.36 718.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 479.38 718.10 Td (2014\) ) Tj ET Q q 0 0 0 rg BT 505.24 718.10 Td (was ) Tj ET Q q 0 0 0 rg BT 523.32 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 543.62 718.10 Td (third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 706.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 83.16 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.09 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.81 706.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 157.84 706.10 Td (with ) Tj ET Q q 0 0 0 rg BT 178.12 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.84 706.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 211.74 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 214.24 706.10 Td (Group. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 682.10 Td (Post-Restructuring ) Tj ET Q q 0 0 0 rg BT 167.50 682.10 Td (we ) Tj ET Q q 0 0 0 rg BT 181.66 682.10 Td (will ) Tj ET Q q 0 0 0 rg BT 199.71 682.10 Td (be ) Tj ET Q q 0 0 0 rg BT 211.65 682.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 241.92 682.10 Td (by ) Tj ET Q q 0 0 0 rg BT 254.42 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 261.36 682.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 313.85 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.68 682.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 353.83 682.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 387.98 682.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 438.25 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.19 682.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 477.12 682.10 Td (facilities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 658.10 Td (Cyclical ) Tj ET Q q 0 0 0 rg BT 89.82 658.10 Td (Nature ) Tj ET Q q 0 0 0 rg BT 121.21 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 132.04 658.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 151.22 658.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 174.84 658.10 Td (Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 634.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 107.66 634.10 Td (working ) Tj ET Q q 0 0 0 rg BT 143.09 634.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 171.84 634.10 Td (is ) Tj ET Q q 0 0 0 rg BT 180.62 634.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 211.04 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.93 634.10 Td (month ) Tj ET Q q 0 0 0 rg BT 248.59 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.47 634.10 Td (month ) Tj ET Q q 0 0 0 rg BT 286.13 634.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 335.44 634.10 Td (due ) Tj ET Q q 0 0 0 rg BT 351.99 634.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 364.37 634.10 Td (among ) Tj ET Q q 0 0 0 rg BT 393.69 634.10 Td (others, ) Tj ET Q q 0 0 0 rg BT 422.73 634.10 Td (production ) Tj ET Q q 0 0 0 rg BT 468.16 634.10 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 506.65 634.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 538.74 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.18 634.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 622.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 91.63 622.10 Td (services ) Tj ET Q q 0 0 0 rg BT 126.49 622.10 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 166.63 622.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 195.39 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.37 622.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 221.24 622.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 262.21 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.30 622.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 308.60 622.10 Td (expenditures. ) Tj ET Q q 0 0 0 rg BT 364.84 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 367.49 622.10 Td (In ) Tj ET Q q 0 0 0 rg BT 378.47 622.10 Td (particular) Tj ET Q q 0 0 0 rg BT 416.38 622.10 Td (, ) Tj ET Q q 0 0 0 rg BT 421.53 622.10 Td (our ) Tj ET Q q 0 0 0 rg BT 437.51 622.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 478.48 622.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 504.45 622.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 539.86 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 622.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 610.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 86.19 610.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 118.38 610.10 Td (up ) Tj ET Q q 0 0 0 rg BT 131.14 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 141.67 610.10 Td (launches ) Tj ET Q q 0 0 0 rg BT 179.41 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.50 610.10 Td (new ) Tj ET Q q 0 0 0 rg BT 209.91 610.10 Td (models, ) Tj ET Q q 0 0 0 rg BT 244.06 610.10 Td (during ) Tj ET Q q 0 0 0 rg BT 272.92 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.89 610.10 Td (phase ) Tj ET Q q 0 0 0 rg BT 313.42 610.10 Td (out ) Tj ET Q q 0 0 0 rg BT 328.95 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.03 610.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 362.23 610.10 Td (models ) Tj ET Q q 0 0 0 rg BT 393.87 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.06 610.10 Td (at ) Tj ET Q q 0 0 0 rg BT 421.04 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.01 610.10 Td (end ) Tj ET Q q 0 0 0 rg BT 453.20 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.29 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.26 610.10 Td (second ) Tj ET Q q 0 0 0 rg BT 509.78 610.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 540.85 610.10 Td (when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 598.10 Td (our ) Tj ET Q q 0 0 0 rg BT 68.65 598.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 108.29 598.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 132.94 598.10 Td (are ) Tj ET Q q 0 0 0 rg BT 146.47 598.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 173.33 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.43 598.10 Td (support ) Tj ET Q q 0 0 0 rg BT 213.75 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.29 598.10 Td (summer ) Tj ET Q q 0 0 0 rg BT 260.82 598.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 282.14 598.10 Td (shutdown. ) Tj ET Q q 0 0 0 rg BT 324.76 598.10 Td (The ) Tj ET Q q 0 0 0 rg BT 341.62 598.10 Td (expansion ) Tj ET Q q 0 0 0 rg BT 383.49 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.14 598.10 Td (our ) Tj ET Q q 0 0 0 rg BT 407.79 598.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 444.09 598.10 Td (services ) Tj ET Q q 0 0 0 rg BT 477.62 598.10 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 516.43 598.10 Td (particularly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 63.53 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.49 586.10 Td (United ) Tj ET Q q 0 0 0 rg BT 106.45 586.10 Td (States ) Tj ET Q q 0 0 0 rg BT 132.09 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.78 586.10 Td (America, ) Tj ET Q q 0 0 0 rg BT 180.45 586.10 Td (has ) Tj ET Q q 0 0 0 rg BT 195.53 586.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 235.03 586.10 Td (our ) Tj ET Q q 0 0 0 rg BT 250.10 586.10 Td (working ) Tj ET Q q 0 0 0 rg BT 285.18 586.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 313.58 586.10 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 370.03 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 371.65 586.10 Td (The ) Tj ET Q q 0 0 0 rg BT 388.94 586.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 425.12 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.20 586.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 457.49 586.10 Td (af) Tj ET Q q 0 0 0 rg BT 465.08 586.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 485.71 586.10 Td (our ) Tj ET Q q 0 0 0 rg BT 500.78 586.10 Td (working ) Tj ET Q q 0 0 0 rg BT 535.86 586.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 574.10 Td (as ) Tj ET Q q 0 0 0 rg BT 64.56 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 71.22 574.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 116.22 574.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 147.33 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.89 574.10 Td (our ) Tj ET Q q 0 0 0 rg BT 173.44 574.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 196.21 574.10 Td (are ) Tj ET Q q 0 0 0 rg BT 210.65 574.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 230.09 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.09 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.54 574.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 281.20 574.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 311.74 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.30 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.74 574.10 Td (year ) Tj ET Q q 0 0 0 rg BT 356.17 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.84 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 379.50 574.10 Td (smaller ) Tj ET Q q 0 0 0 rg BT 411.16 574.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 442.27 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 452.28 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.72 574.10 Td (third ) Tj ET Q q 0 0 0 rg BT 487.83 574.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 518.37 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 528.93 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 543.37 574.10 Td (year) Tj ET Q q 0 0 0 rg BT 560.02 574.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 562.10 Td (In ) Tj ET Q q 0 0 0 rg BT 64.35 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.59 562.10 Td (future, ) Tj ET Q q 0 0 0 rg BT 106.99 562.10 Td (following ) Tj ET Q q 0 0 0 rg BT 147.90 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.13 562.10 Td (Separation, ) Tj ET Q q 0 0 0 rg BT 209.42 562.10 Td (as ) Tj ET Q q 0 0 0 rg BT 219.77 562.10 Td (a ) Tj ET Q q 0 0 0 rg BT 226.23 562.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 271.02 562.10 Td (company) Tj ET Q q 0 0 0 rg BT 307.02 562.10 Td (, ) Tj ET Q q 0 0 0 rg BT 311.54 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.78 562.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 353.92 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.27 562.10 Td (our ) Tj ET Q q 0 0 0 rg BT 379.62 562.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 393.86 562.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 434.21 562.10 Td (may ) Tj ET Q q 0 0 0 rg BT 453.44 562.10 Td (change. ) Tj ET Q q 0 0 0 rg BT 486.28 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 488.30 562.10 Td (Finally) Tj ET Q q 0 0 0 rg BT 515.99 562.10 Td (, ) Tj ET Q q 0 0 0 rg BT 520.51 562.10 Td (our ) Tj ET Q q 0 0 0 rg BT 535.86 562.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 550.10 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 105.10 550.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 161.20 550.10 Td (are, ) Tj ET Q q 0 0 0 rg BT 179.81 550.10 Td (among ) Tj ET Q q 0 0 0 rg BT 210.92 550.10 Td (others, ) Tj ET Q q 0 0 0 rg BT 241.76 550.10 Td (influenced ) Tj ET Q q 0 0 0 rg BT 287.86 550.10 Td (by ) Tj ET Q q 0 0 0 rg BT 301.75 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.87 550.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 347.88 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.11 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.22 550.10 Td (launch ) Tj ET Q q 0 0 0 rg BT 406.78 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.00 550.10 Td (new ) Tj ET Q q 0 0 0 rg BT 439.56 550.10 Td (models ) Tj ET Q q 0 0 0 rg BT 472.35 550.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 493.18 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 504.86 550.10 Td (particular) Tj ET Q q 0 0 0 rg BT 542.77 550.10 Td (, ) Tj ET Q q 0 0 0 rg BT 549.17 550.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 538.10 Td (development ) Tj ET Q q 0 0 0 rg BT 108.04 538.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 130.43 538.10 Td (peak ) Tj ET Q q 0 0 0 rg BT 151.70 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.87 538.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 193.70 538.10 Td (when ) Tj ET Q q 0 0 0 rg BT 217.75 538.10 Td (we ) Tj ET Q q 0 0 0 rg BT 231.81 538.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 265.85 538.10 Td (a ) Tj ET Q q 0 0 0 rg BT 272.68 538.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 317.29 538.10 Td (number ) Tj ET Q q 0 0 0 rg BT 350.22 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.95 538.10 Td (new ) Tj ET Q q 0 0 0 rg BT 380.00 538.10 Td (models ) Tj ET Q q 0 0 0 rg BT 411.28 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 421.45 538.10 Td (renew ) Tj ET Q q 0 0 0 rg BT 448.27 538.10 Td (or ) Tj ET Q q 0 0 0 rg BT 458.99 538.10 Td (refresh ) Tj ET Q q 0 0 0 rg BT 489.14 538.10 Td (our ) Tj ET Q q 0 0 0 rg BT 504.86 538.10 Td (product ) Tj ET Q q 0 0 0 rg BT 537.80 538.10 Td (range.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 514.10 Td (W) Tj ET Q q 0 0 0 rg BT 98.64 514.10 Td (e ) Tj ET Q q 0 0 0 rg BT 105.31 514.10 Td (tend ) Tj ET Q q 0 0 0 rg BT 124.76 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.77 514.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 174.20 514.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 205.29 514.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 241.96 514.10 Td (for ) Tj ET Q q 0 0 0 rg BT 255.85 514.10 Td (cars ) Tj ET Q q 0 0 0 rg BT 274.18 514.10 Td (\(other ) Tj ET Q q 0 0 0 rg BT 300.29 514.10 Td (than ) Tj ET Q q 0 0 0 rg BT 319.74 514.10 Td (those ) Tj ET Q q 0 0 0 rg BT 343.08 514.10 Td (for ) Tj ET Q q 0 0 0 rg BT 356.97 514.10 Td (which ) Tj ET Q q 0 0 0 rg BT 383.64 514.10 Td (we ) Tj ET Q q 0 0 0 rg BT 397.53 514.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 430.31 514.10 Td (dealer ) Tj ET Q q 0 0 0 rg BT 456.96 514.10 Td (financing\) ) Tj ET Q q 0 0 0 rg BT 500.29 514.10 Td (between ) Tj ET Q q 0 0 0 rg BT 535.83 514.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 548.07 514.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 502.10 Td (40 ) Tj ET Q q 0 0 0 rg BT 66.38 502.10 Td (days ) Tj ET Q q 0 0 0 rg BT 87.08 502.10 Td (after ) Tj ET Q q 0 0 0 rg BT 107.77 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.36 502.10 Td (car ) Tj ET Q q 0 0 0 rg BT 136.95 502.10 Td (is ) Tj ET Q q 0 0 0 rg BT 145.99 502.10 Td (shipped ) Tj ET Q q 0 0 0 rg BT 179.48 502.10 Td (while ) Tj ET Q q 0 0 0 rg BT 204.07 502.10 Td (we ) Tj ET Q q 0 0 0 rg BT 218.10 502.10 Td (tend ) Tj ET Q q 0 0 0 rg BT 237.70 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 247.85 502.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 264.66 502.10 Td (most ) Tj ET Q q 0 0 0 rg BT 286.49 502.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 324.97 502.10 Td (between ) Tj ET Q q 0 0 0 rg BT 360.66 502.10 Td (90 ) Tj ET Q q 0 0 0 rg BT 373.04 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.85 502.10 Td (105 ) Tj ET Q q 0 0 0 rg BT 407.23 502.10 Td (days ) Tj ET Q q 0 0 0 rg BT 427.93 502.10 Td (after ) Tj ET Q q 0 0 0 rg BT 448.62 502.10 Td (we ) Tj ET Q q 0 0 0 rg BT 462.66 502.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 493.90 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.49 502.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 525.86 502.10 Td (materials ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 490.10 Td (or ) Tj ET Q q 0 0 0 rg BT 64.95 490.10 Td (components. ) Tj ET Q q 0 0 0 rg BT 118.21 490.10 Td (W) Tj ET Q q 0 0 0 rg BT 126.84 490.10 Td (e ) Tj ET Q q 0 0 0 rg BT 133.90 490.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 171.51 490.10 Td (suf) Tj ET Q q 0 0 0 rg BT 183.55 490.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 211.71 490.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 252.66 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.61 490.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 281.22 490.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 320.49 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.55 490.10 Td (components ) Tj ET Q q 0 0 0 rg BT 388.49 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 398.89 490.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 427.61 490.10 Td (continuity ) Tj ET Q q 0 0 0 rg BT 470.78 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.73 490.10 Td (our ) Tj ET Q q 0 0 0 rg BT 497.68 490.10 Td (production ) Tj ET Q q 0 0 0 rg BT 543.62 490.10 Td (lines ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 478.10 Td (but ) Tj ET Q q 0 0 0 rg BT 69.80 478.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 105.59 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.95 478.10 Td (most ) Tj ET Q q 0 0 0 rg BT 139.43 478.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 157.44 478.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 197.12 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.58 478.10 Td (components ) Tj ET Q q 0 0 0 rg BT 265.94 478.10 Td (takes ) Tj ET Q q 0 0 0 rg BT 289.51 478.10 Td (place ) Tj ET Q q 0 0 0 rg BT 313.63 478.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 349.99 478.10 Td (or ) Tj ET Q q 0 0 0 rg BT 361.35 478.10 Td (more ) Tj ET Q q 0 0 0 rg BT 384.92 478.10 Td (frequently ) Tj ET Q q 0 0 0 rg BT 429.04 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 439.84 478.10 Td (order ) Tj ET Q q 0 0 0 rg BT 463.97 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 474.77 478.10 Td (minimize ) Tj ET Q q 0 0 0 rg BT 515.57 478.10 Td (inventories. ) Tj ET Q q 0 0 0 rg BT 565.00 478.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 466.10 Td (Manufacture ) Tj ET Q q 0 0 0 rg BT 108.10 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.45 466.10 Td (one ) Tj ET Q q 0 0 0 rg BT 136.91 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.26 466.10 Td (our ) Tj ET Q q 0 0 0 rg BT 164.61 466.10 Td (cars ) Tj ET Q q 0 0 0 rg BT 183.73 466.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 221.73 466.10 Td (takes ) Tj ET Q q 0 0 0 rg BT 245.30 466.10 Td (between ) Tj ET Q q 0 0 0 rg BT 281.64 466.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 294.65 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.11 466.10 Td (42 ) Tj ET Q q 0 0 0 rg BT 325.13 466.10 Td (days, ) Tj ET Q q 0 0 0 rg BT 348.98 466.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 393.65 466.10 Td (on ) Tj ET Q q 0 0 0 rg BT 406.67 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.91 466.10 Td (level ) Tj ET Q q 0 0 0 rg BT 444.36 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.71 466.10 Td (automation ) Tj ET Q q 0 0 0 rg BT 503.72 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 515.07 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.31 466.10 Td (relevant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 454.10 Td (production ) Tj ET Q q 0 0 0 rg BT 99.40 454.10 Td (line, ) Tj ET Q q 0 0 0 rg BT 118.96 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.47 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.76 454.10 Td (car ) Tj ET Q q 0 0 0 rg BT 164.03 454.10 Td (is ) Tj ET Q q 0 0 0 rg BT 172.77 454.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 212.05 454.10 Td (shipped ) Tj ET Q q 0 0 0 rg BT 245.23 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 255.07 454.10 Td (our ) Tj ET Q q 0 0 0 rg BT 270.47 454.10 Td (dealers ) Tj ET Q q 0 0 0 rg BT 300.86 454.10 Td (three ) Tj ET Q q 0 0 0 rg BT 322.92 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.76 454.10 Td (six ) Tj ET Q q 0 0 0 rg BT 346.50 454.10 Td (days ) Tj ET Q q 0 0 0 rg BT 366.91 454.10 Td (following ) Tj ET Q q 0 0 0 rg BT 407.86 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.15 454.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 469.21 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.61 454.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 527.51 454.10 Td (although ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 64.55 442.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 93.42 442.10 Td (prompt ) Tj ET Q q 0 0 0 rg BT 125.07 442.10 Td (deliveries ) Tj ET Q q 0 0 0 rg BT 166.72 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 177.26 442.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 207.24 442.10 Td (regions ) Tj ET Q q 0 0 0 rg BT 239.44 442.10 Td (we ) Tj ET Q q 0 0 0 rg BT 253.88 442.10 Td (may ) Tj ET Q q 0 0 0 rg BT 273.86 442.10 Td (warehouse ) Tj ET Q q 0 0 0 rg BT 319.39 442.10 Td (cars ) Tj ET Q q 0 0 0 rg BT 338.26 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 348.81 442.10 Td (local ) Tj ET Q q 0 0 0 rg BT 371.01 442.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 405.44 442.10 Td (for ) Tj ET Q q 0 0 0 rg BT 419.87 442.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 448.18 442.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 480.39 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.49 442.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 514.54 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 516.69 442.10 Td (As ) Tj ET Q q 0 0 0 rg BT 530.58 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 537.79 442.10 Td (result, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 430.10 Td (we ) Tj ET Q q 0 0 0 rg BT 68.06 430.10 Td (tend ) Tj ET Q q 0 0 0 rg BT 87.67 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.85 430.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 129.11 430.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 165.95 430.10 Td (for ) Tj ET Q q 0 0 0 rg BT 180.00 430.10 Td (cars ) Tj ET Q q 0 0 0 rg BT 198.50 430.10 Td (shipped ) Tj ET Q q 0 0 0 rg BT 232.01 430.10 Td (before ) Tj ET Q q 0 0 0 rg BT 259.95 430.10 Td (we ) Tj ET Q q 0 0 0 rg BT 274.00 430.10 Td (are ) Tj ET Q q 0 0 0 rg BT 288.61 430.10 Td (required ) Tj ET Q q 0 0 0 rg BT 324.33 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.50 430.10 Td (make ) Tj ET Q q 0 0 0 rg BT 358.56 430.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 395.39 430.10 Td (for ) Tj ET Q q 0 0 0 rg BT 409.45 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.06 430.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 441.45 430.10 Td (material ) Tj ET Q q 0 0 0 rg BT 476.61 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.45 430.10 Td (components ) Tj ET Q q 0 0 0 rg BT 544.17 430.10 Td (used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 64.28 418.10 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 125.09 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.81 418.10 Td (cars.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 394.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 77.62 394.10 Td (Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 370.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 370.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.06 370.10 Td (following ) Tj ET Q q 0 0 0 rg BT 149.45 370.10 Td (table ) Tj ET Q q 0 0 0 rg BT 171.40 370.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 221.67 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.40 370.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 256.67 370.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 281.41 370.10 Td (from/\(used ) Tj ET Q q 0 0 0 rg BT 327.79 370.10 Td (in\) ) Tj ET Q q 0 0 0 rg BT 341.41 370.10 Td (operating, ) Tj ET Q q 0 0 0 rg BT 384.18 370.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 423.36 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.31 370.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 480.58 370.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 519.19 370.10 Td (for ) Tj ET Q q 0 0 0 rg BT 533.36 370.10 Td (each ) Tj ET Q q 0 0 0 rg BT 554.18 370.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.86 358.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 88.73 358.10 Td (months ) Tj ET Q q 0 0 0 rg BT 120.82 358.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 147.34 358.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 207.75 358.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 230.40 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.49 358.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 272.63 358.10 Td (For ) Tj ET Q q 0 0 0 rg BT 289.17 358.10 Td (a ) Tj ET Q q 0 0 0 rg BT 296.26 358.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 335.55 358.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 379.87 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.85 358.10 Td (our ) Tj ET Q q 0 0 0 rg BT 406.82 358.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 427.24 358.10 Td (flows, ) Tj ET Q q 0 0 0 rg BT 454.61 358.10 Td (see ) Tj ET Q q 0 0 0 rg BT 470.02 358.10 Td (our ) Tj ET Q q 0 0 0 rg BT 486.00 358.10 Td (Interim ) Tj ET Q q 0 0 0 rg BT 518.08 358.10 Td (Condensed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 346.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 109.27 346.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 148.99 346.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 195.37 346.10 Td (included ) Tj ET Q q 0 0 0 rg BT 232.30 346.10 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 274.78 346.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.05 346.10 Td (this ) Tj ET Q q 0 0 0 rg BT 302.00 346.10 Td (Interim ) Tj ET Q q 0 0 0 rg BT 333.94 346.10 Td (Report.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 290.60 320.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 290.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 290.60 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 290.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 290.60 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 262.60 320.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 262.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 262.60 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 262.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 262.60 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 234.60 320.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 234.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 234.60 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 234.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 234.60 85.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 317.6 m 467.5 317.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 317.6 m 463.5 317.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 303.6 m 463.5 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 317.6 m 552.5 317.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 303.6 m 552.5 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 234.60000000000002 m 463.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 221.60000000000002 m 463.5 221.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 219.60000000000002 m 463.5 219.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 234.60000000000002 m 552.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 221.60000000000002 m 552.5 221.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 219.60000000000002 m 552.5 219.60000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 385.00 324.55 Td (For) Tj ET Q q 0 0 0 rg BT 398.83 324.55 Td ( the nine months ended September) Tj ET Q q 0 0 0 rg BT 531.42 324.55 Td ( 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.50 308.55 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.50 308.55 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.75 294.85 Td (\( million\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 281.06 Td (Cash flows from operating activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.50 281.06 Td (534) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.50 281.06 Td (295) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 267.06 Td (Cash flows used in investing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.50 267.06 Td (\(196) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.00 267.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.50 267.06 Td (\(168) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 267.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 253.06 Td (Cash flows from/\(used\) in financing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.50 253.06 Td (\(288) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.00 253.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.00 253.06 Td (\(85) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 253.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 239.06 Td (Translation exchange differences) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.50 239.06 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.50 239.06 Td (8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 225.55 Td (Total change in cash and cash equivalents) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.00 225.55 Td (56) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.00 225.55 Td (50) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 554.00 221.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 197.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 197.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 133.43 197.10 Td (Activities ) Tj ET Q q 0 0 0 rg BT 173.13 197.10 Td (- ) Tj ET Q q 0 0 0 rg BT 178.96 197.10 Td (Nine ) Tj ET Q q 0 0 0 rg BT 200.35 197.10 Td (months ) Tj ET Q q 0 0 0 rg BT 231.74 197.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 258.12 197.10 Td (September ) Tj ET Q q 0 0 0 rg BT 302.83 197.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 317.83 197.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.83 197.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 173.10 Td (For ) Tj ET Q q 0 0 0 rg BT 106.45 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.22 173.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 140.99 173.10 Td (months ) Tj ET Q q 0 0 0 rg BT 172.99 173.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 199.43 173.10 Td (September ) Tj ET Q q 0 0 0 rg BT 244.75 173.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 259.80 173.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 284.86 173.10 Td (our ) Tj ET Q q 0 0 0 rg BT 300.74 173.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 321.06 173.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 345.84 173.10 Td (from ) Tj ET Q q 0 0 0 rg BT 367.83 173.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 408.15 173.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 446.81 173.10 Td (were ) Tj ET Q q 0 0 0 rg BT 468.79 173.10 Td (534 ) Tj ET Q q 0 0 0 rg BT 491.35 173.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 525.29 173.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.72 161.10 Td (result ) Tj ET Q q 0 0 0 rg BT 93.43 161.10 Td (of:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 137.10 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 137.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 115.04 137.10 Td (before ) Tj ET Q q 0 0 0 rg BT 143.39 137.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 166.76 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.91 137.10 Td (354 ) Tj ET Q q 0 0 0 rg BT 200.73 137.10 Td (million ) Tj ET Q q 0 0 0 rg BT 232.44 137.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 268.58 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.18 137.10 Td (add ) Tj ET Q q 0 0 0 rg BT 296.43 137.10 Td (back ) Tj ET Q q 0 0 0 rg BT 318.13 137.10 Td (203 ) Tj ET Q q 0 0 0 rg BT 340.95 137.10 Td (million ) Tj ET Q q 0 0 0 rg BT 372.66 137.10 Td (for ) Tj ET Q q 0 0 0 rg BT 387.14 137.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 439.38 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 456.63 137.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 509.99 137.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 547.52 137.10 Td (34 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 125.10 Td (million ) Tj ET Q q 0 0 0 rg BT 121.52 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 131.93 125.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 176.23 125.10 Td (recognized, ) Tj ET Q q 0 0 0 rg BT 225.22 125.10 Td (38 ) Tj ET Q q 0 0 0 rg BT 242.85 125.10 Td (million ) Tj ET Q q 0 0 0 rg BT 274.37 125.10 Td (related ) Tj ET Q q 0 0 0 rg BT 304.20 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.61 125.10 Td (other ) Tj ET Q q 0 0 0 rg BT 337.79 125.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 376.51 125.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 415.24 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 432.31 125.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 466.87 125.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 500.04 125.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 539.89 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 125.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 113.10 Td (accruals ) Tj ET Q q 0 0 0 rg BT 125.07 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 135.16 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.69 113.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 196.43 113.10 Td (for ) Tj ET Q q 0 0 0 rg BT 210.40 113.10 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 246.60 113.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 268.90 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.65 113.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 325.73 113.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 373.01 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.76 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.29 113.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 444.39 113.10 Td (for ) Tj ET Q q 0 0 0 rg BT 458.36 113.10 Td (slow ) Tj ET Q q 0 0 0 rg BT 479.57 113.10 Td (moving ) Tj ET Q q 0 0 0 rg BT 512.44 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.19 113.10 Td (obsolete ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 101.10 Td (inventories ) Tj ET Q q 0 0 0 rg BT 137.89 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 155.79 101.10 Td (7 ) Tj ET Q q 0 0 0 rg BT 169.25 101.10 Td (million ) Tj ET Q q 0 0 0 rg BT 201.60 101.10 Td (related ) Tj ET Q q 0 0 0 rg BT 232.26 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.50 101.10 Td (net ) Tj ET Q q 0 0 0 rg BT 259.18 101.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 283.75 101.10 Td (on ) Tj ET Q q 0 0 0 rg BT 297.20 101.10 Td (disposals ) Tj ET Q q 0 0 0 rg BT 337.33 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.12 101.10 Td (property) Tj ET Q q 0 0 0 rg BT 382.35 101.10 Td (, ) Tj ET Q q 0 0 0 rg BT 388.31 101.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 411.77 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.66 101.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 477.83 101.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 521.28 101.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 548.07 101.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 89.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 136.38 89.10 Td (properties;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 65.10 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 65.10 Td (82 ) Tj ET Q q 0 0 0 rg BT 107.76 65.10 Td (million ) Tj ET Q q 0 0 0 rg BT 139.40 65.10 Td (related ) Tj ET Q q 0 0 0 rg BT 169.36 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.89 65.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 200.42 65.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 242.04 65.10 Td (by ) Tj ET Q q 0 0 0 rg BT 254.79 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.76 65.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 306.93 65.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.47 65.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 365.19 65.10 Td (from ) Tj ET Q q 0 0 0 rg BT 387.39 65.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 427.90 65.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 469.26 65.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 509.23 65.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 537.53 65.10 Td (by ) Tj ET Q q 0 0 0 rg BT 550.28 65.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 53.10 Td (full ) Tj ET Q q 0 0 0 rg BT 107.11 53.10 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 170.31 53.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.86 53.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.29 53.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 238.28 53.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.83 53.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 291.37 53.10 Td (related ) Tj ET Q q 0 0 0 rg BT 321.80 53.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.80 53.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.23 53.10 Td (establishment ) Tj ET Q q 0 0 0 rg BT 406.44 53.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.99 53.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.43 53.10 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 471.64 53.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 517.62 53.10 Td (business ) Tj ET Q q 0 0 0 rg BT 554.73 53.10 Td (in ) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 30.20 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 742.10 Td (China, ) Tj ET Q q 0 0 0 rg BT 118.83 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 145.71 742.10 Td (at ) Tj ET Q q 0 0 0 rg BT 155.37 742.10 Td (December ) Tj ET Q q 0 0 0 rg BT 198.90 742.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 213.85 742.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 236.29 742.10 Td (was ) Tj ET Q q 0 0 0 rg BT 254.28 742.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 278.38 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.61 742.10 Td (147 ) Tj ET Q q 0 0 0 rg BT 311.05 742.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 344.89 742.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 380.65 742.10 Td (of) Tj ET Q q 0 0 0 rg BT 388.80 742.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 405.68 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 418.13 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.79 742.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 467.98 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 478.21 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.87 742.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 530.29 742.10 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 730.10 Td (client ) Tj ET Q q 0 0 0 rg BT 114.71 730.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 154.98 730.10 Td (portfolio;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 706.10 Td (\(iii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 706.10 Td (67 ) Tj ET Q q 0 0 0 rg BT 107.79 706.10 Td (million ) Tj ET Q q 0 0 0 rg BT 139.46 706.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 172.79 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 183.35 706.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 203.91 706.10 Td (absorbed ) Tj ET Q q 0 0 0 rg BT 242.79 706.10 Td (by ) Tj ET Q q 0 0 0 rg BT 255.58 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.58 706.10 Td (net ) Tj ET Q q 0 0 0 rg BT 285.58 706.10 Td (change ) Tj ET Q q 0 0 0 rg BT 316.68 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 327.25 706.10 Td (other ) Tj ET Q q 0 0 0 rg BT 350.58 706.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 391.13 706.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 417.25 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.47 706.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 476.97 706.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 516.97 706.10 Td (attributable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 100.93 694.10 Td (an ) Tj ET Q q 0 0 0 rg BT 113.53 694.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 149.44 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 160.37 694.10 Td (other ) Tj ET Q q 0 0 0 rg BT 184.07 694.10 Td (current ) Tj ET Q q 0 0 0 rg BT 215.55 694.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 242.03 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.63 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 267.22 694.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 304.79 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 315.72 694.10 Td (other ) Tj ET Q q 0 0 0 rg BT 339.43 694.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 382.30 694.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 411.00 694.10 Td (by ) Tj ET Q q 0 0 0 rg BT 423.93 694.10 Td (V) Tj ET Q q 0 0 0 rg BT 429.86 694.10 Td (A) Tj ET Q q 0 0 0 rg BT 435.98 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 441.34 694.10 Td (, ) Tj ET Q q 0 0 0 rg BT 447.00 694.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 483.46 694.10 Td (income ) Tj ET Q q 0 0 0 rg BT 516.05 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 533.64 694.10 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 682.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 127.48 682.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 167.73 682.10 Td (translation;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 658.10 Td (\(iv\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 658.10 Td (76 ) Tj ET Q q 0 0 0 rg BT 107.28 658.10 Td (million ) Tj ET Q q 0 0 0 rg BT 138.46 658.10 Td (related ) Tj ET Q q 0 0 0 rg BT 167.94 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.00 658.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 198.05 658.10 Td (absorbed ) Tj ET Q q 0 0 0 rg BT 236.43 658.10 Td (from ) Tj ET Q q 0 0 0 rg BT 258.15 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.65 658.10 Td (net ) Tj ET Q q 0 0 0 rg BT 287.15 658.10 Td (change ) Tj ET Q q 0 0 0 rg BT 317.74 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 327.80 658.10 Td (inventories, ) Tj ET Q q 0 0 0 rg BT 377.02 658.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 399.29 658.10 Td (payables ) Tj ET Q q 0 0 0 rg BT 436.55 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.27 658.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 475.54 658.10 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 525.29 658.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 646.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 117.84 646.10 Td (by ) Tj ET Q q 0 0 0 rg BT 130.14 646.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 143.53 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 150.27 646.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 186.98 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 197.05 646.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 219.34 646.10 Td (payables ) Tj ET Q q 0 0 0 rg BT 256.62 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.24 646.10 Td (100 ) Tj ET Q q 0 0 0 rg BT 289.54 646.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 323.23 646.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 337.19 646.10 Td (an ) Tj ET Q q 0 0 0 rg BT 348.92 646.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 383.97 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 394.05 646.10 Td (inventories ) Tj ET Q q 0 0 0 rg BT 440.78 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.40 646.10 Td (1) Tj ET Q q 0 0 0 rg BT 461.03 646.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 468.33 646.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 502.02 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 504.31 646.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 539.93 646.10 Td (of) Tj ET Q q 0 0 0 rg BT 548.08 646.10 Td (fset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 634.10 Td (by ) Tj ET Q q 0 0 0 rg BT 102.50 634.10 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 116.10 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 123.04 634.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 159.95 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 170.23 634.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 192.71 634.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 240.19 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 251.02 634.10 Td (35 ) Tj ET Q q 0 0 0 rg BT 268.52 634.10 Td (million; ) Tj ET Q q 0 0 0 rg BT 302.69 634.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 610.10 Td (\(v\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 610.10 Td (income ) Tj ET Q q 0 0 0 rg BT 121.93 610.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 144.98 610.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 164.70 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.53 610.10 Td (27 ) Tj ET Q q 0 0 0 rg BT 193.03 610.10 Td (million.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 586.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 133.43 586.10 Td (Activities ) Tj ET Q q 0 0 0 rg BT 173.13 586.10 Td (- ) Tj ET Q q 0 0 0 rg BT 178.96 586.10 Td (Nine ) Tj ET Q q 0 0 0 rg BT 200.35 586.10 Td (months ) Tj ET Q q 0 0 0 rg BT 231.74 586.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 258.12 586.10 Td (September ) Tj ET Q q 0 0 0 rg BT 302.83 586.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 317.83 586.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 562.10 Td (For ) Tj ET Q q 0 0 0 rg BT 106.45 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.22 562.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 140.99 562.10 Td (months ) Tj ET Q q 0 0 0 rg BT 172.99 562.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 199.43 562.10 Td (September ) Tj ET Q q 0 0 0 rg BT 244.75 562.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 259.80 562.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 284.86 562.10 Td (our ) Tj ET Q q 0 0 0 rg BT 300.74 562.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 321.06 562.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 345.84 562.10 Td (from ) Tj ET Q q 0 0 0 rg BT 367.83 562.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 408.15 562.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 446.81 562.10 Td (were ) Tj ET Q q 0 0 0 rg BT 468.79 562.10 Td (295 ) Tj ET Q q 0 0 0 rg BT 491.35 562.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 525.29 562.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.72 550.10 Td (result ) Tj ET Q q 0 0 0 rg BT 93.43 550.10 Td (of:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 526.10 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 526.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 115.06 526.10 Td (before ) Tj ET Q q 0 0 0 rg BT 143.44 526.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 166.82 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.99 526.10 Td (281 ) Tj ET Q q 0 0 0 rg BT 200.83 526.10 Td (million ) Tj ET Q q 0 0 0 rg BT 232.57 526.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 268.73 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.35 526.10 Td (add ) Tj ET Q q 0 0 0 rg BT 296.63 526.10 Td (back ) Tj ET Q q 0 0 0 rg BT 318.35 526.10 Td (21) Tj ET Q q 0 0 0 rg BT 332.98 526.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 340.82 526.10 Td (million ) Tj ET Q q 0 0 0 rg BT 372.55 526.10 Td (for ) Tj ET Q q 0 0 0 rg BT 387.05 526.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 439.31 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 456.59 526.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 509.97 526.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 547.52 526.10 Td (48 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 514.10 Td (million ) Tj ET Q q 0 0 0 rg BT 121.48 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 131.85 514.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 176.10 514.10 Td (recognized, ) Tj ET Q q 0 0 0 rg BT 225.05 514.10 Td (23 ) Tj ET Q q 0 0 0 rg BT 242.64 514.10 Td (million ) Tj ET Q q 0 0 0 rg BT 274.12 514.10 Td (related ) Tj ET Q q 0 0 0 rg BT 303.91 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.28 514.10 Td (other ) Tj ET Q q 0 0 0 rg BT 337.41 514.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 376.10 514.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 414.79 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.81 514.10 Td (income ) Tj ET Q q 0 0 0 rg BT 463.83 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.86 514.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 493.45 514.10 Td (million ) Tj ET Q q 0 0 0 rg BT 524.93 514.10 Td (related ) Tj ET Q q 0 0 0 rg BT 554.72 514.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.72 502.10 Td (net ) Tj ET Q q 0 0 0 rg BT 119.43 502.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 139.15 502.10 Td (on ) Tj ET Q q 0 0 0 rg BT 151.65 502.10 Td (disposals ) Tj ET Q q 0 0 0 rg BT 190.82 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.65 502.10 Td (property) Tj ET Q q 0 0 0 rg BT 234.88 502.10 Td (, ) Tj ET Q q 0 0 0 rg BT 239.88 502.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 262.37 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.31 502.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 326.52 502.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 369.01 502.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 394.84 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.78 502.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 458.16 502.10 Td (properties;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 478.10 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 478.10 Td (121 ) Tj ET Q q 0 0 0 rg BT 112.96 478.10 Td (million ) Tj ET Q q 0 0 0 rg BT 144.81 478.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 178.31 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.05 478.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 209.78 478.10 Td (absorbed ) Tj ET Q q 0 0 0 rg BT 248.84 478.10 Td (by ) Tj ET Q q 0 0 0 rg BT 261.80 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.98 478.10 Td (net ) Tj ET Q q 0 0 0 rg BT 292.16 478.10 Td (change ) Tj ET Q q 0 0 0 rg BT 323.43 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 334.17 478.10 Td (other ) Tj ET Q q 0 0 0 rg BT 357.68 478.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 398.40 478.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 424.69 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.09 478.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 484.77 478.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 524.94 478.10 Td (due ) Tj ET Q q 0 0 0 rg BT 542.34 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 553.08 478.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 466.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 125.25 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 135.53 466.10 Td (other ) Tj ET Q q 0 0 0 rg BT 158.58 466.10 Td (current ) Tj ET Q q 0 0 0 rg BT 189.39 466.10 Td (assets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 442.10 Td (\(iii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 442.10 Td (1) Tj ET Q q 0 0 0 rg BT 99.63 442.10 Td (10 ) Tj ET Q q 0 0 0 rg BT 111.64 442.10 Td (million ) Tj ET Q q 0 0 0 rg BT 142.54 442.10 Td (related ) Tj ET Q q 0 0 0 rg BT 171.75 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 181.54 442.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 201.32 442.10 Td (absorbed ) Tj ET Q q 0 0 0 rg BT 239.42 442.10 Td (from ) Tj ET Q q 0 0 0 rg BT 260.87 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.10 442.10 Td (net ) Tj ET Q q 0 0 0 rg BT 289.32 442.10 Td (change ) Tj ET Q q 0 0 0 rg BT 319.65 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 329.44 442.10 Td (inventories, ) Tj ET Q q 0 0 0 rg BT 378.38 442.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 400.37 442.10 Td (payables ) Tj ET Q q 0 0 0 rg BT 437.37 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.82 442.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 475.81 442.10 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 525.29 442.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 430.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 118.24 430.10 Td (by ) Tj ET Q q 0 0 0 rg BT 130.93 430.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 144.71 430.10 Td (a ) Tj ET Q q 0 0 0 rg BT 151.84 430.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 188.95 430.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.41 430.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 222.09 430.10 Td (payables ) Tj ET Q q 0 0 0 rg BT 259.76 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.78 430.10 Td (69 ) Tj ET Q q 0 0 0 rg BT 288.47 430.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 322.55 430.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 336.90 430.10 Td (an ) Tj ET Q q 0 0 0 rg BT 349.03 430.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 384.47 430.10 Td (in ) Tj ET Q q 0 0 0 rg BT 394.94 430.10 Td (inventories ) Tj ET Q q 0 0 0 rg BT 442.06 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.08 430.10 Td (58 ) Tj ET Q q 0 0 0 rg BT 470.77 430.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 504.85 430.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 535.32 430.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 100.44 418.10 Td (inventories ) Tj ET Q q 0 0 0 rg BT 147.53 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.52 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.39 418.10 Td (LaFerrari ) Tj ET Q q 0 0 0 rg BT 213.80 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 224.24 418.10 Td (be ) Tj ET Q q 0 0 0 rg BT 236.33 418.10 Td (shipped ) Tj ET Q q 0 0 0 rg BT 270.10 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 280.54 418.10 Td (future ) Tj ET Q q 0 0 0 rg BT 307.07 418.10 Td (periods, ) Tj ET Q q 0 0 0 rg BT 341.67 418.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 377.64 418.10 Td (of) Tj ET Q q 0 0 0 rg BT 385.79 418.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 402.89 418.10 Td (by ) Tj ET Q q 0 0 0 rg BT 415.55 418.10 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 429.30 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 436.40 418.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 473.47 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 483.91 418.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 506.55 418.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 554.18 418.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 406.10 Td (17 ) Tj ET Q q 0 0 0 rg BT 107.50 406.10 Td (million;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 382.10 Td (\(iv\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 382.10 Td (20 ) Tj ET Q q 0 0 0 rg BT 106.68 382.10 Td (million ) Tj ET Q q 0 0 0 rg BT 137.24 382.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 169.46 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.92 382.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 198.36 382.10 Td (absorbed ) Tj ET Q q 0 0 0 rg BT 236.14 382.10 Td (by ) Tj ET Q q 0 0 0 rg BT 247.81 382.10 Td (an ) Tj ET Q q 0 0 0 rg BT 258.93 382.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 293.36 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 302.81 382.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 349.46 382.10 Td (from ) Tj ET Q q 0 0 0 rg BT 370.57 382.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 410.01 382.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 450.29 382.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 479.74 382.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 506.96 382.10 Td (by ) Tj ET Q q 0 0 0 rg BT 518.64 382.10 Td (an ) Tj ET Q q 0 0 0 rg BT 529.75 382.10 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.28 370.10 Td (business ) Tj ET Q q 0 0 0 rg BT 136.67 370.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 173.06 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.89 370.10 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 213.59 370.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 253.31 370.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 289.68 370.10 Td (Inc; ) Tj ET Q q 0 0 0 rg BT 307.73 370.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 346.10 Td (\(v\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 346.10 Td (income ) Tj ET Q q 0 0 0 rg BT 121.93 346.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 144.98 346.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 164.70 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.53 346.10 Td (16 ) Tj ET Q q 0 0 0 rg BT 193.03 346.10 Td (million. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 322.10 Td (Investing ) Tj ET Q q 0 0 0 rg BT 128.97 322.10 Td (Activities ) Tj ET Q q 0 0 0 rg BT 168.68 322.10 Td (- ) Tj ET Q q 0 0 0 rg BT 174.51 322.10 Td (Nine ) Tj ET Q q 0 0 0 rg BT 195.90 322.10 Td (months ) Tj ET Q q 0 0 0 rg BT 227.29 322.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 253.67 322.10 Td (September ) Tj ET Q q 0 0 0 rg BT 298.37 322.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 313.37 322.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 298.10 Td (For ) Tj ET Q q 0 0 0 rg BT 106.77 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.86 298.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 141.95 298.10 Td (months ) Tj ET Q q 0 0 0 rg BT 174.27 298.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 201.03 298.10 Td (September ) Tj ET Q q 0 0 0 rg BT 246.66 298.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 262.04 298.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 287.41 298.10 Td (our ) Tj ET Q q 0 0 0 rg BT 303.62 298.10 Td (net ) Tj ET Q q 0 0 0 rg BT 318.71 298.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 339.35 298.10 Td (used ) Tj ET Q q 0 0 0 rg BT 360.56 298.10 Td (in ) Tj ET Q q 0 0 0 rg BT 371.21 298.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 410.75 298.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 449.73 298.10 Td (was ) Tj ET Q q 0 0 0 rg BT 468.15 298.10 Td (196 ) Tj ET Q q 0 0 0 rg BT 491.03 298.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 525.29 298.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 286.10 Td (due ) Tj ET Q q 0 0 0 rg BT 71.37 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 82.08 286.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 111.67 286.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 165.70 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.96 286.10 Td (234 ) Tj ET Q q 0 0 0 rg BT 199.89 286.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 234.22 286.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 270.47 286.10 Td (of) Tj ET Q q 0 0 0 rg BT 278.62 286.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 295.99 286.10 Td (by ) Tj ET Q q 0 0 0 rg BT 308.93 286.10 Td (37 ) Tj ET Q q 0 0 0 rg BT 326.86 286.10 Td (million ) Tj ET Q q 0 0 0 rg BT 358.69 286.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 397.16 286.10 Td (from ) Tj ET Q q 0 0 0 rg BT 419.53 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.68 286.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 470.39 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.65 286.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 507.92 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.29 286.10 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 274.10 Td (related ) Tj ET Q q 0 0 0 rg BT 83.69 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.95 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.65 274.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 155.02 274.10 Td (properties. ) Tj ET Q q 0 0 0 rg BT 199.99 274.10 Td (In ) Tj ET Q q 0 0 0 rg BT 210.80 274.10 Td (particular) Tj ET Q q 0 0 0 rg BT 248.71 274.10 Td (, ) Tj ET Q q 0 0 0 rg BT 253.70 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.40 274.10 Td (234 ) Tj ET Q q 0 0 0 rg BT 290.88 274.10 Td (million ) Tj ET Q q 0 0 0 rg BT 322.26 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.07 274.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 362.21 274.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 415.78 274.10 Td (was ) Tj ET Q q 0 0 0 rg BT 433.82 274.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 477.96 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.77 274.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 500.70 274.10 Td (1) Tj ET Q q 0 0 0 rg BT 510.33 274.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 522.81 274.10 Td (million ) Tj ET Q q 0 0 0 rg BT 554.19 274.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 262.10 Td (additions ) Tj ET Q q 0 0 0 rg BT 93.71 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.54 262.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 147.57 262.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 176.45 262.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 207.27 262.10 Td (related ) Tj ET Q q 0 0 0 rg BT 237.52 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.35 262.10 Td (externally ) Tj ET Q q 0 0 0 rg BT 291.37 262.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 328.84 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.33 262.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 387.70 262.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 429.61 262.10 Td (development ) Tj ET Q q 0 0 0 rg BT 484.30 262.10 Td (costs; ) Tj ET Q q 0 0 0 rg BT 510.13 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.61 262.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 542.88 262.10 Td (1) Tj ET Q q 0 0 0 rg BT 552.51 262.10 Td (19 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 250.10 Td (million ) Tj ET Q q 0 0 0 rg BT 85.87 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.18 250.10 Td (additions ) Tj ET Q q 0 0 0 rg BT 136.82 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 147.58 250.10 Td (property) Tj ET Q q 0 0 0 rg BT 180.80 250.10 Td (, ) Tj ET Q q 0 0 0 rg BT 186.28 250.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 209.25 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 226.67 250.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 274.36 250.10 Td (related ) Tj ET Q q 0 0 0 rg BT 304.54 250.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 344.73 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.48 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.68 250.10 Td (new ) Tj ET Q q 0 0 0 rg BT 390.32 250.10 Td (488 ) Tj ET Q q 0 0 0 rg BT 408.29 250.10 Td (GTB ) Tj ET Q q 0 0 0 rg BT 431.27 250.10 Td (launched ) Tj ET Q q 0 0 0 rg BT 470.34 250.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.10 250.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 506.58 250.10 Td (For ) Tj ET Q q 0 0 0 rg BT 523.44 250.10 Td (a ) Tj ET Q q 0 0 0 rg BT 530.86 250.10 Td (detailed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 238.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 88.72 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.55 238.10 Td (additions ) Tj ET Q q 0 0 0 rg BT 138.71 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.99 238.10 Td (property) Tj ET Q q 0 0 0 rg BT 182.22 238.10 Td (, ) Tj ET Q q 0 0 0 rg BT 187.22 238.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 209.71 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 226.65 238.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 271.36 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 288.30 238.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 330.79 238.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 356.62 238.10 Td (see ) Tj ET Q q 0 0 0 rg BT 371.89 238.10 Td (-Capital ) Tj ET Q q 0 0 0 rg BT 411.04 238.10 Td (Expenditures.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 214.10 Td (Investing ) Tj ET Q q 0 0 0 rg BT 128.97 214.10 Td (Activities ) Tj ET Q q 0 0 0 rg BT 168.68 214.10 Td (- ) Tj ET Q q 0 0 0 rg BT 174.51 214.10 Td (Nine ) Tj ET Q q 0 0 0 rg BT 195.90 214.10 Td (months ) Tj ET Q q 0 0 0 rg BT 227.29 214.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 253.67 214.10 Td (September ) Tj ET Q q 0 0 0 rg BT 298.37 214.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 313.37 214.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 190.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 190.10 Td (For ) Tj ET Q q 0 0 0 rg BT 106.77 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.86 190.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 141.95 190.10 Td (months ) Tj ET Q q 0 0 0 rg BT 174.27 190.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 201.03 190.10 Td (September ) Tj ET Q q 0 0 0 rg BT 246.66 190.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 262.04 190.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 287.41 190.10 Td (our ) Tj ET Q q 0 0 0 rg BT 303.62 190.10 Td (net ) Tj ET Q q 0 0 0 rg BT 318.71 190.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 339.35 190.10 Td (used ) Tj ET Q q 0 0 0 rg BT 360.56 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 371.21 190.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 410.75 190.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 449.73 190.10 Td (was ) Tj ET Q q 0 0 0 rg BT 468.15 190.10 Td (168 ) Tj ET Q q 0 0 0 rg BT 491.03 190.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 525.29 190.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 178.10 Td (due ) Tj ET Q q 0 0 0 rg BT 70.73 178.10 Td (to ) Tj ET Q q 0 0 0 rg BT 80.79 178.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 109.73 178.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 163.11 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.73 178.10 Td (207 ) Tj ET Q q 0 0 0 rg BT 196.02 178.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 229.70 178.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 265.30 178.10 Td (of) Tj ET Q q 0 0 0 rg BT 273.45 178.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 290.18 178.10 Td (by ) Tj ET Q q 0 0 0 rg BT 302.47 178.10 Td (39 ) Tj ET Q q 0 0 0 rg BT 319.75 178.10 Td (million ) Tj ET Q q 0 0 0 rg BT 350.93 178.10 Td (related ) Tj ET Q q 0 0 0 rg BT 380.42 178.10 Td (to ) Tj ET Q q 0 0 0 rg BT 390.49 178.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 410.55 178.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 447.26 178.10 Td (on ) Tj ET Q q 0 0 0 rg BT 459.54 178.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 509.60 178.10 Td (with ) Tj ET Q q 0 0 0 rg BT 529.66 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.17 178.10 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 166.10 Td (controlling ) Tj ET Q q 0 0 0 rg BT 99.68 166.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 134.79 166.10 Td (in ) Tj ET Q q 0 0 0 rg BT 144.37 166.10 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 173.37 166.10 Td (International ) Tj ET Q q 0 0 0 rg BT 226.25 166.10 Td (Cars ) Tj ET Q q 0 0 0 rg BT 246.24 166.10 Td (T) Tj ET Q q 0 0 0 rg BT 252.00 166.10 Td (rading ) Tj ET Q q 0 0 0 rg BT 279.34 166.10 Td (\(Shanghai\) ) Tj ET Q q 0 0 0 rg BT 325.01 166.10 Td (Co. ) Tj ET Q q 0 0 0 rg BT 340.97 166.10 Td (L.t.d. ) Tj ET Q q 0 0 0 rg BT 364.15 166.10 Td (In ) Tj ET Q q 0 0 0 rg BT 374.28 166.10 Td (particular) Tj ET Q q 0 0 0 rg BT 412.19 166.10 Td (, ) Tj ET Q q 0 0 0 rg BT 416.48 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.49 166.10 Td (207 ) Tj ET Q q 0 0 0 rg BT 452.28 166.10 Td (million ) Tj ET Q q 0 0 0 rg BT 482.97 166.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 511.41 166.10 Td (expenditures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 154.10 Td (were ) Tj ET Q q 0 0 0 rg BT 75.32 154.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 118.88 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.10 154.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 140.44 154.10 Td (1) Tj ET Q q 0 0 0 rg BT 150.07 154.10 Td (1) Tj ET Q q 0 0 0 rg BT 154.69 154.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 161.59 154.10 Td (million ) Tj ET Q q 0 0 0 rg BT 192.38 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.60 154.10 Td (additions ) Tj ET Q q 0 0 0 rg BT 241.17 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.84 154.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 292.73 154.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 320.45 154.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 350.12 154.10 Td (related ) Tj ET Q q 0 0 0 rg BT 379.22 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.89 154.10 Td (externally ) Tj ET Q q 0 0 0 rg BT 430.77 154.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 467.09 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.42 154.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 523.64 154.10 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 142.10 Td (development ) Tj ET Q q 0 0 0 rg BT 107.94 142.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 132.73 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.46 142.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 163.97 142.10 Td (96 ) Tj ET Q q 0 0 0 rg BT 181.26 142.10 Td (million ) Tj ET Q q 0 0 0 rg BT 212.44 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.06 142.10 Td (additions ) Tj ET Q q 0 0 0 rg BT 262.01 142.10 Td (to ) Tj ET Q q 0 0 0 rg BT 272.08 142.10 Td (property) Tj ET Q q 0 0 0 rg BT 305.31 142.10 Td (, ) Tj ET Q q 0 0 0 rg BT 310.10 142.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 332.38 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.11 142.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 396.11 142.10 Td (related ) Tj ET Q q 0 0 0 rg BT 425.61 142.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 465.11 142.10 Td (to ) Tj ET Q q 0 0 0 rg BT 475.18 142.10 Td (engine ) Tj ET Q q 0 0 0 rg BT 504.12 142.10 Td (assembly ) Tj ET Q q 0 0 0 rg BT 543.63 142.10 Td (lines ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 70.64 130.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 92.85 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.49 130.10 Td (machinery ) Tj ET Q q 0 0 0 rg BT 153.90 130.10 Td (for ) Tj ET Q q 0 0 0 rg BT 167.76 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.19 130.10 Td (LaFerrari ) Tj ET Q q 0 0 0 rg BT 222.15 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.79 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.21 130.10 Td (California ) Tj ET Q q 0 0 0 rg BT 295.80 130.10 Td (T) Tj ET Q q 0 0 0 rg BT 301.73 130.10 Td ( ) Tj ET Q q 0 0 0 rg BT 303.94 130.10 Td (models. ) Tj ET Q q 0 0 0 rg BT 337.53 130.10 Td (For ) Tj ET Q q 0 0 0 rg BT 353.63 130.10 Td (a ) Tj ET Q q 0 0 0 rg BT 360.27 130.10 Td (detailed ) Tj ET Q q 0 0 0 rg BT 394.13 130.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 428.55 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.09 130.10 Td (additions ) Tj ET Q q 0 0 0 rg BT 477.96 130.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.94 130.10 Td (property) Tj ET Q q 0 0 0 rg BT 521.17 130.10 Td (, ) Tj ET Q q 0 0 0 rg BT 525.88 130.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 548.08 130.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 118.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 98.71 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 115.65 118.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 158.14 118.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 183.97 118.10 Td (see ) Tj ET Q q 0 0 0 rg BT 199.24 118.10 Td (-Capital ) Tj ET Q q 0 0 0 rg BT 238.39 118.10 Td (Expenditures.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 94.10 Td (Financing ) Tj ET Q q 0 0 0 rg BT 133.42 94.10 Td (Activities ) Tj ET Q q 0 0 0 rg BT 173.13 94.10 Td (- ) Tj ET Q q 0 0 0 rg BT 178.96 94.10 Td (Nine ) Tj ET Q q 0 0 0 rg BT 200.35 94.10 Td (months ) Tj ET Q q 0 0 0 rg BT 231.74 94.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 258.12 94.10 Td (September ) Tj ET Q q 0 0 0 rg BT 302.82 94.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 317.82 94.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 70.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 70.10 Td (For ) Tj ET Q q 0 0 0 rg BT 106.77 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.86 70.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 141.95 70.10 Td (months ) Tj ET Q q 0 0 0 rg BT 174.28 70.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 201.03 70.10 Td (September ) Tj ET Q q 0 0 0 rg BT 246.67 70.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 262.05 70.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 287.42 70.10 Td (net ) Tj ET Q q 0 0 0 rg BT 302.51 70.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 323.16 70.10 Td (used ) Tj ET Q q 0 0 0 rg BT 344.37 70.10 Td (in ) Tj ET Q q 0 0 0 rg BT 355.02 70.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 395.66 70.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 434.63 70.10 Td (was ) Tj ET Q q 0 0 0 rg BT 453.06 70.10 Td (288 ) Tj ET Q q 0 0 0 rg BT 475.94 70.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 510.21 70.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 550.29 70.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 58.10 Td (result ) Tj ET Q q 0 0 0 rg BT 78.72 58.10 Td (of:) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 30.20 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 742.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 90.00 742.10 Td (264 ) Tj ET Q q 0 0 0 rg BT 112.50 742.10 Td (million ) Tj ET Q q 0 0 0 rg BT 143.89 742.10 Td (related ) Tj ET Q q 0 0 0 rg BT 173.59 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 183.87 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.59 742.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 233.84 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 244.12 742.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 279.40 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 289.68 742.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 308.02 742.10 Td () Tj ET Q q 0 0 0 rg BT 310.80 742.10 Td (s ) Tj ET Q q 0 0 0 rg BT 317.19 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 337.46 742.10 Td (management ) Tj ET Q q 0 0 0 rg BT 391.05 742.10 Td (pools;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 718.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 90.00 718.10 Td (41 ) Tj ET Q q 0 0 0 rg BT 107.96 718.10 Td (million ) Tj ET Q q 0 0 0 rg BT 139.81 718.10 Td (related ) Tj ET Q q 0 0 0 rg BT 169.97 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 180.71 718.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 222.55 718.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 242.73 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.47 718.10 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 318.64 718.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 351.03 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 361.77 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 378.06 718.10 Td (Chinese ) Tj ET Q q 0 0 0 rg BT 413.23 718.10 Td (distributor) Tj ET Q q 0 0 0 rg BT 454.50 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 459.96 718.10 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 490.12 718.10 Td (International ) Tj ET Q q 0 0 0 rg BT 544.17 718.10 Td (Cars ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 95.76 706.10 Td (rading ) Tj ET Q q 0 0 0 rg BT 123.80 706.10 Td (\(Shanghai\) ) Tj ET Q q 0 0 0 rg BT 170.18 706.10 Td (Co. ) Tj ET Q q 0 0 0 rg BT 186.85 706.10 Td (Ltd; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 682.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 90.00 682.10 Td (31 ) Tj ET Q q 0 0 0 rg BT 107.50 682.10 Td (million ) Tj ET Q q 0 0 0 rg BT 138.89 682.10 Td (related ) Tj ET Q q 0 0 0 rg BT 168.59 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.87 682.10 Td (net ) Tj ET Q q 0 0 0 rg BT 193.59 682.10 Td (change ) Tj ET Q q 0 0 0 rg BT 224.40 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 234.68 682.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 272.16 682.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 311.88 682.10 Td (with ) Tj ET Q q 0 0 0 rg BT 332.16 682.10 Td (FCA;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 658.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 90.00 658.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 102.50 658.10 Td (million ) Tj ET Q q 0 0 0 rg BT 133.89 658.10 Td (related ) Tj ET Q q 0 0 0 rg BT 163.59 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 173.87 658.10 Td (net ) Tj ET Q q 0 0 0 rg BT 188.59 658.10 Td (change ) Tj ET Q q 0 0 0 rg BT 219.40 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 229.68 658.10 Td (other ) Tj ET Q q 0 0 0 rg BT 252.73 658.10 Td (debt; ) Tj ET Q q 0 0 0 rg BT 275.22 658.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 634.10 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 90.00 634.10 Td (8 ) Tj ET Q q 0 0 0 rg BT 102.50 634.10 Td (million ) Tj ET Q q 0 0 0 rg BT 133.89 634.10 Td (related ) Tj ET Q q 0 0 0 rg BT 163.59 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 173.87 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.59 634.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 234.97 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 245.80 634.10 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 310.51 634.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 342.45 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.28 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.99 634.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 411.60 634.10 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 441.31 634.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 481.02 634.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 517.40 634.10 Td (S.p.A.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 610.10 Td (Partially ) Tj ET Q q 0 0 0 rg BT 108.38 610.10 Td (of) Tj ET Q q 0 0 0 rg BT 116.53 610.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 133.47 610.10 Td (by:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 586.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 90.00 586.10 Td (65 ) Tj ET Q q 0 0 0 rg BT 106.60 586.10 Td (million ) Tj ET Q q 0 0 0 rg BT 137.09 586.10 Td (related ) Tj ET Q q 0 0 0 rg BT 165.89 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.27 586.10 Td (net ) Tj ET Q q 0 0 0 rg BT 189.08 586.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 226.22 586.10 Td (from ) Tj ET Q q 0 0 0 rg BT 247.26 586.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 268.30 586.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 315.45 586.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 354.26 586.10 Td (related ) Tj ET Q q 0 0 0 rg BT 383.06 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.44 586.10 Td (an ) Tj ET Q q 0 0 0 rg BT 403.47 586.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 437.83 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 447.20 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.02 586.10 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 489.83 586.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 528.64 586.10 Td (Services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 574.10 Td (Inc ) Tj ET Q q 0 0 0 rg BT 105.18 574.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 135.92 574.10 Td (with ) Tj ET Q q 0 0 0 rg BT 156.11 574.10 Td (Sumitomo ) Tj ET Q q 0 0 0 rg BT 200.20 574.10 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 226.22 574.10 Td (which ) Tj ET Q q 0 0 0 rg BT 253.08 574.10 Td (was ) Tj ET Q q 0 0 0 rg BT 271.04 574.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 292.34 574.10 Td (drawn ) Tj ET Q q 0 0 0 rg BT 319.75 574.10 Td (down ) Tj ET Q q 0 0 0 rg BT 344.38 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.58 574.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 386.42 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.05 574.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 438.44 574.10 Td (services ) Tj ET Q q 0 0 0 rg BT 473.06 574.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 510.47 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 520.67 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.30 574.10 Td (United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 562.10 Td (States ) Tj ET Q q 0 0 0 rg BT 116.39 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.67 562.10 Td (America.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 538.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 538.10 Td (Financing ) Tj ET Q q 0 0 0 rg BT 133.42 538.10 Td (Activities ) Tj ET Q q 0 0 0 rg BT 173.13 538.10 Td (- ) Tj ET Q q 0 0 0 rg BT 178.96 538.10 Td (Nine ) Tj ET Q q 0 0 0 rg BT 200.35 538.10 Td (months ) Tj ET Q q 0 0 0 rg BT 231.74 538.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 258.12 538.10 Td (September ) Tj ET Q q 0 0 0 rg BT 302.82 538.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 317.82 538.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 514.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 514.10 Td (For ) Tj ET Q q 0 0 0 rg BT 107.04 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.42 514.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 142.79 514.10 Td (months ) Tj ET Q q 0 0 0 rg BT 175.39 514.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 202.42 514.10 Td (September ) Tj ET Q q 0 0 0 rg BT 248.33 514.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 263.99 514.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 289.64 514.10 Td (net ) Tj ET Q q 0 0 0 rg BT 305.01 514.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 325.93 514.10 Td (used ) Tj ET Q q 0 0 0 rg BT 347.42 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.35 514.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 399.26 514.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 438.52 514.10 Td (was ) Tj ET Q q 0 0 0 rg BT 457.22 514.10 Td (85 ) Tj ET Q q 0 0 0 rg BT 475.38 514.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 509.92 514.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 550.29 514.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 502.10 Td (result ) Tj ET Q q 0 0 0 rg BT 78.72 502.10 Td (of:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 478.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 90.00 478.10 Td (198 ) Tj ET Q q 0 0 0 rg BT 112.50 478.10 Td (million ) Tj ET Q q 0 0 0 rg BT 143.89 478.10 Td (related ) Tj ET Q q 0 0 0 rg BT 173.59 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 183.87 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.59 478.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 233.84 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 244.12 478.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 279.40 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 289.68 478.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 308.02 478.10 Td () Tj ET Q q 0 0 0 rg BT 310.80 478.10 Td (s ) Tj ET Q q 0 0 0 rg BT 317.19 478.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 337.46 478.10 Td (management ) Tj ET Q q 0 0 0 rg BT 391.05 478.10 Td (pools; ) Tj ET Q q 0 0 0 rg BT 418.00 478.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 454.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 90.00 454.10 Td (18 ) Tj ET Q q 0 0 0 rg BT 107.50 454.10 Td (million ) Tj ET Q q 0 0 0 rg BT 138.89 454.10 Td (related ) Tj ET Q q 0 0 0 rg BT 168.59 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.87 454.10 Td (net ) Tj ET Q q 0 0 0 rg BT 193.59 454.10 Td (change ) Tj ET Q q 0 0 0 rg BT 224.40 454.10 Td (in ) Tj ET Q q 0 0 0 rg BT 234.68 454.10 Td (other ) Tj ET Q q 0 0 0 rg BT 257.73 454.10 Td (debt.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 430.10 Td (Partially ) Tj ET Q q 0 0 0 rg BT 108.38 430.10 Td (of) Tj ET Q q 0 0 0 rg BT 116.53 430.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 133.47 430.10 Td (by:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 406.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 90.00 406.10 Td (66 ) Tj ET Q q 0 0 0 rg BT 107.50 406.10 Td (million ) Tj ET Q q 0 0 0 rg BT 138.89 406.10 Td (related ) Tj ET Q q 0 0 0 rg BT 168.59 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.87 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.59 406.10 Td (net ) Tj ET Q q 0 0 0 rg BT 208.31 406.10 Td (change ) Tj ET Q q 0 0 0 rg BT 239.12 406.10 Td (in ) Tj ET Q q 0 0 0 rg BT 249.40 406.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 286.88 406.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 326.60 406.10 Td (with ) Tj ET Q q 0 0 0 rg BT 346.88 406.10 Td (FCA; ) Tj ET Q q 0 0 0 rg BT 371.61 406.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 382.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 90.00 382.10 Td (65 ) Tj ET Q q 0 0 0 rg BT 107.50 382.10 Td (million ) Tj ET Q q 0 0 0 rg BT 138.89 382.10 Td (related ) Tj ET Q q 0 0 0 rg BT 168.59 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.87 382.10 Td (net ) Tj ET Q q 0 0 0 rg BT 193.59 382.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 231.63 382.10 Td (from ) Tj ET Q q 0 0 0 rg BT 253.56 382.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 275.50 382.10 Td (borrowings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 358.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 90.00 358.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 122.50 358.10 Td (Expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 334.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 120.82 334.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 173.86 334.10 Td (are ) Tj ET Q q 0 0 0 rg BT 188.01 334.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 219.93 334.10 Td (as ) Tj ET Q q 0 0 0 rg BT 230.20 334.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 249.91 334.10 Td (outflows ) Tj ET Q q 0 0 0 rg BT 286.85 334.10 Td (that ) Tj ET Q q 0 0 0 rg BT 303.79 334.10 Td (result ) Tj ET Q q 0 0 0 rg BT 327.95 334.10 Td (in ) Tj ET Q q 0 0 0 rg BT 337.67 334.10 Td (additions ) Tj ET Q q 0 0 0 rg BT 376.27 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 385.99 334.10 Td (property) Tj ET Q q 0 0 0 rg BT 419.22 334.10 Td (, ) Tj ET Q q 0 0 0 rg BT 423.66 334.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 445.60 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.98 334.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 506.13 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.51 334.10 Td (intangible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 322.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 82.33 322.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 113.71 322.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 167.31 322.10 Td (were ) Tj ET Q q 0 0 0 rg BT 189.23 322.10 Td (234 ) Tj ET Q q 0 0 0 rg BT 211.73 322.10 Td (million ) Tj ET Q q 0 0 0 rg BT 243.13 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.06 322.10 Td (207 ) Tj ET Q q 0 0 0 rg BT 282.56 322.10 Td (million ) Tj ET Q q 0 0 0 rg BT 313.96 322.10 Td (for ) Tj ET Q q 0 0 0 rg BT 328.12 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.83 322.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 362.55 322.10 Td (months ) Tj ET Q q 0 0 0 rg BT 394.50 322.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 420.88 322.10 Td (September ) Tj ET Q q 0 0 0 rg BT 466.14 322.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 481.14 322.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 503.64 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 520.58 322.10 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 298.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.67 298.10 Td (following ) Tj ET Q q 0 0 0 rg BT 150.68 298.10 Td (table ) Tj ET Q q 0 0 0 rg BT 173.23 298.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 191.36 298.10 Td (a ) Tj ET Q q 0 0 0 rg BT 198.92 298.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 221.48 298.10 Td (a ) Tj ET Q q 0 0 0 rg BT 229.04 298.10 Td (breakdown ) Tj ET Q q 0 0 0 rg BT 276.59 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.04 298.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 317.82 298.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 372.03 298.10 Td (by ) Tj ET Q q 0 0 0 rg BT 385.16 298.10 Td (category ) Tj ET Q q 0 0 0 rg BT 422.70 298.10 Td (for ) Tj ET Q q 0 0 0 rg BT 437.49 298.10 Td (each ) Tj ET Q q 0 0 0 rg BT 458.92 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 470.38 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.72 298.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 506.05 298.10 Td (months ) Tj ET Q q 0 0 0 rg BT 538.63 298.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 286.10 Td (September ) Tj ET Q q 0 0 0 rg BT 99.26 286.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 114.26 286.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 136.76 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.70 286.10 Td (2014.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 213.60 358.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 213.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 213.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 213.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 213.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 185.60 358.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 185.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 185.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 185.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 185.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 157.60 358.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 157.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 157.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 157.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 157.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 129.60 358.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 129.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 129.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 129.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 129.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 101.60 358.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 101.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 101.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 101.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 101.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 73.60 358.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 73.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 73.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 73.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 73.60 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 240.60000000000002 m 486.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 240.60000000000002 m 490.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 240.60000000000002 m 560.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 226.60000000000002 m 486.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 226.60000000000002 m 560.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 157.60000000000002 m 486.5 157.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 143.60000000000002 m 486.5 143.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 157.60000000000002 m 560.5 157.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 143.60000000000002 m 560.5 143.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 73.60000000000002 m 486.5 73.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 73.60000000000002 m 560.5 73.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 59.60000000000002 m 486.5 59.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 46.60000000000002 m 486.5 46.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 44.60000000000002 m 486.5 44.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 59.60000000000002 m 560.5 59.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 46.60000000000002 m 560.5 46.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 44.60000000000002 m 560.5 44.60000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 436.55 254.05 Td (For the nine months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.55 245.05 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.00 231.05 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.00 231.05 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.75 217.85 Td (\( million\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 204.05 Td (Intangible assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 190.06 Td (Externally acquired and internally generated development costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 190.06 Td (108) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.50 190.06 Td (101) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 176.06 Td (Patents, concessions and licenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.50 176.06 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.50 176.06 Td (7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 162.06 Td (Other intangible assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.50 162.06 Td (3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.50 162.06 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 148.05 Td (Total intangible assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.50 148.05 Td (115) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.50 148.05 Td (111) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 134.05 Td (Property, plant and equipment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 120.06 Td (Industrial buildings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 120.06 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.50 120.06 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 106.06 Td (Plant, machinery and equipment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 106.06 Td (66) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.00 106.06 Td (52) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 92.06 Td (Other assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.50 92.06 Td (9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.50 92.06 Td (7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 78.06 Td (Advances and assets under construction) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 78.06 Td (31) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.00 78.06 Td (36) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 64.05 Td (Total property, plant and equipment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.50 64.05 Td (119) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.00 64.05 Td (96) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 50.05 Td (Total capital expenditures) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.50 50.05 Td (234) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.50 50.05 Td (207) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 30.20 Td (23) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 742.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 97.60 742.10 Td (assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 718.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 107.02 718.10 Td (total ) Tj ET Q q 0 0 0 rg BT 126.27 718.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 154.39 718.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 206.96 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 216.21 718.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 257.67 718.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 282.47 718.10 Td (was ) Tj ET Q q 0 0 0 rg BT 299.50 718.10 Td (1) Tj ET Q q 0 0 0 rg BT 309.13 718.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 320.60 718.10 Td (million ) Tj ET Q q 0 0 0 rg BT 350.96 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.87 718.10 Td (1) Tj ET Q q 0 0 0 rg BT 376.50 718.10 Td (1) Tj ET Q q 0 0 0 rg BT 381.13 718.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 387.60 718.10 Td (million ) Tj ET Q q 0 0 0 rg BT 417.97 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 431.10 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.79 718.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 463.48 718.10 Td (months ) Tj ET Q q 0 0 0 rg BT 494.40 718.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 519.75 718.10 Td (September ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 706.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 68.73 706.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 90.96 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.63 706.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 132.36 706.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 180.03 706.10 Td (, ) Tj ET Q q 0 0 0 rg BT 184.76 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.21 706.10 Td (most ) Tj ET Q q 0 0 0 rg BT 220.88 706.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 265.33 706.10 Td (component ) Tj ET Q q 0 0 0 rg BT 311.99 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.55 706.10 Td (which ) Tj ET Q q 0 0 0 rg BT 349.22 706.10 Td (relates ) Tj ET Q q 0 0 0 rg BT 377.55 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 387.56 706.10 Td (externally ) Tj ET Q q 0 0 0 rg BT 429.77 706.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 466.43 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.10 706.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 523.65 706.10 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 694.10 Td (development ) Tj ET Q q 0 0 0 rg BT 107.38 694.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 131.62 694.10 Td (In ) Tj ET Q q 0 0 0 rg BT 141.68 694.10 Td (particular) Tj ET Q q 0 0 0 rg BT 179.59 694.10 Td (, ) Tj ET Q q 0 0 0 rg BT 183.82 694.10 Td (we ) Tj ET Q q 0 0 0 rg BT 197.21 694.10 Td (make ) Tj ET Q q 0 0 0 rg BT 220.60 694.10 Td (such ) Tj ET Q q 0 0 0 rg BT 240.66 694.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 290.17 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.68 694.10 Td (support ) Tj ET Q q 0 0 0 rg BT 331.41 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.36 694.10 Td (development ) Tj ET Q q 0 0 0 rg BT 398.74 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.81 694.10 Td (our ) Tj ET Q q 0 0 0 rg BT 423.87 694.10 Td (current ) Tj ET Q q 0 0 0 rg BT 453.92 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.09 694.10 Td (future ) Tj ET Q q 0 0 0 rg BT 495.70 694.10 Td (product ) Tj ET Q q 0 0 0 rg BT 527.98 694.10 Td (of) Tj ET Q q 0 0 0 rg BT 536.13 694.10 Td (fering. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 682.10 Td (The ) Tj ET Q q 0 0 0 rg BT 72.00 682.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 117.75 682.10 Td (development ) Tj ET Q q 0 0 0 rg BT 171.85 682.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 194.30 682.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 233.96 682.10 Td (include ) Tj ET Q q 0 0 0 rg BT 265.84 682.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 304.94 682.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 327.39 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.28 682.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 385.60 682.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 424.15 682.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 457.14 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.37 682.10 Td (engineering, ) Tj ET Q q 0 0 0 rg BT 519.52 682.10 Td (design ) Tj ET Q q 0 0 0 rg BT 548.07 682.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 670.10 Td (development ) Tj ET Q q 0 0 0 rg BT 107.96 670.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 141.38 670.10 Td (on ) Tj ET Q q 0 0 0 rg BT 153.69 670.10 Td (content ) Tj ET Q q 0 0 0 rg BT 185.44 670.10 Td (enhancement ) Tj ET Q q 0 0 0 rg BT 240.50 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 251.15 670.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 285.13 670.10 Td (cars ) Tj ET Q q 0 0 0 rg BT 303.54 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.29 670.10 Td (new ) Tj ET Q q 0 0 0 rg BT 339.27 670.10 Td (models. ) Tj ET Q q 0 0 0 rg BT 372.80 670.10 Td (W) Tj ET Q q 0 0 0 rg BT 381.44 670.10 Td (e ) Tj ET Q q 0 0 0 rg BT 388.19 670.10 Td (constantly ) Tj ET Q q 0 0 0 rg BT 431.61 670.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 457.81 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 467.90 670.10 Td (product ) Tj ET Q q 0 0 0 rg BT 500.77 670.10 Td (development ) Tj ET Q q 0 0 0 rg BT 554.73 670.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 658.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 83.04 658.10 Td (we ) Tj ET Q q 0 0 0 rg BT 97.64 658.10 Td (can ) Tj ET Q q 0 0 0 rg BT 114.45 658.10 Td (quickly ) Tj ET Q q 0 0 0 rg BT 147.39 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 164.77 658.10 Td (ef) Tj ET Q q 0 0 0 rg BT 172.35 658.10 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 208.61 658.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 243.21 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.93 658.10 Td (market ) Tj ET Q q 0 0 0 rg BT 284.63 658.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 319.23 658.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 347.72 658.10 Td (technological ) Tj ET Q q 0 0 0 rg BT 404.52 658.10 Td (breakthroughs ) Tj ET Q q 0 0 0 rg BT 464.67 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.05 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 492.76 658.10 Td (order ) Tj ET Q q 0 0 0 rg BT 516.80 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 527.52 658.10 Td (maintain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 646.10 Td (our ) Tj ET Q q 0 0 0 rg BT 69.83 646.10 Td (position ) Tj ET Q q 0 0 0 rg BT 104.56 646.10 Td (at ) Tj ET Q q 0 0 0 rg BT 114.27 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.99 646.10 Td (top ) Tj ET Q q 0 0 0 rg BT 144.27 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.10 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.82 646.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 222.84 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.78 646.10 Td (luxury ) Tj ET Q q 0 0 0 rg BT 268.38 646.10 Td (sports ) Tj ET Q q 0 0 0 rg BT 294.78 646.10 Td (car ) Tj ET Q q 0 0 0 rg BT 309.48 646.10 Td (market.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 622.10 Td (For ) Tj ET Q q 0 0 0 rg BT 105.68 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.69 622.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 138.69 622.10 Td (months ) Tj ET Q q 0 0 0 rg BT 169.93 622.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 195.59 622.10 Td (September ) Tj ET Q q 0 0 0 rg BT 240.15 622.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 254.43 622.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 278.72 622.10 Td (we ) Tj ET Q q 0 0 0 rg BT 292.17 622.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 327.29 622.10 Td (108 ) Tj ET Q q 0 0 0 rg BT 349.07 622.10 Td (million ) Tj ET Q q 0 0 0 rg BT 379.75 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 389.32 622.10 Td (externally ) Tj ET Q q 0 0 0 rg BT 431.09 622.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 467.30 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.53 622.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 523.64 622.10 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 610.10 Td (development ) Tj ET Q q 0 0 0 rg BT 107.97 610.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 132.79 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.44 610.10 Td (which ) Tj ET Q q 0 0 0 rg BT 170.20 610.10 Td (59 ) Tj ET Q q 0 0 0 rg BT 187.52 610.10 Td (million ) Tj ET Q q 0 0 0 rg BT 218.74 610.10 Td (related ) Tj ET Q q 0 0 0 rg BT 248.26 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.36 610.10 Td (development ) Tj ET Q q 0 0 0 rg BT 312.33 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.98 610.10 Td (models ) Tj ET Q q 0 0 0 rg BT 354.19 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 364.29 610.10 Td (be ) Tj ET Q q 0 0 0 rg BT 376.05 610.10 Td (launched ) Tj ET Q q 0 0 0 rg BT 414.46 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 424.56 610.10 Td (future ) Tj ET Q q 0 0 0 rg BT 450.76 610.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 476.68 610.10 Td (32 ) Tj ET Q q 0 0 0 rg BT 494.00 610.10 Td (million ) Tj ET Q q 0 0 0 rg BT 525.21 610.10 Td (related ) Tj ET Q q 0 0 0 rg BT 554.73 610.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 598.10 Td (development ) Tj ET Q q 0 0 0 rg BT 107.87 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.42 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.85 598.10 Td (488 ) Tj ET Q q 0 0 0 rg BT 150.07 598.10 Td (GTB ) Tj ET Q q 0 0 0 rg BT 172.29 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.95 598.10 Td (488 ) Tj ET Q q 0 0 0 rg BT 206.17 598.10 Td (Spider) Tj ET Q q 0 0 0 rg BT 231.88 598.10 Td (, ) Tj ET Q q 0 0 0 rg BT 236.60 598.10 Td (new ) Tj ET Q q 0 0 0 rg BT 255.48 598.10 Td (models ) Tj ET Q q 0 0 0 rg BT 286.58 598.10 Td (which ) Tj ET Q q 0 0 0 rg BT 313.24 598.10 Td (were ) Tj ET Q q 0 0 0 rg BT 334.89 598.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 375.42 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 385.42 598.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 410.14 598.10 Td (1) Tj ET Q q 0 0 0 rg BT 419.77 598.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 426.99 598.10 Td (million ) Tj ET Q q 0 0 0 rg BT 458.10 598.10 Td (related ) Tj ET Q q 0 0 0 rg BT 487.52 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 497.52 598.10 Td (components ) Tj ET Q q 0 0 0 rg BT 548.06 598.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 586.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 66.50 586.10 Td (million ) Tj ET Q q 0 0 0 rg BT 97.89 586.10 Td (related ) Tj ET Q q 0 0 0 rg BT 127.59 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.87 586.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 188.15 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.42 586.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 232.58 586.10 Td (other ) Tj ET Q q 0 0 0 rg BT 255.63 586.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 289.79 586.10 Td (models ) Tj ET Q q 0 0 0 rg BT 321.18 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 331.46 586.10 Td (our ) Tj ET Q q 0 0 0 rg BT 347.29 586.10 Td (product ) Tj ET Q q 0 0 0 rg BT 380.33 586.10 Td (line.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 562.10 Td (For ) Tj ET Q q 0 0 0 rg BT 105.68 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.69 562.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 138.69 562.10 Td (months ) Tj ET Q q 0 0 0 rg BT 169.93 562.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 195.59 562.10 Td (September ) Tj ET Q q 0 0 0 rg BT 240.15 562.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 254.43 562.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 278.72 562.10 Td (we ) Tj ET Q q 0 0 0 rg BT 292.17 562.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 327.29 562.10 Td (101 ) Tj ET Q q 0 0 0 rg BT 349.07 562.10 Td (million ) Tj ET Q q 0 0 0 rg BT 379.75 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 389.32 562.10 Td (externally ) Tj ET Q q 0 0 0 rg BT 431.09 562.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 467.30 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.53 562.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 523.64 562.10 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 550.10 Td (development ) Tj ET Q q 0 0 0 rg BT 108.91 550.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 134.67 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.26 550.10 Td (which ) Tj ET Q q 0 0 0 rg BT 173.96 550.10 Td (48 ) Tj ET Q q 0 0 0 rg BT 192.22 550.10 Td (million ) Tj ET Q q 0 0 0 rg BT 224.38 550.10 Td (related ) Tj ET Q q 0 0 0 rg BT 254.84 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.88 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.35 550.10 Td (development ) Tj ET Q q 0 0 0 rg BT 336.27 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.86 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.33 550.10 Td (488 ) Tj ET Q q 0 0 0 rg BT 381.59 550.10 Td (GTB, ) Tj ET Q q 0 0 0 rg BT 407.36 550.10 Td (24 ) Tj ET Q q 0 0 0 rg BT 425.62 550.10 Td (million ) Tj ET Q q 0 0 0 rg BT 457.77 550.10 Td (related ) Tj ET Q q 0 0 0 rg BT 488.23 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 499.27 550.10 Td (development ) Tj ET Q q 0 0 0 rg BT 554.18 550.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 538.10 Td (models ) Tj ET Q q 0 0 0 rg BT 85.07 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.02 538.10 Td (be ) Tj ET Q q 0 0 0 rg BT 106.64 538.10 Td (launched ) Tj ET Q q 0 0 0 rg BT 144.91 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 154.87 538.10 Td (future ) Tj ET Q q 0 0 0 rg BT 180.93 538.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 206.71 538.10 Td (1) Tj ET Q q 0 0 0 rg BT 216.33 538.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 223.51 538.10 Td (million ) Tj ET Q q 0 0 0 rg BT 254.58 538.10 Td (related ) Tj ET Q q 0 0 0 rg BT 283.97 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.92 538.10 Td (development ) Tj ET Q q 0 0 0 rg BT 347.75 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.26 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.66 538.10 Td (California ) Tj ET Q q 0 0 0 rg BT 415.22 538.10 Td (T) Tj ET Q q 0 0 0 rg BT 420.59 538.10 Td (, ) Tj ET Q q 0 0 0 rg BT 425.27 538.10 Td (7 ) Tj ET Q q 0 0 0 rg BT 437.45 538.10 Td (million ) Tj ET Q q 0 0 0 rg BT 468.52 538.10 Td (related ) Tj ET Q q 0 0 0 rg BT 497.90 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 507.86 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.25 538.10 Td (LaFerrari, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 526.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 66.50 526.10 Td (million ) Tj ET Q q 0 0 0 rg BT 97.89 526.10 Td (related ) Tj ET Q q 0 0 0 rg BT 127.59 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.87 526.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 188.15 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.42 526.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 232.58 526.10 Td (other ) Tj ET Q q 0 0 0 rg BT 255.63 526.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 289.79 526.10 Td (models ) Tj ET Q q 0 0 0 rg BT 321.18 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 331.46 526.10 Td (our ) Tj ET Q q 0 0 0 rg BT 347.29 526.10 Td (product ) Tj ET Q q 0 0 0 rg BT 380.33 526.10 Td (line ) Tj ET Q q 0 0 0 rg BT 397.83 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 414.77 526.10 Td (5 ) Tj ET Q q 0 0 0 rg BT 427.27 526.10 Td (million ) Tj ET Q q 0 0 0 rg BT 458.66 526.10 Td (related ) Tj ET Q q 0 0 0 rg BT 488.36 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 498.64 526.10 Td (components. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 502.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 138.13 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 149.60 502.10 Td (other ) Tj ET Q q 0 0 0 rg BT 173.84 502.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 217.53 502.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 244.56 502.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 276.02 502.10 Td (relates ) Tj ET Q q 0 0 0 rg BT 305.81 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 317.29 502.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 340.98 502.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 388.54 502.10 Td (for ) Tj ET Q q 0 0 0 rg BT 403.90 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.81 502.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 469.04 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.07 502.10 Td (trademarks, ) Tj ET Q q 0 0 0 rg BT 531.69 502.10 Td (patents, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 490.10 Td (concessions ) Tj ET Q q 0 0 0 rg BT 104.27 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.21 490.10 Td (licenses.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 466.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 63.63 466.10 Td (operty) Tj ET Q q 0 0 0 rg BT 88.62 466.10 Td (, ) Tj ET Q q 0 0 0 rg BT 93.62 466.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 116.68 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.18 466.10 Td (equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 442.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 108.45 442.10 Td (total ) Tj ET Q q 0 0 0 rg BT 129.13 442.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 158.68 442.10 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 208.79 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 219.47 442.10 Td (property) Tj ET Q q 0 0 0 rg BT 252.69 442.10 Td (, ) Tj ET Q q 0 0 0 rg BT 258.09 442.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 280.99 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.33 442.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 343.45 442.10 Td (was ) Tj ET Q q 0 0 0 rg BT 361.90 442.10 Td (1) Tj ET Q q 0 0 0 rg BT 371.53 442.10 Td (19 ) Tj ET Q q 0 0 0 rg BT 384.43 442.10 Td (million ) Tj ET Q q 0 0 0 rg BT 416.22 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 433.56 442.10 Td (96 ) Tj ET Q q 0 0 0 rg BT 451.47 442.10 Td (million ) Tj ET Q q 0 0 0 rg BT 483.26 442.10 Td (for ) Tj ET Q q 0 0 0 rg BT 497.82 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.94 442.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 533.06 442.10 Td (months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 430.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 80.38 430.10 Td (September ) Tj ET Q q 0 0 0 rg BT 125.64 430.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 140.64 430.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 163.14 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.08 430.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 205.08 430.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 252.74 430.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 406.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 108.28 406.10 Td (most ) Tj ET Q q 0 0 0 rg BT 130.46 406.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 175.40 406.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 225.90 406.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 265.83 406.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 290.77 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.27 406.10 Td (plant, ) Tj ET Q q 0 0 0 rg BT 326.50 406.10 Td (machinery ) Tj ET Q q 0 0 0 rg BT 371.43 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.60 406.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 436.04 406.10 Td (which ) Tj ET Q q 0 0 0 rg BT 463.21 406.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 505.37 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.88 406.10 Td (66 ) Tj ET Q q 0 0 0 rg BT 533.61 406.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 394.10 Td (for ) Tj ET Q q 0 0 0 rg BT 67.69 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.94 394.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 101.19 394.10 Td (months ) Tj ET Q q 0 0 0 rg BT 132.68 394.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 158.59 394.10 Td (September ) Tj ET Q q 0 0 0 rg BT 203.38 394.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 217.92 394.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 239.95 394.10 Td (\(52 ) Tj ET Q q 0 0 0 rg BT 260.32 394.10 Td (million ) Tj ET Q q 0 0 0 rg BT 291.24 394.10 Td (for ) Tj ET Q q 0 0 0 rg BT 304.94 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.19 394.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 338.44 394.10 Td (months ) Tj ET Q q 0 0 0 rg BT 369.92 394.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 395.83 394.10 Td (September ) Tj ET Q q 0 0 0 rg BT 440.63 394.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 455.16 394.10 Td (2014\) ) Tj ET Q q 0 0 0 rg BT 480.52 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 497.00 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.81 394.10 Td (a ) Tj ET Q q 0 0 0 rg BT 513.28 394.10 Td (lesser ) Tj ET Q q 0 0 0 rg BT 538.08 394.10 Td (extent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 382.10 Td (advances ) Tj ET Q q 0 0 0 rg BT 93.75 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.29 382.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 137.72 382.10 Td (under ) Tj ET Q q 0 0 0 rg BT 163.59 382.10 Td (construction, ) Tj ET Q q 0 0 0 rg BT 218.63 382.10 Td (which ) Tj ET Q q 0 0 0 rg BT 246.17 382.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 288.70 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.58 382.10 Td (31 ) Tj ET Q q 0 0 0 rg BT 317.69 382.10 Td (million ) Tj ET Q q 0 0 0 rg BT 349.68 382.10 Td (for ) Tj ET Q q 0 0 0 rg BT 364.44 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.76 382.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 400.08 382.10 Td (months ) Tj ET Q q 0 0 0 rg BT 432.63 382.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 459.61 382.10 Td (September ) Tj ET Q q 0 0 0 rg BT 505.47 382.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 521.08 382.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 544.18 382.10 Td (\(36 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 370.10 Td (million ) Tj ET Q q 0 0 0 rg BT 85.20 370.10 Td (for ) Tj ET Q q 0 0 0 rg BT 99.17 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.70 370.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 133.23 370.10 Td (months ) Tj ET Q q 0 0 0 rg BT 164.99 370.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 191.18 370.10 Td (September ) Tj ET Q q 0 0 0 rg BT 236.25 370.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 251.06 370.10 Td (2014\). ) Tj ET Q q 0 0 0 rg BT 279.20 370.10 Td (In ) Tj ET Q q 0 0 0 rg BT 289.84 370.10 Td (particular) Tj ET Q q 0 0 0 rg BT 327.75 370.10 Td (, ) Tj ET Q q 0 0 0 rg BT 332.57 370.10 Td (our ) Tj ET Q q 0 0 0 rg BT 348.21 370.10 Td (most ) Tj ET Q q 0 0 0 rg BT 369.97 370.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 414.49 370.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 464.57 370.10 Td (include ) Tj ET Q q 0 0 0 rg BT 496.32 370.10 Td (engine ) Tj ET Q q 0 0 0 rg BT 525.28 370.10 Td (assembly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 358.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 75.27 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.10 358.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 114.48 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.31 358.10 Td (machinery ) Tj ET Q q 0 0 0 rg BT 175.89 358.10 Td (used ) Tj ET Q q 0 0 0 rg BT 196.61 358.10 Td (for ) Tj ET Q q 0 0 0 rg BT 210.66 358.10 Td (engine ) Tj ET Q q 0 0 0 rg BT 239.70 358.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 268.75 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.92 358.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 307.40 358.10 Td (engines ) Tj ET Q q 0 0 0 rg BT 340.34 358.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 370.49 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.09 358.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 423.01 358.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 475.92 358.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 497.74 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 507.91 358.10 Td (installation ) Tj ET Q q 0 0 0 rg BT 554.73 358.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.72 346.10 Td (car) Tj ET Q q 0 0 0 rg BT 80.52 346.10 Td (, ) Tj ET Q q 0 0 0 rg BT 85.52 346.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 119.66 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.94 346.10 Td (as ) Tj ET Q q 0 0 0 rg BT 140.77 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.48 346.10 Td (test ) Tj ET Q q 0 0 0 rg BT 171.87 346.10 Td (bench.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 322.10 Td (For ) Tj ET Q q 0 0 0 rg BT 106.41 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.15 322.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 140.89 322.10 Td (months ) Tj ET Q q 0 0 0 rg BT 172.86 322.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 199.26 322.10 Td (September ) Tj ET Q q 0 0 0 rg BT 244.54 322.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 259.56 322.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 284.58 322.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 334.88 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 345.18 322.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 367.69 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.65 322.10 Td (machinery ) Tj ET Q q 0 0 0 rg BT 429.37 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.23 322.10 Td (66 ) Tj ET Q q 0 0 0 rg BT 457.75 322.10 Td (million ) Tj ET Q q 0 0 0 rg BT 489.16 322.10 Td (were ) Tj ET Q q 0 0 0 rg BT 511.11 322.10 Td (composed ) Tj ET Q q 0 0 0 rg BT 554.18 322.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 310.10 Td (25 ) Tj ET Q q 0 0 0 rg BT 71.70 310.10 Td (million ) Tj ET Q q 0 0 0 rg BT 103.30 310.10 Td (related ) Tj ET Q q 0 0 0 rg BT 133.20 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.68 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.60 310.10 Td (488 ) Tj ET Q q 0 0 0 rg BT 176.30 310.10 Td (GTB, ) Tj ET Q q 0 0 0 rg BT 201.51 310.10 Td (7 ) Tj ET Q q 0 0 0 rg BT 214.21 310.10 Td (million ) Tj ET Q q 0 0 0 rg BT 245.80 310.10 Td (related ) Tj ET Q q 0 0 0 rg BT 275.71 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 286.19 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.11 310.10 Td (F12tdf, ) Tj ET Q q 0 0 0 rg BT 332.98 310.10 Td (a ) Tj ET Q q 0 0 0 rg BT 340.12 310.10 Td (new ) Tj ET Q q 0 0 0 rg BT 359.49 310.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 390.52 310.10 Td (edition ) Tj ET Q q 0 0 0 rg BT 420.99 310.10 Td (car ) Tj ET Q q 0 0 0 rg BT 435.90 310.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 481.92 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 492.40 310.10 Td (October ) Tj ET Q q 0 0 0 rg BT 527.31 310.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 552.52 310.10 Td (6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 298.10 Td (million ) Tj ET Q q 0 0 0 rg BT 85.31 298.10 Td (related ) Tj ET Q q 0 0 0 rg BT 114.93 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 125.13 298.10 Td (engine ) Tj ET Q q 0 0 0 rg BT 154.20 298.10 Td (assembly ) Tj ET Q q 0 0 0 rg BT 193.84 298.10 Td (lines, ) Tj ET Q q 0 0 0 rg BT 217.64 298.10 Td (4 ) Tj ET Q q 0 0 0 rg BT 230.06 298.10 Td (million ) Tj ET Q q 0 0 0 rg BT 261.37 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.12 298.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 294.53 298.10 Td (related ) Tj ET Q q 0 0 0 rg BT 324.15 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.35 298.10 Td (our ) Tj ET Q q 0 0 0 rg BT 350.10 298.10 Td (personalization ) Tj ET Q q 0 0 0 rg BT 413.61 298.10 Td (program ) Tj ET Q q 0 0 0 rg BT 449.90 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.76 298.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 479.18 298.10 Td (million ) Tj ET Q q 0 0 0 rg BT 510.49 298.10 Td (related ) Tj ET Q q 0 0 0 rg BT 540.11 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.30 298.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 286.10 Td (California ) Tj ET Q q 0 0 0 rg BT 96.92 286.10 Td (T) Tj ET Q q 0 0 0 rg BT 102.28 286.10 Td (. ) Tj ET Q q 0 0 0 rg BT 107.16 286.10 Td (The ) Tj ET Q q 0 0 0 rg BT 125.27 286.10 Td (residual ) Tj ET Q q 0 0 0 rg BT 159.48 286.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 192.04 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.93 286.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 232.14 286.10 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 281.91 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 292.25 286.10 Td (plant, ) Tj ET Q q 0 0 0 rg BT 317.30 286.10 Td (machinery ) Tj ET Q q 0 0 0 rg BT 362.06 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.06 286.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 423.84 286.10 Td (was ) Tj ET Q q 0 0 0 rg BT 441.95 286.10 Td (lar) Tj ET Q q 0 0 0 rg BT 452.32 286.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 472.09 286.10 Td (related ) Tj ET Q q 0 0 0 rg BT 501.86 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 512.20 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.97 286.10 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 64.83 274.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 105.10 274.10 Td (tools ) Tj ET Q q 0 0 0 rg BT 127.05 274.10 Td (needed ) Tj ET Q q 0 0 0 rg BT 157.87 274.10 Td (for ) Tj ET Q q 0 0 0 rg BT 172.03 274.10 Td (production ) Tj ET Q q 0 0 0 rg BT 217.85 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.68 274.10 Td (cars.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 250.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 250.10 Td (For ) Tj ET Q q 0 0 0 rg BT 106.41 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.15 250.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 140.89 250.10 Td (months ) Tj ET Q q 0 0 0 rg BT 172.86 250.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 199.26 250.10 Td (September ) Tj ET Q q 0 0 0 rg BT 244.54 250.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 259.56 250.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 284.58 250.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 334.88 250.10 Td (in ) Tj ET Q q 0 0 0 rg BT 345.18 250.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 367.69 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.65 250.10 Td (machinery ) Tj ET Q q 0 0 0 rg BT 429.37 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.23 250.10 Td (52 ) Tj ET Q q 0 0 0 rg BT 457.75 250.10 Td (million ) Tj ET Q q 0 0 0 rg BT 489.16 250.10 Td (were ) Tj ET Q q 0 0 0 rg BT 511.11 250.10 Td (composed ) Tj ET Q q 0 0 0 rg BT 554.18 250.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 238.10 Td (10 ) Tj ET Q q 0 0 0 rg BT 71.94 238.10 Td (million ) Tj ET Q q 0 0 0 rg BT 103.78 238.10 Td (related ) Tj ET Q q 0 0 0 rg BT 133.92 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 144.65 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.81 238.10 Td (California ) Tj ET Q q 0 0 0 rg BT 203.08 238.10 Td (T) Tj ET Q q 0 0 0 rg BT 208.44 238.10 Td (, ) Tj ET Q q 0 0 0 rg BT 213.89 238.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 226.83 238.10 Td (million ) Tj ET Q q 0 0 0 rg BT 258.67 238.10 Td (related ) Tj ET Q q 0 0 0 rg BT 288.81 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.53 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.69 238.10 Td (LaFerrari, ) Tj ET Q q 0 0 0 rg BT 357.89 238.10 Td (8 ) Tj ET Q q 0 0 0 rg BT 370.83 238.10 Td (million ) Tj ET Q q 0 0 0 rg BT 402.67 238.10 Td (related ) Tj ET Q q 0 0 0 rg BT 432.81 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.54 238.10 Td (engine ) Tj ET Q q 0 0 0 rg BT 473.13 238.10 Td (assembly ) Tj ET Q q 0 0 0 rg BT 513.29 238.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 535.13 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 552.51 238.10 Td (3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 226.10 Td (million ) Tj ET Q q 0 0 0 rg BT 84.80 226.10 Td (related ) Tj ET Q q 0 0 0 rg BT 113.91 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.59 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.71 226.10 Td (488 ) Tj ET Q q 0 0 0 rg BT 154.62 226.10 Td (GTB. ) Tj ET Q q 0 0 0 rg BT 178.89 226.10 Td (The ) Tj ET Q q 0 0 0 rg BT 196.34 226.10 Td (residual ) Tj ET Q q 0 0 0 rg BT 229.90 226.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 261.80 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.04 226.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 300.59 226.10 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 349.70 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 359.38 226.10 Td (plant, ) Tj ET Q q 0 0 0 rg BT 383.78 226.10 Td (machinery ) Tj ET Q q 0 0 0 rg BT 427.89 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 444.24 226.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 488.35 226.10 Td (was ) Tj ET Q q 0 0 0 rg BT 505.81 226.10 Td (lar) Tj ET Q q 0 0 0 rg BT 516.18 226.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 535.30 226.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 64.28 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 79.00 214.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 117.03 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.86 214.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 168.14 214.10 Td (tools ) Tj ET Q q 0 0 0 rg BT 190.08 214.10 Td (needed ) Tj ET Q q 0 0 0 rg BT 220.90 214.10 Td (for ) Tj ET Q q 0 0 0 rg BT 235.06 214.10 Td (production ) Tj ET Q q 0 0 0 rg BT 280.88 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.71 214.10 Td (cars. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 190.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 190.10 Td (Advances ) Tj ET Q q 0 0 0 rg BT 132.25 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.50 190.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 175.65 190.10 Td (under ) Tj ET Q q 0 0 0 rg BT 201.23 190.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 253.48 190.10 Td (for ) Tj ET Q q 0 0 0 rg BT 267.96 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.99 190.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 303.02 190.10 Td (months ) Tj ET Q q 0 0 0 rg BT 335.29 190.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 361.98 190.10 Td (September ) Tj ET Q q 0 0 0 rg BT 407.56 190.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 422.88 190.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 445.70 190.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 487.95 190.10 Td (to ) Tj ET Q q 0 0 0 rg BT 498.54 190.10 Td (31 ) Tj ET Q q 0 0 0 rg BT 516.36 190.10 Td (million ) Tj ET Q q 0 0 0 rg BT 548.06 190.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 178.10 Td (36 ) Tj ET Q q 0 0 0 rg BT 71.50 178.10 Td (million ) Tj ET Q q 0 0 0 rg BT 102.89 178.10 Td (for ) Tj ET Q q 0 0 0 rg BT 117.05 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.77 178.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 151.49 178.10 Td (months ) Tj ET Q q 0 0 0 rg BT 183.43 178.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 209.81 178.10 Td (September ) Tj ET Q q 0 0 0 rg BT 255.07 178.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 270.07 178.10 Td (2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 154.10 Td (In ) Tj ET Q q 0 0 0 rg BT 99.93 154.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 139.84 154.10 Td (for ) Tj ET Q q 0 0 0 rg BT 153.10 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.92 154.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 185.74 154.10 Td (months ) Tj ET Q q 0 0 0 rg BT 216.79 154.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 242.26 154.10 Td (September ) Tj ET Q q 0 0 0 rg BT 286.63 154.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 300.73 154.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 324.83 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 340.87 154.10 Td (for ) Tj ET Q q 0 0 0 rg BT 354.13 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.95 154.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 386.76 154.10 Td (months ) Tj ET Q q 0 0 0 rg BT 417.81 154.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 443.29 154.10 Td (September ) Tj ET Q q 0 0 0 rg BT 487.65 154.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 501.75 154.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 525.86 154.10 Td (advances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 70.94 142.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 96.77 142.10 Td (under ) Tj ET Q q 0 0 0 rg BT 122.04 142.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 173.97 142.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 213.68 142.10 Td (related ) Tj ET Q q 0 0 0 rg BT 243.38 142.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.66 142.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 303.94 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 314.21 142.10 Td (car ) Tj ET Q q 0 0 0 rg BT 328.92 142.10 Td (production ) Tj ET Q q 0 0 0 rg BT 374.75 142.10 Td (lines.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 118.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 70.94 118.10 Td (Cash/\(Net ) Tj ET Q q 0 0 0 rg BT 115.11 118.10 Td (Debt\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 94.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 106.35 94.10 Td (Cash/\(Net ) Tj ET Q q 0 0 0 rg BT 148.80 94.10 Td (Debt\) ) Tj ET Q q 0 0 0 rg BT 173.47 94.10 Td (is ) Tj ET Q q 0 0 0 rg BT 182.05 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.17 94.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 229.74 94.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 264.96 94.10 Td (used ) Tj ET Q q 0 0 0 rg BT 285.20 94.10 Td (by ) Tj ET Q q 0 0 0 rg BT 297.10 94.10 Td (management ) Tj ET Q q 0 0 0 rg BT 350.10 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.78 94.10 Td (analyze ) Tj ET Q q 0 0 0 rg BT 392.22 94.10 Td (our ) Tj ET Q q 0 0 0 rg BT 407.46 94.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 444.35 94.10 Td (leverage ) Tj ET Q q 0 0 0 rg BT 480.11 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 496.46 94.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 525.02 94.10 Td (structure, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 70.52 82.10 Td (is ) Tj ET Q q 0 0 0 rg BT 79.27 82.10 Td (one ) Tj ET Q q 0 0 0 rg BT 95.78 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.19 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.49 82.10 Td (key ) Tj ET Q q 0 0 0 rg BT 137.01 82.10 Td (indicators ) Tj ET Q q 0 0 0 rg BT 178.52 82.10 Td (used ) Tj ET Q q 0 0 0 rg BT 198.93 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.79 82.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 244.18 82.10 Td (our ) Tj ET Q q 0 0 0 rg BT 259.59 82.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 296.65 82.10 Td (position. ) Tj ET Q q 0 0 0 rg BT 333.30 82.10 Td (The ) Tj ET Q q 0 0 0 rg BT 350.93 82.10 Td (following ) Tj ET Q q 0 0 0 rg BT 391.90 82.10 Td (table ) Tj ET Q q 0 0 0 rg BT 413.41 82.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 430.49 82.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 452.01 82.10 Td (a ) Tj ET Q q 0 0 0 rg BT 458.52 82.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 515.58 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.99 82.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 542.50 82.10 Td (Cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 70.10 Td (at ) Tj ET Q q 0 0 0 rg BT 63.60 70.10 Td (September ) Tj ET Q q 0 0 0 rg BT 108.75 70.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 123.64 70.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 146.03 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.85 70.10 Td (December ) Tj ET Q q 0 0 0 rg BT 206.32 70.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 221.21 70.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 246.10 70.10 Td (using ) Tj ET Q q 0 0 0 rg BT 270.15 70.10 Td (information ) Tj ET Q q 0 0 0 rg BT 319.75 70.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 352.12 70.10 Td (from ) Tj ET Q q 0 0 0 rg BT 373.95 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.55 70.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 441.48 70.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 482.19 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.91 70.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 530.27 70.10 Td (position ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 58.10 Td (included ) Tj ET Q q 0 0 0 rg BT 90.83 58.10 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 133.21 58.10 Td (in ) Tj ET Q q 0 0 0 rg BT 143.38 58.10 Td (this ) Tj ET Q q 0 0 0 rg BT 160.23 58.10 Td (Interim ) Tj ET Q q 0 0 0 rg BT 192.06 58.10 Td (Report. ) Tj ET Q q 0 0 0 rg BT 224.01 58.10 Td (The ) Tj ET Q q 0 0 0 rg BT 241.95 58.10 Td (following ) Tj ET Q q 0 0 0 rg BT 283.24 58.10 Td (table ) Tj ET Q q 0 0 0 rg BT 305.07 58.10 Td (also ) Tj ET Q q 0 0 0 rg BT 323.58 58.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 340.98 58.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 362.81 58.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 378.54 58.10 Td (forma ) Tj ET Q q 0 0 0 rg BT 404.82 58.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 421.66 58.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 443.49 58.10 Td (at ) Tj ET Q q 0 0 0 rg BT 453.11 58.10 Td (September ) Tj ET Q q 0 0 0 rg BT 498.27 58.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 513.17 58.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 538.07 58.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 46.10 Td (is ) Tj ET Q q 0 0 0 rg BT 63.28 46.10 Td (based ) Tj ET Q q 0 0 0 rg BT 88.65 46.10 Td (on ) Tj ET Q q 0 0 0 rg BT 101.26 46.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 118.30 46.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 140.91 46.10 Td (as ) Tj ET Q q 0 0 0 rg BT 151.85 46.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 187.78 46.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.16 46.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 226.30 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.12 46.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 260.03 46.10 Td ( ) Tj ET Q q 0 0 0 rg BT 262.63 46.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 284.68 46.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.72 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.54 46.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 363.02 46.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 406.72 46.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.66 46.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 453.04 46.10 Td (in ) Tj ET Q q 0 0 0 rg BT 463.43 46.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 481.77 46.10 Td () Tj ET Q q 0 0 0 rg BT 484.55 46.10 Td (s ) Tj ET Q q 0 0 0 rg BT 491.05 46.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 511.43 46.10 Td (management ) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 30.20 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 742.10 Td (pools ) Tj ET Q q 0 0 0 rg BT 78.68 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 96.14 742.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 116.37 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 137.16 742.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 156.06 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.08 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.53 742.10 Td (third ) Tj ET Q q 0 0 0 rg BT 198.43 742.10 Td (parties, ) Tj ET Q q 0 0 0 rg BT 230.60 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 258.05 742.10 Td (will ) Tj ET Q q 0 0 0 rg BT 276.62 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 289.07 742.10 Td (settled ) Tj ET Q q 0 0 0 rg BT 318.19 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 328.98 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 349.77 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 362.78 742.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 410.79 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.13 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.36 742.10 Td (separation. ) Tj ET Q q 0 0 0 rg BT 483.97 742.10 Td (Intercompany ) Tj ET Q q 0 0 0 rg BT 542.52 742.10 Td (trade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 730.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 101.56 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.59 730.10 Td (payables ) Tj ET Q q 0 0 0 rg BT 156.16 730.10 Td (will ) Tj ET Q q 0 0 0 rg BT 174.31 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 186.34 730.10 Td (settled ) Tj ET Q q 0 0 0 rg BT 215.03 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 225.40 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.20 730.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 271.12 730.10 Td (course ) Tj ET Q q 0 0 0 rg BT 299.81 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.73 730.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 349.52 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 367.65 730.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 384.68 730.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 407.27 730.10 Td (at ) Tj ET Q q 0 0 0 rg BT 417.08 730.10 Td (September ) Tj ET Q q 0 0 0 rg BT 462.43 730.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 477.52 730.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 500.11 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.03 730.10 Td (827 ) Tj ET Q q 0 0 0 rg BT 533.62 730.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 718.10 Td (will ) Tj ET Q q 0 0 0 rg BT 73.35 718.10 Td (be ) Tj ET Q q 0 0 0 rg BT 86.58 718.10 Td (used ) Tj ET Q q 0 0 0 rg BT 108.70 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.27 718.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 157.38 718.10 Td (settle ) Tj ET Q q 0 0 0 rg BT 182.28 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.28 718.10 Td (residual ) Tj ET Q q 0 0 0 rg BT 233.73 718.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 273.06 718.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 306.85 718.10 Td (under ) Tj ET Q q 0 0 0 rg BT 333.41 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.42 718.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 368.32 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 372.11 718.10 Td (Note. ) Tj ET Q q 0 0 0 rg BT 397.01 718.10 Td (As ) Tj ET Q q 0 0 0 rg BT 411.91 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 420.14 718.10 Td (result ) Tj ET Q q 0 0 0 rg BT 446.15 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.27 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.28 718.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 520.29 718.10 Td (mentioned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 706.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 106.76 706.10 Td (total ) Tj ET Q q 0 0 0 rg BT 127.04 706.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 154.53 706.10 Td (at ) Tj ET Q q 0 0 0 rg BT 164.25 706.10 Td (September ) Tj ET Q q 0 0 0 rg BT 209.51 706.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 224.51 706.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 247.01 706.10 Td (on ) Tj ET Q q 0 0 0 rg BT 259.51 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 266.45 706.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 282.28 706.10 Td (forma ) Tj ET Q q 0 0 0 rg BT 308.66 706.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 331.16 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 340.33 706.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 376.70 706.10 Td (93 ) Tj ET Q q 0 0 0 rg BT 394.20 706.10 Td (million.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 628.60 226.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 628.60 89.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 628.60 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 628.60 89.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 628.60 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 628.60 89.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 600.60 226.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 600.60 89.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 600.60 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 600.60 89.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 600.60 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 600.60 89.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 572.60 226.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 572.60 89.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 572.60 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 572.60 89.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 572.60 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 572.60 89.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 668.6 m 369.5 668.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 654.6 m 369.5 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 668.6 m 465.5 668.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 654.6 m 465.5 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 668.6 m 562.5 668.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 654.6 m 562.5 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 600.6 m 369.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 586.6 m 369.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 600.6 m 465.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 586.6 m 465.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 600.6 m 562.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 586.6 m 562.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 558.6 m 369.5 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 558.6 m 465.5 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 558.6 m 562.5 558.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 291.20 673.05 Td (At September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 387.20 673.05 Td (At September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.45 673.05 Td (At December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 315.50 659.05 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.50 659.05 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 508.50 659.05 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.70 645.85 Td (\(Pro forma\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.75 632.85 Td (\( million\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 619.06 Td (Cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 352.50 619.06 Td (190) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.50 619.06 Td (190) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 619.06 Td (134) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 605.06 Td (Deposits in FCA Group cash management pools) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 357.00 605.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.75 605.06 Td (1,216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 605.06 Td (942) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 591.05 Td (Total liquidity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 352.50 591.05 Td (190) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.75 591.05 Td (1,406) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.75 591.05 Td (1,076) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 577.06 Td (Financial liabilities with FCA Group) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 357.00 577.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.50 577.06 Td (\(389) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.00 577.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.50 577.06 Td (\(379) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 577.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 563.06 Td (Financial liabilities with third parties) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.75 563.06 Td (\(2,163) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 563.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.50 563.06 Td (\(190) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.00 563.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.50 563.06 Td (\(131) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 563.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 549.05 Td (Total Net Cash/\(Net Debt\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 342.75 549.05 Td (\(1,973) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 366.00 549.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 448.50 549.05 Td (827) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.50 549.05 Td (566) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 509.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 77.06 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.56 509.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 115.39 509.10 Td (equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 485.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 111.87 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.18 485.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 147.82 485.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 195.24 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.44 485.10 Td (190 ) Tj ET Q q 0 0 0 rg BT 227.31 485.10 Td (million ) Tj ET Q q 0 0 0 rg BT 258.08 485.10 Td (at ) Tj ET Q q 0 0 0 rg BT 267.17 485.10 Td (September ) Tj ET Q q 0 0 0 rg BT 311.80 485.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 326.18 485.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 348.05 485.10 Td (\(134 ) Tj ET Q q 0 0 0 rg BT 373.25 485.10 Td (million ) Tj ET Q q 0 0 0 rg BT 404.02 485.10 Td (at ) Tj ET Q q 0 0 0 rg BT 413.11 485.10 Td (December ) Tj ET Q q 0 0 0 rg BT 456.06 485.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 470.43 485.10 Td (2014\) ) Tj ET Q q 0 0 0 rg BT 495.64 485.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 525.29 485.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 63.94 473.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 84.99 473.10 Td (current ) Tj ET Q q 0 0 0 rg BT 114.92 473.10 Td (accounts. ) Tj ET Q q 0 0 0 rg BT 154.01 473.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 171.17 473.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 190.55 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.60 473.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 225.98 473.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 273.13 473.10 Td (are ) Tj ET Q q 0 0 0 rg BT 286.95 473.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 340.21 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 349.60 473.10 Td (various ) Tj ET Q q 0 0 0 rg BT 380.65 473.10 Td (currencies ) Tj ET Q q 0 0 0 rg BT 423.34 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.39 473.10 Td (available ) Tj ET Q q 0 0 0 rg BT 477.09 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.48 473.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 515.29 473.10 Td (subsidiaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 461.10 Td (which ) Tj ET Q q 0 0 0 rg BT 80.43 461.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 111.85 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 121.62 461.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 144.15 461.10 Td (other ) Tj ET Q q 0 0 0 rg BT 166.69 461.10 Td (than ) Tj ET Q q 0 0 0 rg BT 185.89 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.10 461.10 Td (United ) Tj ET Q q 0 0 0 rg BT 229.31 461.10 Td (States ) Tj ET Q q 0 0 0 rg BT 255.19 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.07 461.10 Td (America ) Tj ET Q q 0 0 0 rg BT 301.49 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.92 461.10 Td (Europe. ) Tj ET Q q 0 0 0 rg BT 351.29 461.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 373.28 461.10 Td (held ) Tj ET Q q 0 0 0 rg BT 392.49 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 402.26 461.10 Td (such ) Tj ET Q q 0 0 0 rg BT 422.58 461.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 461.23 461.10 Td (may ) Tj ET Q q 0 0 0 rg BT 480.44 461.10 Td (be ) Tj ET Q q 0 0 0 rg BT 491.87 461.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 522.19 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 531.96 461.10 Td (transfer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 449.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 100.20 449.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 143.61 449.10 Td (on ) Tj ET Q q 0 0 0 rg BT 155.38 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.36 449.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 220.56 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.10 449.10 Td (which ) Tj ET Q q 0 0 0 rg BT 256.30 449.10 Td (these ) Tj ET Q q 0 0 0 rg BT 278.61 449.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 327.59 449.10 Td (operate. ) Tj ET Q q 0 0 0 rg BT 361.28 449.10 Td (In ) Tj ET Q q 0 0 0 rg BT 371.37 449.10 Td (particular) Tj ET Q q 0 0 0 rg BT 409.28 449.10 Td (, ) Tj ET Q q 0 0 0 rg BT 413.55 449.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 433.08 449.10 Td (held ) Tj ET Q q 0 0 0 rg BT 452.06 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 461.60 449.10 Td (China ) Tj ET Q q 0 0 0 rg BT 487.25 449.10 Td (is ) Tj ET Q q 0 0 0 rg BT 495.68 449.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 525.77 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 535.31 449.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 437.10 Td (repatriation ) Tj ET Q q 0 0 0 rg BT 101.49 437.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 147.32 437.10 Td (\(and ) Tj ET Q q 0 0 0 rg BT 166.48 437.10 Td (may ) Tj ET Q q 0 0 0 rg BT 185.10 437.10 Td (only ) Tj ET Q q 0 0 0 rg BT 204.28 437.10 Td (be ) Tj ET Q q 0 0 0 rg BT 215.11 437.10 Td (repatriated ) Tj ET Q q 0 0 0 rg BT 259.26 437.10 Td (as ) Tj ET Q q 0 0 0 rg BT 268.99 437.10 Td (dividends\). ) Tj ET Q q 0 0 0 rg BT 315.10 437.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 340.94 437.10 Td (on ) Tj ET Q q 0 0 0 rg BT 352.34 437.10 Td (our ) Tj ET Q q 0 0 0 rg BT 367.06 437.10 Td (review) Tj ET Q q 0 0 0 rg BT 393.62 437.10 Td (, ) Tj ET Q q 0 0 0 rg BT 397.52 437.10 Td (we ) Tj ET Q q 0 0 0 rg BT 410.58 437.10 Td (do ) Tj ET Q q 0 0 0 rg BT 421.98 437.10 Td (not ) Tj ET Q q 0 0 0 rg BT 436.15 437.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 466.42 437.10 Td (such ) Tj ET Q q 0 0 0 rg BT 486.15 437.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 518.09 437.10 Td (restrictions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 425.10 Td (have ) Tj ET Q q 0 0 0 rg BT 75.24 425.10 Td (an ) Tj ET Q q 0 0 0 rg BT 87.04 425.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 119.94 425.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 149.52 425.10 Td (on ) Tj ET Q q 0 0 0 rg BT 161.88 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 177.57 425.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 205.49 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.63 425.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 237.43 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 253.12 425.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 289.38 425.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 343.94 425.10 Td (at ) Tj ET Q q 0 0 0 rg BT 353.52 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.10 425.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 391.01 425.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 439.46 425.10 Td (above. ) Tj ET Q q 0 0 0 rg BT 468.20 425.10 Td (During ) Tj ET Q q 0 0 0 rg BT 498.89 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.47 425.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 533.05 425.10 Td (months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 413.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 79.76 413.10 Td (September ) Tj ET Q q 0 0 0 rg BT 124.41 413.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 138.79 413.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 163.18 413.10 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 200.05 413.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 220.82 413.10 Td (settled ) Tj ET Q q 0 0 0 rg BT 248.81 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.91 413.10 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 308.38 413.10 Td (which ) Tj ET Q q 0 0 0 rg BT 334.70 413.10 Td (at ) Tj ET Q q 0 0 0 rg BT 343.80 413.10 Td (December ) Tj ET Q q 0 0 0 rg BT 386.77 413.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 401.15 413.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 423.04 413.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 464.36 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 474.02 413.10 Td (147 ) Tj ET Q q 0 0 0 rg BT 495.90 413.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 529.18 413.10 Td (deriving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 401.10 Td (from ) Tj ET Q q 0 0 0 rg BT 75.49 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.75 401.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 129.56 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.94 401.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 180.32 401.10 Td (related ) Tj ET Q q 0 0 0 rg BT 209.57 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.39 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.66 401.10 Td (establishment ) Tj ET Q q 0 0 0 rg BT 290.70 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.08 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.34 401.10 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 352.37 401.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 397.19 401.10 Td (business ) Tj ET Q q 0 0 0 rg BT 433.13 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 442.95 401.10 Td (China, ) Tj ET Q q 0 0 0 rg BT 471.39 401.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 508.43 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.26 401.10 Td (an ) Tj ET Q q 0 0 0 rg BT 529.74 401.10 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 64.28 389.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 84.55 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.49 389.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 121.75 389.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 169.80 389.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 223.95 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 234.22 389.10 Td (Chinese ) Tj ET Q q 0 0 0 rg BT 268.57 389.10 Td (Y) Tj ET Q q 0 0 0 rg BT 274.68 389.10 Td (uan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 365.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.26 365.10 Td (following ) Tj ET Q q 0 0 0 rg BT 149.85 365.10 Td (table ) Tj ET Q q 0 0 0 rg BT 172.00 365.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 189.71 365.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 211.86 365.10 Td (an ) Tj ET Q q 0 0 0 rg BT 224.00 365.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 258.93 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.97 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.90 365.10 Td (currencies ) Tj ET Q q 0 0 0 rg BT 328.69 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 339.18 365.10 Td (which ) Tj ET Q q 0 0 0 rg BT 366.33 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 382.37 365.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 402.85 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 420.00 365.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 440.47 365.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 488.73 365.10 Td (were ) Tj ET Q q 0 0 0 rg BT 510.86 365.10 Td (denominated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 353.10 Td (at ) Tj ET Q q 0 0 0 rg BT 63.72 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.43 353.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 101.48 353.10 Td (presented.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 289.60 320.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 289.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 289.60 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 289.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 289.60 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 261.60 320.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 261.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 261.60 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 261.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 261.60 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 233.60 320.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 233.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 233.60 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 233.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 233.60 90.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 316.6 m 468.5 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 316.6 m 562.5 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 302.6 m 468.5 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 302.6 m 562.5 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 219.60000000000002 m 468.5 219.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 206.60000000000002 m 468.5 206.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 204.60000000000002 m 468.5 204.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 219.60000000000002 m 562.5 219.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 206.60000000000002 m 562.5 206.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 204.60000000000002 m 562.5 204.60000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.70 321.05 Td (At September) Tj ET Q q 0 0 0 rg BT 442.77 321.05 Td ( 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.95 321.05 Td (At December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 414.00 307.05 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 508.00 307.05 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.75 293.85 Td (\( million\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 280.06 Td (Chinese Yuan) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 280.06 Td (123) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 280.06 Td (74) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 266.06 Td (Japanese Yen) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.00 266.06 Td (37) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 266.06 Td (27) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 252.06 Td (Euro) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.00 252.06 Td (14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 252.06 Td (10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 238.06 Td (U.S. Dollar) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.50 238.06 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 238.06 Td (14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 224.06 Td (Other currencies) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.00 224.06 Td (11) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 224.06 Td (9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 210.05 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.50 210.05 Td (190) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.50 210.05 Td (134) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 182.10 Td (Deposits ) Tj ET Q q 0 0 0 rg BT 91.50 182.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.78 182.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 120.48 182.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.98 182.10 Td (Gr) Tj ET Q q 0 0 0 rg BT 133.73 182.10 Td (oup ) Tj ET Q q 0 0 0 rg BT 151.23 182.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 172.06 182.10 Td (management ) Tj ET Q q 0 0 0 rg BT 225.66 182.10 Td (pools) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 158.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 158.10 Td (Deposits ) Tj ET Q q 0 0 0 rg BT 127.28 158.10 Td (in ) Tj ET Q q 0 0 0 rg BT 137.33 158.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 156.24 158.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.51 158.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 186.34 158.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 206.39 158.10 Td (management ) Tj ET Q q 0 0 0 rg BT 259.76 158.10 Td (pools ) Tj ET Q q 0 0 0 rg BT 283.70 158.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 308.18 158.10 Td (to ) Tj ET Q q 0 0 0 rg BT 318.24 158.10 Td (our ) Tj ET Q q 0 0 0 rg BT 333.85 158.10 Td (participation ) Tj ET Q q 0 0 0 rg BT 386.66 158.10 Td (in ) Tj ET Q q 0 0 0 rg BT 396.72 158.10 Td (a ) Tj ET Q q 0 0 0 rg BT 403.44 158.10 Td (group-wide ) Tj ET Q q 0 0 0 rg BT 451.81 158.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 471.86 158.10 Td (management ) Tj ET Q q 0 0 0 rg BT 525.22 158.10 Td (system ) Tj ET Q q 0 0 0 rg BT 555.28 158.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 146.10 Td (FCA, ) Tj ET Q q 0 0 0 rg BT 79.86 146.10 Td (where ) Tj ET Q q 0 0 0 rg BT 108.20 146.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.32 146.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 165.99 146.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 187.67 146.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 245.17 146.10 Td (main ) Tj ET Q q 0 0 0 rg BT 269.07 146.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 304.08 146.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 349.65 146.10 Td (and ) Tj ET Q q 0 0 0 rg BT 367.99 146.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 405.79 146.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 453.58 146.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.82 146.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.95 146.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 511.40 146.10 Td (are ) Tj ET Q q 0 0 0 rg BT 527.52 146.10 Td (centrally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 134.10 Td (coordinated ) Tj ET Q q 0 0 0 rg BT 103.31 134.10 Td (by ) Tj ET Q q 0 0 0 rg BT 115.42 134.10 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 155.84 134.10 Td (treasury ) Tj ET Q q 0 0 0 rg BT 190.16 134.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 235.03 134.10 Td (with ) Tj ET Q q 0 0 0 rg BT 254.92 134.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.24 134.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 308.00 134.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.44 134.10 Td (ensuring ) Tj ET Q q 0 0 0 rg BT 354.99 134.10 Td (ef) Tj ET Q q 0 0 0 rg BT 362.58 134.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 391.89 134.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.44 134.10 Td (ef) Tj ET Q q 0 0 0 rg BT 416.03 134.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 443.68 134.10 Td (management ) Tj ET Q q 0 0 0 rg BT 496.88 134.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.32 134.10 Td (our ) Tj ET Q q 0 0 0 rg BT 522.75 134.10 Td (funds. ) Tj ET Q q 0 0 0 rg BT 549.43 134.10 Td (W) Tj ET Q q 0 0 0 rg BT 558.07 134.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 122.10 Td (access ) Tj ET Q q 0 0 0 rg BT 82.33 122.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 107.34 122.10 Td (deposited ) Tj ET Q q 0 0 0 rg BT 148.46 122.10 Td (in ) Tj ET Q q 0 0 0 rg BT 159.03 122.10 Td (these ) Tj ET Q q 0 0 0 rg BT 182.37 122.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 220.15 122.10 Td (on ) Tj ET Q q 0 0 0 rg BT 232.95 122.10 Td (a ) Tj ET Q q 0 0 0 rg BT 240.18 122.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 262.96 122.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 285.76 122.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.99 122.10 Td (have ) Tj ET Q q 0 0 0 rg BT 324.66 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.67 122.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 386.88 122.10 Td (right ) Tj ET Q q 0 0 0 rg BT 408.56 122.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.13 122.10 Td (withdraw ) Tj ET Q q 0 0 0 rg BT 459.69 122.10 Td (our ) Tj ET Q q 0 0 0 rg BT 475.82 122.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 500.83 122.10 Td (on ) Tj ET Q q 0 0 0 rg BT 513.62 122.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 548.07 122.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 110.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 95.13 110.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.72 110.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 131.87 110.10 Td (management ) Tj ET Q q 0 0 0 rg BT 186.33 110.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 243.57 110.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 288.59 110.10 Td (on ) Tj ET Q q 0 0 0 rg BT 301.97 110.10 Td (FCA's ) Tj ET Q q 0 0 0 rg BT 330.49 110.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 359.42 110.10 Td (to ) Tj ET Q q 0 0 0 rg BT 370.57 110.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 388.38 110.10 Td (at ) Tj ET Q q 0 0 0 rg BT 398.97 110.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.56 110.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 450.14 110.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 473.54 110.10 Td (The ) Tj ET Q q 0 0 0 rg BT 492.46 110.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 529.15 110.10 Td (value ) Tj ET Q q 0 0 0 rg BT 554.18 110.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 98.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 89.03 98.10 Td (in ) Tj ET Q q 0 0 0 rg BT 99.06 98.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 117.96 98.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.21 98.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 148.01 98.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 168.03 98.10 Td (management ) Tj ET Q q 0 0 0 rg BT 221.37 98.10 Td (pools ) Tj ET Q q 0 0 0 rg BT 245.29 98.10 Td (approximates ) Tj ET Q q 0 0 0 rg BT 301.42 98.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 317.54 98.10 Td (value ) Tj ET Q q 0 0 0 rg BT 341.45 98.10 Td (based ) Tj ET Q q 0 0 0 rg BT 366.47 98.10 Td (on ) Tj ET Q q 0 0 0 rg BT 378.72 98.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.19 98.10 Td (short ) Tj ET Q q 0 0 0 rg BT 415.44 98.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 451.57 98.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.15 98.10 Td (these ) Tj ET Q q 0 0 0 rg BT 484.95 98.10 Td (investments. ) Tj ET Q q 0 0 0 rg BT 537.48 98.10 Td (Of ) Tj ET Q q 0 0 0 rg BT 550.28 98.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 86.10 Td (total ) Tj ET Q q 0 0 0 rg BT 74.67 86.10 Td (1,216 ) Tj ET Q q 0 0 0 rg BT 105.06 86.10 Td (million ) Tj ET Q q 0 0 0 rg BT 136.84 86.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.07 86.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 183.74 86.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.41 86.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 213.31 86.10 Td ( ) Tj ET Q q 0 0 0 rg BT 216.20 86.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 244.65 86.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 265.31 86.10 Td (management ) Tj ET Q q 0 0 0 rg BT 319.29 86.10 Td (pools ) Tj ET Q q 0 0 0 rg BT 343.86 86.10 Td (at ) Tj ET Q q 0 0 0 rg BT 353.97 86.10 Td (September ) Tj ET Q q 0 0 0 rg BT 399.62 86.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 415.02 86.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 437.91 86.10 Td (\(942 ) Tj ET Q q 0 0 0 rg BT 464.13 86.10 Td (million ) Tj ET Q q 0 0 0 rg BT 495.92 86.10 Td (at ) Tj ET Q q 0 0 0 rg BT 506.03 86.10 Td (December ) Tj ET Q q 0 0 0 rg BT 550.00 86.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 74.10 Td (2014\), ) Tj ET Q q 0 0 0 rg BT 82.81 74.10 Td (1,182 ) Tj ET Q q 0 0 0 rg BT 113.30 74.10 Td (million ) Tj ET Q q 0 0 0 rg BT 145.18 74.10 Td (was ) Tj ET Q q 0 0 0 rg BT 163.71 74.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 218.35 74.10 Td (in ) Tj ET Q q 0 0 0 rg BT 229.11 74.10 Td (Euro ) Tj ET Q q 0 0 0 rg BT 251.53 74.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.96 74.10 Td (34 ) Tj ET Q q 0 0 0 rg BT 286.94 74.10 Td (million ) Tj ET Q q 0 0 0 rg BT 318.82 74.10 Td (in ) Tj ET Q q 0 0 0 rg BT 329.58 74.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 350.35 74.10 Td (Dollars ) Tj ET Q q 0 0 0 rg BT 382.77 74.10 Td (\(at ) Tj ET Q q 0 0 0 rg BT 396.31 74.10 Td (December ) Tj ET Q q 0 0 0 rg BT 440.37 74.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 455.86 74.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 481.34 74.10 Td (844 ) Tj ET Q q 0 0 0 rg BT 504.33 74.10 Td (million ) Tj ET Q q 0 0 0 rg BT 536.21 74.10 Td (was ) Tj ET Q q 0 0 0 rg BT 554.74 74.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 62.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 108.15 62.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.43 62.10 Td (Euro ) Tj ET Q q 0 0 0 rg BT 140.37 62.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.31 62.10 Td (98 ) Tj ET Q q 0 0 0 rg BT 174.81 62.10 Td (million ) Tj ET Q q 0 0 0 rg BT 206.20 62.10 Td (in ) Tj ET Q q 0 0 0 rg BT 216.48 62.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 236.76 62.10 Td (Dollars,\). ) Tj ET Q q 0 0 0 rg BT 276.85 62.10 Td (These ) Tj ET Q q 0 0 0 rg BT 303.22 62.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 359.59 62.10 Td (will ) Tj ET Q q 0 0 0 rg BT 377.64 62.10 Td (be ) Tj ET Q q 0 0 0 rg BT 389.58 62.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 434.84 62.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 457.34 62.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.06 62.10 Td (Separation.) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 30.20 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 95.41 742.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 112.50 742.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 148.48 742.10 Td (\(defined ) Tj ET Q q 0 0 0 rg BT 183.88 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 194.30 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 214.16 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.69 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 250.55 742.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 298.18 742.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 316.94 742.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 351.81 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 361.67 742.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 380.58 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 382.67 742.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 410.31 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 430.17 742.10 Td (management ) Tj ET Q q 0 0 0 rg BT 483.34 742.10 Td (pools\) ) Tj ET Q q 0 0 0 rg BT 510.43 742.10 Td (at ) Tj ET Q q 0 0 0 rg BT 519.74 742.10 Td (September ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 730.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 69.02 730.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 91.53 730.10 Td (was ) Tj ET Q q 0 0 0 rg BT 109.60 730.10 Td (1,406 ) Tj ET Q q 0 0 0 rg BT 139.62 730.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 173.53 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.38 730.10 Td (which ) Tj ET Q q 0 0 0 rg BT 211.33 730.10 Td (85.1 ) Tj ET Q q 0 0 0 rg BT 231.35 730.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 263.29 730.10 Td (was ) Tj ET Q q 0 0 0 rg BT 281.36 730.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 335.53 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 345.82 730.10 Td (Euro, ) Tj ET Q q 0 0 0 rg BT 370.28 730.10 Td (8.7 ) Tj ET Q q 0 0 0 rg BT 385.29 730.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 417.23 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 427.53 730.10 Td (Chinese ) Tj ET Q q 0 0 0 rg BT 461.89 730.10 Td (Y) Tj ET Q q 0 0 0 rg BT 468.00 730.10 Td (uan, ) Tj ET Q q 0 0 0 rg BT 487.46 730.10 Td (2.8 ) Tj ET Q q 0 0 0 rg BT 502.48 730.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 534.42 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 544.71 730.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 718.10 Td (Dollars ) Tj ET Q q 0 0 0 rg BT 85.75 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.49 718.10 Td (3.4 ) Tj ET Q q 0 0 0 rg BT 117.30 718.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 149.04 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 159.12 718.10 Td (other ) Tj ET Q q 0 0 0 rg BT 181.98 718.10 Td (currencies. ) Tj ET Q q 0 0 0 rg BT 227.70 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 233.11 718.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 250.42 718.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 286.62 718.10 Td (at ) Tj ET Q q 0 0 0 rg BT 296.14 718.10 Td (December ) Tj ET Q q 0 0 0 rg BT 339.54 718.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 354.34 718.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 376.65 718.10 Td (was ) Tj ET Q q 0 0 0 rg BT 394.51 718.10 Td (1,076 ) Tj ET Q q 0 0 0 rg BT 424.32 718.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 458.02 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.66 718.10 Td (which ) Tj ET Q q 0 0 0 rg BT 495.41 718.10 Td (79.4 ) Tj ET Q q 0 0 0 rg BT 515.22 718.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 546.95 718.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 706.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 108.15 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.43 706.10 Td (Euro, ) Tj ET Q q 0 0 0 rg BT 142.87 706.10 Td (10.5 ) Tj ET Q q 0 0 0 rg BT 162.87 706.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 194.79 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 205.07 706.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 225.35 706.10 Td (Dollars, ) Tj ET Q q 0 0 0 rg BT 259.79 706.10 Td (6.9 ) Tj ET Q q 0 0 0 rg BT 274.79 706.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 306.71 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 316.99 706.10 Td (Chinese ) Tj ET Q q 0 0 0 rg BT 351.34 706.10 Td (Y) Tj ET Q q 0 0 0 rg BT 357.45 706.10 Td (uan, ) Tj ET Q q 0 0 0 rg BT 376.89 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 393.83 706.10 Td (3.2 ) Tj ET Q q 0 0 0 rg BT 408.83 706.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 440.75 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 451.03 706.10 Td (other ) Tj ET Q q 0 0 0 rg BT 474.08 706.10 Td (currencies. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 682.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 95.38 682.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 135.66 682.10 Td (with ) Tj ET Q q 0 0 0 rg BT 155.39 682.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 174.09 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 176.59 682.10 Td (Gr) Tj ET Q q 0 0 0 rg BT 187.33 682.10 Td (oup) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 658.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 130.08 658.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 170.16 658.10 Td (with ) Tj ET Q q 0 0 0 rg BT 190.80 658.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 209.70 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.56 658.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 240.98 658.10 Td (at ) Tj ET Q q 0 0 0 rg BT 251.06 658.10 Td (September ) Tj ET Q q 0 0 0 rg BT 296.69 658.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 312.05 658.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 334.91 658.10 Td (were ) Tj ET Q q 0 0 0 rg BT 357.21 658.10 Td (389 ) Tj ET Q q 0 0 0 rg BT 380.07 658.10 Td (million ) Tj ET Q q 0 0 0 rg BT 411.83 658.10 Td (\(379 ) Tj ET Q q 0 0 0 rg BT 438.02 658.10 Td (million ) Tj ET Q q 0 0 0 rg BT 469.78 658.10 Td (at ) Tj ET Q q 0 0 0 rg BT 479.86 658.10 Td (December ) Tj ET Q q 0 0 0 rg BT 523.80 658.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 539.17 658.10 Td (2014\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 70.23 646.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 109.23 646.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 133.22 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.79 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 149.01 646.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 173.56 646.10 Td (line ) Tj ET Q q 0 0 0 rg BT 190.35 646.10 Td (held ) Tj ET Q q 0 0 0 rg BT 209.35 646.10 Td (with ) Tj ET Q q 0 0 0 rg BT 228.92 646.10 Td (Fiat ) Tj ET Q q 0 0 0 rg BT 246.27 646.10 Td (Chrysler ) Tj ET Q q 0 0 0 rg BT 282.49 646.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 315.94 646.10 Td (North ) Tj ET Q q 0 0 0 rg BT 340.66 646.10 Td (America, ) Tj ET Q q 0 0 0 rg BT 379.37 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.38 646.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 426.83 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 436.95 646.10 Td (which ) Tj ET Q q 0 0 0 rg BT 463.17 646.10 Td (is ) Tj ET Q q 0 0 0 rg BT 471.63 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 481.20 646.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 512.41 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.42 646.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 64.26 634.10 Td (our ) Tj ET Q q 0 0 0 rg BT 79.53 634.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 116.44 634.10 Td (services ) Tj ET Q q 0 0 0 rg BT 150.58 634.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 187.51 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 197.22 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.95 634.10 Td (Americas. ) Tj ET Q q 0 0 0 rg BT 253.56 634.10 Td (The ) Tj ET Q q 0 0 0 rg BT 271.04 634.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 301.29 634.10 Td (is ) Tj ET Q q 0 0 0 rg BT 309.89 634.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 363.48 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 373.19 634.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 392.91 634.10 Td (Dollars ) Tj ET Q q 0 0 0 rg BT 424.28 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.65 634.10 Td (bore ) Tj ET Q q 0 0 0 rg BT 460.35 634.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 491.72 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.98 634.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 513.92 634.10 Td (Day ) Tj ET Q q 0 0 0 rg BT 532.51 634.10 Td (LIBOR ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 622.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 72.90 622.10 Td (a ) Tj ET Q q 0 0 0 rg BT 79.57 622.10 Td (spread ) Tj ET Q q 0 0 0 rg BT 107.89 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.45 622.10 Td (100 ) Tj ET Q q 0 0 0 rg BT 135.68 622.10 Td (bps ) Tj ET Q q 0 0 0 rg BT 151.80 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 161.81 622.10 Td (May ) Tj ET Q q 0 0 0 rg BT 182.37 622.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 197.10 622.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 221.83 622.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 234.06 622.10 Td (Day ) Tj ET Q q 0 0 0 rg BT 252.95 622.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 285.17 622.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 304.07 622.10 Td (a ) Tj ET Q q 0 0 0 rg BT 310.74 622.10 Td (spread ) Tj ET Q q 0 0 0 rg BT 339.07 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.63 622.10 Td (220 ) Tj ET Q q 0 0 0 rg BT 366.86 622.10 Td (bps ) Tj ET Q q 0 0 0 rg BT 382.98 622.10 Td (from ) Tj ET Q q 0 0 0 rg BT 404.64 622.10 Td (June ) Tj ET Q q 0 0 0 rg BT 425.20 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.72 622.10 Td (August ) Tj ET Q q 0 0 0 rg BT 465.84 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.51 622.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 494.74 622.10 Td (Day ) Tj ET Q q 0 0 0 rg BT 513.63 622.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 545.85 622.10 Td (plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 610.10 Td (a ) Tj ET Q q 0 0 0 rg BT 60.94 610.10 Td (spread ) Tj ET Q q 0 0 0 rg BT 89.54 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.37 610.10 Td (130 ) Tj ET Q q 0 0 0 rg BT 117.87 610.10 Td (bps ) Tj ET Q q 0 0 0 rg BT 134.26 610.10 Td (from ) Tj ET Q q 0 0 0 rg BT 156.20 610.10 Td (September ) Tj ET Q q 0 0 0 rg BT 201.46 610.10 Td (2015.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 586.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 95.38 586.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 135.66 586.10 Td (with ) Tj ET Q q 0 0 0 rg BT 155.39 586.10 Td (thir) Tj ET Q q 0 0 0 rg BT 169.46 586.10 Td (d ) Tj ET Q q 0 0 0 rg BT 176.96 586.10 Td (parties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 562.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 129.86 562.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 169.73 562.10 Td (with ) Tj ET Q q 0 0 0 rg BT 190.17 562.10 Td (third ) Tj ET Q q 0 0 0 rg BT 211.71 562.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 241.01 562.10 Td (at ) Tj ET Q q 0 0 0 rg BT 250.88 562.10 Td (September ) Tj ET Q q 0 0 0 rg BT 296.30 562.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 311.45 562.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 334.10 562.10 Td (were ) Tj ET Q q 0 0 0 rg BT 356.19 562.10 Td (190 ) Tj ET Q q 0 0 0 rg BT 378.84 562.10 Td (million ) Tj ET Q q 0 0 0 rg BT 410.38 562.10 Td (\(131 ) Tj ET Q q 0 0 0 rg BT 436.37 562.10 Td (million ) Tj ET Q q 0 0 0 rg BT 467.91 562.10 Td (at ) Tj ET Q q 0 0 0 rg BT 477.78 562.10 Td (December ) Tj ET Q q 0 0 0 rg BT 521.52 562.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 536.67 562.10 Td (2014\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 550.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 93.22 550.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 132.45 550.10 Td (with ) Tj ET Q q 0 0 0 rg BT 152.23 550.10 Td (third ) Tj ET Q q 0 0 0 rg BT 173.13 550.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 201.80 550.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 226.01 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.79 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 242.24 550.10 Td (number ) Tj ET Q q 0 0 0 rg BT 274.80 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.14 550.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 341.01 550.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 370.79 550.10 Td (used ) Tj ET Q q 0 0 0 rg BT 391.13 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.92 550.10 Td (support ) Tj ET Q q 0 0 0 rg BT 432.93 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.15 550.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 484.14 550.10 Td (services ) Tj ET Q q 0 0 0 rg BT 518.36 550.10 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 538.10 Td (In ) Tj ET Q q 0 0 0 rg BT 64.18 538.10 Td (particular) Tj ET Q q 0 0 0 rg BT 102.09 538.10 Td (, ) Tj ET Q q 0 0 0 rg BT 106.43 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.61 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.68 538.10 Td (total ) Tj ET Q q 0 0 0 rg BT 150.30 538.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 187.12 538.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 226.19 538.10 Td (with ) Tj ET Q q 0 0 0 rg BT 245.81 538.10 Td (third ) Tj ET Q q 0 0 0 rg BT 266.55 538.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 295.05 538.10 Td (at ) Tj ET Q q 0 0 0 rg BT 304.11 538.10 Td (September ) Tj ET Q q 0 0 0 rg BT 348.72 538.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 363.07 538.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 387.42 538.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 398.70 538.10 Td (134 ) Tj ET Q q 0 0 0 rg BT 420.55 538.10 Td (million ) Tj ET Q q 0 0 0 rg BT 451.29 538.10 Td (related ) Tj ET Q q 0 0 0 rg BT 480.34 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 489.97 538.10 Td (a ) Tj ET Q q 0 0 0 rg BT 496.25 538.10 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 525.31 538.10 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 526.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 90.60 526.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 108.59 526.10 Td (\(62 ) Tj ET Q q 0 0 0 rg BT 129.64 526.10 Td (million ) Tj ET Q q 0 0 0 rg BT 161.25 526.10 Td (at ) Tj ET Q q 0 0 0 rg BT 171.19 526.10 Td (December ) Tj ET Q q 0 0 0 rg BT 215.00 526.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 230.22 526.10 Td (2014\), ) Tj ET Q q 0 0 0 rg BT 258.77 526.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 273.71 526.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 291.43 526.10 Td (million ) Tj ET Q q 0 0 0 rg BT 323.04 526.10 Td (related ) Tj ET Q q 0 0 0 rg BT 352.96 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.46 526.10 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 393.39 526.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 433.32 526.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 469.92 526.10 Td (Japan ) Tj ET Q q 0 0 0 rg BT 495.41 526.10 Td (KK ) Tj ET Q q 0 0 0 rg BT 512.58 526.10 Td (\(34 ) Tj ET Q q 0 0 0 rg BT 533.63 526.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 514.10 Td (at ) Tj ET Q q 0 0 0 rg BT 63.56 514.10 Td (December ) Tj ET Q q 0 0 0 rg BT 106.99 514.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 121.83 514.10 Td (2014\), ) Tj ET Q q 0 0 0 rg BT 150.00 514.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 167.34 514.10 Td (17 ) Tj ET Q q 0 0 0 rg BT 184.68 514.10 Td (million ) Tj ET Q q 0 0 0 rg BT 215.92 514.10 Td (related ) Tj ET Q q 0 0 0 rg BT 245.46 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 255.58 514.10 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 285.13 514.10 Td (S.p.A. ) Tj ET Q q 0 0 0 rg BT 312.76 514.10 Td (\(19 ) Tj ET Q q 0 0 0 rg BT 333.43 514.10 Td (million ) Tj ET Q q 0 0 0 rg BT 364.67 514.10 Td (at ) Tj ET Q q 0 0 0 rg BT 374.23 514.10 Td (December ) Tj ET Q q 0 0 0 rg BT 417.65 514.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 432.50 514.10 Td (2014\) ) Tj ET Q q 0 0 0 rg BT 458.17 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.95 514.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 491.73 514.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 504.07 514.10 Td (million ) Tj ET Q q 0 0 0 rg BT 535.31 514.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 64.28 502.10 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 93.99 502.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 133.70 502.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 170.07 502.10 Td (S.p.A. ) Tj ET Q q 0 0 0 rg BT 197.86 502.10 Td (\(15 ) Tj ET Q q 0 0 0 rg BT 218.69 502.10 Td (million ) Tj ET Q q 0 0 0 rg BT 250.08 502.10 Td (at ) Tj ET Q q 0 0 0 rg BT 259.80 502.10 Td (December ) Tj ET Q q 0 0 0 rg BT 303.38 502.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 318.38 502.10 Td (2014\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 478.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.33 478.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 146.10 478.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 186.11 478.10 Td (with ) Tj ET Q q 0 0 0 rg BT 206.67 478.10 Td (third ) Tj ET Q q 0 0 0 rg BT 228.34 478.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 257.79 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.90 478.10 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 298.90 478.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 338.90 478.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 375.56 478.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 393.62 478.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 418.61 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.17 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 436.40 478.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 456.97 478.10 Td (Dollar ) Tj ET Q q 0 0 0 rg BT 485.30 478.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 539.74 478.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 466.10 Td (facility) Tj ET Q q 0 0 0 rg BT 81.67 466.10 Td (, ) Tj ET Q q 0 0 0 rg BT 86.75 466.10 Td (which ) Tj ET Q q 0 0 0 rg BT 113.77 466.10 Td (bears ) Tj ET Q q 0 0 0 rg BT 137.45 466.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 169.46 466.10 Td (at ) Tj ET Q q 0 0 0 rg BT 179.26 466.10 Td (a ) Tj ET Q q 0 0 0 rg BT 186.27 466.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 221.06 466.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 238.62 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.53 466.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 282.11 466.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 301.36 466.10 Td (a ) Tj ET Q q 0 0 0 rg BT 308.38 466.10 Td (spread. ) Tj ET Q q 0 0 0 rg BT 339.37 466.10 Td (This ) Tj ET Q q 0 0 0 rg BT 359.73 466.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 390.63 466.10 Td (was ) Tj ET Q q 0 0 0 rg BT 408.76 466.10 Td (renewed ) Tj ET Q q 0 0 0 rg BT 445.21 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 455.56 466.10 Td (July ) Tj ET Q q 0 0 0 rg BT 474.81 466.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 497.39 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.41 466.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 554.74 466.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 454.10 Td ($150 ) Tj ET Q q 0 0 0 rg BT 76.50 454.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 110.39 454.10 Td (from ) Tj ET Q q 0 0 0 rg BT 132.33 454.10 Td ($75 ) Tj ET Q q 0 0 0 rg BT 149.83 454.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 183.72 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.66 454.10 Td (is ) Tj ET Q q 0 0 0 rg BT 209.83 454.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 243.42 454.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.70 454.10 Td (January ) Tj ET Q q 0 0 0 rg BT 287.30 454.10 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 430.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.67 430.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 144.78 430.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 184.13 430.10 Td (with ) Tj ET Q q 0 0 0 rg BT 204.03 430.10 Td (third ) Tj ET Q q 0 0 0 rg BT 225.05 430.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 253.83 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.29 430.10 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 293.63 430.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 332.96 430.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 368.97 430.10 Td (Japan ) Tj ET Q q 0 0 0 rg BT 393.87 430.10 Td (KK, ) Tj ET Q q 0 0 0 rg BT 412.94 430.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 437.27 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 447.17 430.10 Td (medium-term ) Tj ET Q q 0 0 0 rg BT 503.73 430.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 526.97 430.10 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 418.10 Td (by ) Tj ET Q q 0 0 0 rg BT 66.50 418.10 Td (various ) Tj ET Q q 0 0 0 rg BT 98.44 418.10 Td (local ) Tj ET Q q 0 0 0 rg BT 120.37 418.10 Td (banks, ) Tj ET Q q 0 0 0 rg BT 148.70 418.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 202.85 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 213.13 418.10 Td (Japanese ) Tj ET Q q 0 0 0 rg BT 250.80 418.10 Td (Y) Tj ET Q q 0 0 0 rg BT 257.02 418.10 Td (en ) Tj ET Q q 0 0 0 rg BT 268.96 418.10 Td (with ) Tj ET Q q 0 0 0 rg BT 289.23 418.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 325.62 418.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 348.66 418.10 Td (up ) Tj ET Q q 0 0 0 rg BT 361.16 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 371.44 418.10 Td (November ) Tj ET Q q 0 0 0 rg BT 416.15 418.10 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 394.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 394.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 114.90 394.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 162.58 394.10 Td (have ) Tj ET Q q 0 0 0 rg BT 183.58 394.10 Td (been ) Tj ET Q q 0 0 0 rg BT 204.59 394.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 242.26 394.10 Td (by ) Tj ET Q q 0 0 0 rg BT 254.39 394.10 Td (various ) Tj ET Q q 0 0 0 rg BT 285.96 394.10 Td (other ) Tj ET Q q 0 0 0 rg BT 308.63 394.10 Td (banks, ) Tj ET Q q 0 0 0 rg BT 336.59 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.15 394.10 Td (are ) Tj ET Q q 0 0 0 rg BT 367.49 394.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 406.83 394.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 460.61 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 470.51 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.86 394.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 527.53 394.10 Td (currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 64.83 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 79.55 382.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 104.82 382.10 Td (receiving ) Tj ET Q q 0 0 0 rg BT 144.52 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.24 382.10 Td (financing.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 358.10 Td (Funding ) Tj ET Q q 0 0 0 rg BT 92.63 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.46 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.74 358.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 161.81 358.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 198.18 358.10 Td (Portfolio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 334.10 Td (At ) Tj ET Q q 0 0 0 rg BT 102.89 334.10 Td (September ) Tj ET Q q 0 0 0 rg BT 148.55 334.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 163.94 334.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 189.33 334.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 249.98 334.10 Td (96 ) Tj ET Q q 0 0 0 rg BT 262.88 334.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 295.19 334.10 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 359.17 334.10 Td (99 ) Tj ET Q q 0 0 0 rg BT 372.06 334.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 404.38 334.10 Td (at ) Tj ET Q q 0 0 0 rg BT 414.49 334.10 Td (December ) Tj ET Q q 0 0 0 rg BT 458.46 334.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 473.86 334.10 Td (2014\) ) Tj ET Q q 0 0 0 rg BT 500.08 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.30 334.10 Td (our ) Tj ET Q q 0 0 0 rg BT 527.52 334.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 322.10 Td (services ) Tj ET Q q 0 0 0 rg BT 88.71 322.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 126.20 322.10 Td (was ) Tj ET Q q 0 0 0 rg BT 144.25 322.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 174.52 322.10 Td (through ) Tj ET Q q 0 0 0 rg BT 208.13 322.10 Td (third ) Tj ET Q q 0 0 0 rg BT 229.52 322.10 Td (party ) Tj ET Q q 0 0 0 rg BT 252.56 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.50 322.10 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 326.98 322.10 Td (debt.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 298.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 75.94 298.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 99.56 298.10 Td (Flow) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 274.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 110.32 274.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 132.88 274.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 155.99 274.10 Td (is ) Tj ET Q q 0 0 0 rg BT 165.21 274.10 Td (one ) Tj ET Q q 0 0 0 rg BT 182.21 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.09 274.10 Td (management) Tj ET Q q 0 0 0 rg BT 246.96 274.10 Td (s ) Tj ET Q q 0 0 0 rg BT 253.40 274.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 287.61 274.10 Td (key ) Tj ET Q q 0 0 0 rg BT 304.60 274.10 Td (indicators ) Tj ET Q q 0 0 0 rg BT 346.59 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 356.92 274.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 392.79 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.56 274.10 Td (Group) Tj ET Q q 0 0 0 rg BT 435.89 274.10 Td (s ) Tj ET Q q 0 0 0 rg BT 442.34 274.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 495.42 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.41 274.10 Td (is ) Tj ET Q q 0 0 0 rg BT 521.63 274.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 554.17 274.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 262.10 Td (net ) Tj ET Q q 0 0 0 rg BT 68.34 262.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 88.22 262.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 129.21 262.10 Td (from ) Tj ET Q q 0 0 0 rg BT 150.76 262.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 194.54 262.10 Td (less ) Tj ET Q q 0 0 0 rg BT 211.66 262.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 231.54 262.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 255.88 262.10 Td (used ) Tj ET Q q 0 0 0 rg BT 276.33 262.10 Td (in ) Tj ET Q q 0 0 0 rg BT 286.23 262.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 325.02 262.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 365.58 262.10 Td (The ) Tj ET Q q 0 0 0 rg BT 383.25 262.10 Td (following ) Tj ET Q q 0 0 0 rg BT 424.25 262.10 Td (table ) Tj ET Q q 0 0 0 rg BT 445.80 262.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 462.92 262.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 484.48 262.10 Td (our ) Tj ET Q q 0 0 0 rg BT 499.93 262.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 519.82 262.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 541.94 262.10 Td (Flow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 250.10 Td (for ) Tj ET Q q 0 0 0 rg BT 68.73 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.02 250.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 104.31 250.10 Td (months ) Tj ET Q q 0 0 0 rg BT 136.83 250.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 163.78 250.10 Td (September ) Tj ET Q q 0 0 0 rg BT 209.61 250.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 225.18 250.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 248.25 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 265.76 250.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 291.33 250.10 Td (using ) Tj ET Q q 0 0 0 rg BT 316.08 250.10 Td (information ) Tj ET Q q 0 0 0 rg BT 366.36 250.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 399.42 250.10 Td (from ) Tj ET Q q 0 0 0 rg BT 421.92 250.10 Td (our ) Tj ET Q q 0 0 0 rg BT 438.33 250.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 491.94 250.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 533.33 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 544.73 250.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 238.10 Td (flows.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 165.60 300.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 165.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 165.60 95.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 165.60 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 165.60 95.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 137.60 300.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 137.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 137.60 95.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 137.60 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 137.60 95.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 192.60000000000002 m 453.5 192.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 192.60000000000002 m 463.5 192.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 192.60000000000002 m 558.5 192.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 178.60000000000002 m 453.5 178.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 178.60000000000002 m 558.5 178.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 137.60000000000002 m 453.5 137.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 124.60000000000002 m 453.5 124.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 122.60000000000002 m 453.5 122.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 137.60000000000002 m 558.5 137.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 124.60000000000002 m 558.5 124.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 122.60000000000002 m 558.5 122.60000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 378.00 197.05 Td (For) Tj ET Q q 0 0 0 rg BT 391.83 197.05 Td ( the nine months ended September) Tj ET Q q 0 0 0 rg BT 524.42 197.05 Td ( 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.50 183.05 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.50 183.05 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.75 169.85 Td (\( million\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 156.06 Td (Cash flows from operating activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.50 156.06 Td (534) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.50 156.06 Td (295) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 142.06 Td (Cash flows used in investing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.50 142.06 Td (\(196) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.00 142.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.50 142.06 Td (\(168) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 142.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 128.05 Td (Free Cash Flow) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 436.50 128.05 Td (338) Tj ET Q BT /F2 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BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.05 652.80 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 217.50 642.75 Td (Note) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 282.00 642.75 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.00 642.75 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.00 642.75 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 513.50 642.75 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.85 630.30 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 616.81 Td (Net revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.25 616.81 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.75 616.81 Td (723,146) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.75 616.81 Td (662,520) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.00 616.81 Td (2,109,883) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.00 616.81 Td (2,011,091) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 602.81 Td (Cost of sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.25 602.81 Td (7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.75 602.81 Td (372,277) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.75 602.81 Td (383,963) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.00 602.81 Td (1,094,015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.00 602.81 Td (1,121,909) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 588.81 Td (Selling, general and administrative costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.25 588.81 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.25 588.81 Td (80,193) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.25 588.81 Td (81,468) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.75 588.81 Td (232,293) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 588.81 Td (224,851) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 574.81 Td (Research and development costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.25 574.81 Td (9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.75 574.81 Td (129,821) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.75 574.81 Td (115,729) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.75 574.81 Td (420,927) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 574.81 Td (391,604) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 560.81 Td (Other \(income\)/expenses, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 306.50 560.81 Td (\(547) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.00 560.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.75 560.81 Td (\(7,953) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.00 560.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.75 560.81 Td (3,241) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 560.81 Td (\(1,636) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 560.81 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 546.80 Td (EBIT) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 293.75 546.80 Td (141,402) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 376.25 546.80 Td (89,313) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.75 546.80 Td (359,407) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 546.80 Td (274,363) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 532.81 Td (Net financial income/\(expenses\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 532.81 Td (10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 309.50 532.81 Td (554) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.75 532.81 Td (4,918) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.75 532.81 Td (\(5,408) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.00 532.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 532.81 Td (6,427) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 518.80 Td (Profit before taxes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 293.75 518.80 Td (141,956) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 376.25 518.80 Td (94,231) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.75 518.80 Td (353,999) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 518.80 Td (280,790) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 504.81 Td (Income tax expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 504.81 Td (11) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.25 504.81 Td (47,554) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.25 504.81 Td (36,111) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.75 504.81 Td (118,618) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 504.81 Td (94,755) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 490.80 Td (Profit from continuing operations) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.25 490.80 Td (94,402) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 376.25 490.80 Td (58,120) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.75 490.80 Td (235,381) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 490.80 Td (186,035) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 476.80 Td (Net profit) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.25 476.80 Td (94,402) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 376.25 476.80 Td (58,120) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.75 476.80 Td (235,381) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 476.80 Td (186,035) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 462.80 Td (Net profit attributable to:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.00 448.80 Td (Owners of the parent) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 298.25 448.80 Td (93,965) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 376.25 448.80 Td (56,617) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.75 448.80 Td (233,599) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.75 448.80 Td (182,397) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.00 434.80 Td (Non-controlling interests) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.50 434.80 Td (437) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 380.75 434.80 Td (1,503) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.75 434.80 Td (1,782) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.75 434.80 Td (3,638) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 406.61 Td (Basic and diluted earnings per ordinary) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 397.66 Td (share \(in \)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 399.81 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.25 399.81 Td (0.50) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.25 399.81 Td (0.30) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.25 399.81 Td (1.24) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 399.81 Td (0.97) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 83.85 Td (The accompanying notes are an integral part of the Interim Condensed Consolidated Financial Statements.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.35 719.25 Td (INTERIM CONSOLIDA) Tj ET Q q 0 0 0 rg BT 223.68 719.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 258.23 719.25 Td (A) Tj ET Q q 0 0 0 rg BT 264.71 719.25 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 307.87 719.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 323.88 719.25 Td ( COMPREHENSIVE INCOME/\(LOSS\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 165.15 707.25 Td (for) Tj ET Q q 0 0 0 rg BT 177.74 707.25 Td ( the thr) Tj ET Q q 0 0 0 rg BT 209.22 707.25 Td (ee and nine months ended September) Tj ET Q q 0 0 0 rg BT 368.21 707.25 Td ( 30, 2015 and 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 695.25 Td (\(Unaudited\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 618.35 221.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 618.35 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 618.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 618.35 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg 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w 0 i [] 0 d 0 J 0 j 3 M 305.5 645.35 m 365.5 645.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 645.35 m 369.5 645.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 645.35 m 429.5 645.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 645.35 m 493.5 645.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 645.35 m 497.5 645.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 645.35 m 557.5 645.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 631.35 m 301.5 631.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 645.35 m 365.5 645.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 645.35 m 429.5 645.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 645.35 m 493.5 645.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 645.35 m 557.5 645.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 565.35 m 365.5 565.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 565.35 m 429.5 565.35 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433.5 433.35 m 493.5 433.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 433.35 m 557.5 433.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 419.35 m 365.5 419.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 417.35 m 365.5 417.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 419.35 m 429.5 419.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 417.35 m 429.5 417.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 419.35 m 493.5 419.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 417.35 m 493.5 417.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 419.35 m 557.5 419.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 417.35 m 557.5 417.35 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 315.90 658.80 Td (For the three months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.55 649.80 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.55 658.80 Td (For the nine months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.55 649.80 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 278.50 635.80 Td (Note) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 328.00 635.80 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 392.00 635.80 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.00 635.80 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 520.00 635.80 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.85 622.60 Td (\( thousand\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 608.80 Td (Net profit) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.25 608.80 Td (94,402) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.25 608.80 Td (58,120) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.75 608.80 Td (235,381) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 608.80 Td (186,035) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 593.81 Td (Items that will not be reclassified to the consolidated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 584.81 Td (income statement in subsequent periods:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 569.81 Td (Losses on remeasurement of defined benefit plans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 283.00 569.81 Td (19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 569.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.50 569.81 Td (\(698) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 569.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 569.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.50 569.81 Td (\(698) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 569.81 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 554.80 Td (T) Tj ET Q q 0 0 0 rg BT 61.18 554.80 Td (otal items that will not be r) Tj ET Q q 0 0 0 rg BT 164.50 554.80 Td (eclassified to the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 545.80 Td (consolidated income statement in subsequent periods) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 545.80 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.50 545.80 Td (\(698) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.00 545.80 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.00 545.80 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.50 545.80 Td (\(698) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.00 545.80 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 530.81 Td (Items that may be reclassified to the consolidated income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 521.81 Td (statement in subsequent periods:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 506.81 Td (Gains/\(losses\) on cash flow hedging instruments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 283.00 506.81 Td (19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.25 506.81 Td (39,326) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.25 506.81 Td (\(82,834) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 506.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.25 506.81 Td (\(10,296) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 506.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.75 506.81 Td (\(125,747) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 506.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 491.81 Td (Exchange differences on translating foreign operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 283.00 491.81 Td (19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.75 491.81 Td (\(4,929) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 491.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.25 491.81 Td (23,391) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 491.81 Td (8,836) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 491.81 Td (25,640) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 476.81 Td (Related tax impact) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 283.00 476.81 Td (19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.25 476.81 Td (\(12,341) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 476.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.25 476.81 Td (26,004) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 476.81 Td (3,220) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 476.81 Td (39,478) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 461.80 Td (Total items that may be reclassified to the consolidated) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 452.80 Td (income statement in subsequent periods) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.25 452.80 Td (22,056) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.25 452.80 Td (\(33,439) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.00 452.80 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.75 452.80 Td (1,760) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.25 452.80 Td (\(60,629) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.00 452.80 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 437.80 Td (Total other comprehensive income/\(loss\), net of tax) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.50 437.81 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.25 437.80 Td (22,056) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.25 437.80 Td (\(34,137) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.00 437.80 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.75 437.80 Td (1,760) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.25 437.80 Td (\(61,327) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.00 437.80 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 422.80 Td (Total comprehensive income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 332.75 422.80 Td (116,458) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.25 422.80 Td (23,983) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.75 422.80 Td (237,141) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 422.80 Td (124,708) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 407.80 Td (Total comprehensive income/\(loss\) attributable to:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.00 392.80 Td (Owners of the parent) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.75 392.80 Td (117,494) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.25 392.80 Td (18,088) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 460.75 392.80 Td (234,714) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.75 392.80 Td (116,988) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.00 377.80 Td (Non-controlling interests) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.50 377.81 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.75 377.80 Td (\(1,036) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.00 377.80 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.75 377.80 Td (5,895) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.75 377.80 Td (2,427) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.75 377.80 Td (7,720) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 61.85 Td (The accompanying notes are an integral part of the Interim Condensed Consolidated Financial Statements.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 147.20 719.25 Td (INTERIM CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.53 719.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 289.08 719.25 Td (A) Tj ET Q q 0 0 0 rg BT 295.56 719.25 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 338.72 719.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 354.73 719.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 413.35 719.25 Td ( POSITION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.00 707.25 Td (at September) Tj ET Q q 0 0 0 rg BT 264.75 707.25 Td ( 30, 2015 and December) Tj ET Q q 0 0 0 rg BT 366.50 707.25 Td (31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 695.25 Td (\(Unaudited\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 634.35 296.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 634.35 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 634.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 634.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 634.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 634.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 606.35 296.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 606.35 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 606.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 606.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 606.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 606.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 578.35 296.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 578.35 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 578.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 578.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 578.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 578.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 550.35 296.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 550.35 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 550.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 550.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 550.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 550.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 522.35 296.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 522.35 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 522.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 522.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 522.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 522.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 494.35 296.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 494.35 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 494.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 494.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 494.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 494.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 466.35 296.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 466.35 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 466.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 466.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 466.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 466.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 438.35 296.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 438.35 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 438.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 438.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 438.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 438.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 410.35 296.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 410.35 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 410.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 410.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 410.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 410.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 382.35 296.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 382.35 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 382.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 382.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 382.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 382.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 354.35 296.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 354.35 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 354.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 354.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 354.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 354.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 326.35 296.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 326.35 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 326.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 326.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 326.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 326.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 298.35 296.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 298.35 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 298.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 298.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 298.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 298.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 270.35 296.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 270.35 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 270.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 270.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 270.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 270.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 242.35 296.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 242.35 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 242.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 242.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 242.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 242.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 214.35 296.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 214.35 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 214.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 214.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 214.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 214.35 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 647.35 m 389.5 647.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 647.35 m 473.5 647.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 647.35 m 477.5 647.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 647.35 m 557.5 647.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 647.35 m 473.5 647.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 647.35 m 477.5 647.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 647.35 m 557.5 647.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 550.35 m 473.5 550.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 536.35 m 473.5 536.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 550.35 m 557.5 550.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 536.35 m 557.5 536.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 424.35 m 473.5 424.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 410.35 m 473.5 410.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 424.35 m 557.5 424.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 410.35 m 557.5 410.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 410.35 m 473.5 410.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 396.35 m 473.5 396.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 410.35 m 557.5 410.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 396.35 m 557.5 396.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 340.35 m 473.5 340.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 340.35 m 557.5 340.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 200.35000000000002 m 473.5 200.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 187.35000000000002 m 473.5 187.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 185.35000000000002 m 473.5 185.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 200.35000000000002 m 557.5 200.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 187.35000000000002 m 557.5 187.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 185.35000000000002 m 557.5 185.35000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.00 651.80 Td (Note) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.70 660.80 Td (At September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.00 651.80 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 660.80 Td (At December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.00 651.80 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.85 638.60 Td (\( thousand\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 624.80 Td (Assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 610.81 Td (Goodwill) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 610.81 Td (787,178) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 610.81 Td (787,178) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 596.81 Td (Intangible assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 596.81 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 596.81 Td (285,531) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 596.81 Td (265,262) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 582.81 Td (Property, plant and equipment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 582.81 Td (14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 582.81 Td (596,720) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 582.81 Td (585,185) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 568.81 Td (Investments and other financial assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 568.81 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 568.81 Td (12,863) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 568.81 Td (47,431) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 554.81 Td (Deferred tax assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 554.81 Td (11) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 554.81 Td (132,507) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 554.81 Td (111,716) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 540.80 Td (Total non-current assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 434.00 540.80 Td (1,814,799) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.00 540.80 Td (1,796,772) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 526.81 Td (Inventories) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 526.81 Td (16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 526.81 Td (301,694) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 526.81 Td (296,005) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 512.81 Td (Trade receivables) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 512.81 Td (17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 512.81 Td (135,620) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 512.81 Td (183,642) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 498.81 Td (Receivables from financing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 498.81 Td (17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.00 498.81 Td (1,198,727) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.00 498.81 Td (1,224,446) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 484.81 Td (Current tax receivables) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 484.81 Td (17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 484.81 Td (11,248) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 484.81 Td (3,016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 470.81 Td (Other current assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 470.81 Td (17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 470.81 Td (68,762) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 470.81 Td (52,052) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 456.81 Td (Current financial assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 456.81 Td (18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.75 456.81 Td (7,950) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 456.81 Td (8,747) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 442.81 Td (Deposits in FCA Group cash management pools) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 442.81 Td (17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.00 442.81 Td (1,215,627) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 442.81 Td (942,469) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 428.81 Td (Cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 428.81 Td (190,081) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 428.81 Td (134,278) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 414.80 Td (Total current assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 434.00 414.80 Td (3,129,709) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.00 414.80 Td (2,844,655) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 400.80 Td (Total assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 400.81 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 434.00 400.80 Td (4,944,508) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.00 400.80 Td (4,641,427) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 372.80 Td (Equity and liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 358.81 Td (Equity attributable to owners of the parent) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 358.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.00 358.81 Td (2,701,730) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.00 358.81 Td (2,469,618) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 344.81 Td (Non-controlling interests) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 344.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.75 344.81 Td (5,224) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 344.81 Td (8,695) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 330.80 Td (Total equity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 330.81 Td (19) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 434.00 330.80 Td (2,706,954) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.00 330.80 Td (2,478,313) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 302.81 Td (Employee benefits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 302.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 302.81 Td (74,494) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 302.81 Td (76,814) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 288.81 Td (Provisions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 288.81 Td (20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 288.81 Td (141,670) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 288.81 Td (134,774) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 274.81 Td (Deferred tax liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 274.81 Td (11) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 274.81 Td (19,562) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 274.81 Td (21,612) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 260.81 Td (Debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 260.81 Td (21) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 260.81 Td (579,154) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 260.81 Td (510,220) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 246.81 Td (Other liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 246.81 Td (22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 246.81 Td (631,504) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 246.81 Td (670,378) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 232.81 Td (Other financial liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 232.81 Td (18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 232.81 Td (119,418) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 232.81 Td (104,093) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 218.81 Td (Trade payables) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 218.81 Td (23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 218.81 Td (448,568) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 218.81 Td (535,707) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 204.81 Td (Current tax payables) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 204.81 Td (223,184) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 204.81 Td (109,516) Tj ET Q BT /F2 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.75 719.25 Td (INTERIM CONSOLIDA) Tj ET Q q 0 0 0 rg BT 275.08 719.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 309.63 719.25 Td (A) Tj ET Q q 0 0 0 rg BT 316.11 719.25 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 359.27 719.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 375.28 719.25 Td ( CASH FLOWS ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.70 707.25 Td (for) Tj ET Q q 0 0 0 rg BT 199.29 707.25 Td ( the nine months ended September) Tj ET Q q 0 0 0 rg BT 346.61 707.25 Td ( 30, 2015 and 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 695.25 Td (\(Unaudited\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 54.00 680.85 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 620.35 370.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 620.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 620.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 620.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 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j 3 M 423.5 104.35000000000002 m 488.5 104.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 119.35000000000002 m 557.5 119.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 106.35000000000002 m 557.5 106.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 104.35000000000002 m 557.5 104.35000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.55 660.80 Td (For the nine months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.55 651.80 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 448.50 637.80 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.50 637.80 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.85 624.60 Td (\( thousand\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 610.80 Td (Cash and cash equivalents at beginning of the period) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.75 610.80 Td (134,278) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 610.80 Td (113,786) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 596.80 Td (Cash flows from operating activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 582.81 Td (Profit before taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.75 582.81 Td (353,999) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 582.81 Td (280,790) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 568.81 Td (Amortization and depreciation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.75 568.81 Td (202,742) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 568.81 Td (211,147) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 554.81 Td (Provision accruals) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.25 554.81 Td (34,012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 554.81 Td (47,813) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 540.81 Td (Other non-cash expense and income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.25 540.81 Td (38,485) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 540.81 Td (22,949) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 526.81 Td (Net gains on disposal of property) Tj ET Q q 0 0 0 rg BT 181.14 526.81 Td (, plant and equipment, intangible assets and investment properties) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.75 526.81 Td (\(6,964) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 526.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.50 526.81 Td (\(742) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 526.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 512.81 Td (Change in inventories) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.25 512.81 Td (\(10,922) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 512.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 512.81 Td (\(58,475) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 512.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 498.81 Td (Change in trade receivables) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.25 498.81 Td (35,026) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 498.81 Td (16,726) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 484.81 Td (Change in trade payables) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.75 484.81 Td (\(100,482) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 484.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 484.81 Td (\(68,552) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 484.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 470.81 Td (Change in receivables from financing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.25 470.81 Td (81,565) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 470.81 Td (\(19,709) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 470.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 456.81 Td (Change in other operating assets and liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.25 456.81 Td (\(66,529) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 456.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.75 456.81 Td (\(120,205) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 456.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 442.81 Td (Income tax paid) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.25 442.81 Td (\(26,878) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 442.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 442.81 Td (\(16,314) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 442.81 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 428.80 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.75 428.80 Td (534,054) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 428.80 Td (295,428) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 401.80 Td (Cash flows used in investing activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 387.81 Td (Investments in property, plant and equipment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.75 387.81 Td (\(119,092) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 387.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 387.81 Td (\(96,001) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 387.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 373.81 Td (Investments in intangible assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.75 373.81 Td (\(115,176) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 373.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.75 373.81 Td (\(111,330) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 373.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 359.81 Td (Change in investments and other financial assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.50 359.81 Td (\(370) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 359.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 359.81 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 345.81 Td (Cash acquired in change in scope of consolidation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 345.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 345.81 Td (38,751) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 331.81 Td (Proceeds from the sale of property, plant and equipment and intangible assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 331.81 Td (1,370) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.50 331.81 Td (781) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 317.81 Td (Proceeds from the sale of assets and liabilities related to investment properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.75 317.61 Td (.................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.25 317.81 Td (37,130) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 317.81 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 303.80 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.75 303.80 Td (\(196,138) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.00 303.80 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 521.75 303.80 Td (\(167,793) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.00 303.80 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 276.80 Td (Cash flows used in financing activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 262.81 Td (Proceeds from bank borrowings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.25 262.81 Td (84,645) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 262.81 Td (70,537) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 248.81 Td (Repayment of bank borrowings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.25 248.81 Td (\(19,695) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 248.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 248.81 Td (\(5,633) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 248.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 234.81 Td (Net change in financial liabilities with FCA Group) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.25 234.81 Td (\(31,065) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 234.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 234.81 Td (65,593) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 220.81 Td (Net change in other debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.75 220.81 Td (\(9,496) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 220.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 220.81 Td (\(17,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 220.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 206.81 Td (Net change in deposits in FCA Group cash management pools) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.75 206.81 Td (\(263,617) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 206.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.75 206.81 Td (\(198,157) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 206.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 192.81 Td (Acquisition of non-controlling interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.75 192.81 Td (\(8,500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 192.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 192.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 178.81 Td (Dividends paid to non-controlling interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.25 178.81 Td (\(40,766) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 178.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 178.81 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 164.80 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.75 164.80 Td (\(288,494) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.00 164.80 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.25 164.80 Td (\(85,311) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.00 164.80 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 137.81 Td (Translation exchange differences) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 137.81 Td (6,381) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 137.81 Td (8,093) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 123.80 Td (Total change in cash and cash equivalents) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.25 123.80 Td (55,803) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.25 123.80 Td (50,417) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 109.80 Td (Cash and cash equivalents at end of the period) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.75 109.80 Td (190,081) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 109.80 Td (164,203) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 81.85 Td (The accompanying notes are an integral part of the Interim Condensed Consolidated Financial Statements.) Tj ET Q endstream endobj 73 0 obj <> endobj 74 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 41.20 Td (F-33) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.85 731.25 Td (FERRARI N.V) Tj ET Q q 0 0 0 rg BT 336.56 731.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.75 719.25 Td (INTERIM CONSOLIDA) Tj ET Q q 0 0 0 rg BT 253.08 719.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 287.63 719.25 Td (A) Tj ET Q q 0 0 0 rg BT 294.11 719.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 359.03 719.25 Td ( CHANGES IN EQUITY) Tj ET Q q 0 0 0 rg BT 466.17 719.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.70 707.25 Td (for) Tj ET Q q 0 0 0 rg BT 199.29 707.25 Td ( the nine months ended September) Tj ET Q q 0 0 0 rg BT 346.61 707.25 Td ( 30, 2015 and 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 695.25 Td (\(Unaudited\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 77.50 608.35 100.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.50 608.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 608.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 608.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 608.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 608.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 608.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 608.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 608.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 608.35 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 608.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 608.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 608.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 608.35 44.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 77.50 582.35 100.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 77.50 547.35 100.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.50 547.35 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 547.35 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 547.35 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 547.35 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 547.35 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 547.35 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 547.35 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 547.35 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 547.35 68.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 547.35 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 547.35 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 547.35 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 547.35 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 77.50 511.35 100.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.50 511.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 511.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 511.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 511.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 511.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 511.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 511.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 511.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 511.35 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 511.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 511.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 511.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 511.35 44.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 657.35 m 221.5 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 657.35 m 225.5 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 657.35 m 269.5 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 657.35 m 273.5 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 657.35 m 317.5 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 657.35 m 321.5 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 657.35 m 365.5 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 657.35 m 369.5 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 657.35 m 437.5 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 620.35 m 221.5 620.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 620.35 m 269.5 620.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 620.35 m 317.5 620.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 620.35 m 365.5 620.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 620.35 m 437.5 620.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 620.35 m 485.5 620.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 620.35 m 533.5 620.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 511.35 m 221.5 511.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 499.35 m 221.5 499.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 497.35 m 221.5 497.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 511.35 m 269.5 511.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 499.35 m 269.5 499.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 497.35 m 269.5 497.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 511.35 m 317.5 511.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 499.35 m 317.5 499.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 497.35 m 317.5 497.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 511.35 m 365.5 511.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 499.35 m 365.5 499.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 497.35 m 365.5 497.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 511.35 m 437.5 511.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 499.35 m 437.5 499.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 497.35 m 437.5 497.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 511.35 m 485.5 511.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 499.35 m 485.5 499.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 497.35 m 485.5 497.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 511.35 m 533.5 511.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 499.35 m 533.5 499.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 497.35 m 533.5 497.35 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.15 661.58 Td (Attributable to owners of the parent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.05 632.58 Td (Share) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 187.40 624.58 Td (capital) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.65 648.58 Td (Retained ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 232.30 640.58 Td (earnings ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 230.50 632.58 Td (and other) Tj ET Q q 0 0 0 rg BT 263.47 632.58 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.05 624.58 Td (r) Tj ET Q q 0 0 0 rg BT 236.46 624.58 Td (eserves) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.95 640.58 Td (Cash flow) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.00 632.58 Td (hedge) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.60 624.58 Td (reserve) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.60 640.58 Td (Currency) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.30 632.58 Td (translation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.40 624.58 Td (differences) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.30 640.58 Td (Remeasurement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.20 632.58 Td (of defined benefit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.85 624.58 Td (plans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.55 640.58 Td (Non-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.40 632.58 Td (controlling) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.60 624.58 Td (interests) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.25 624.58 Td (Total) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 340.90 612.40 Td (\( thousand\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 80.00 599.58 Td (At December 31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 200.25 599.58 Td (3,778) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.25 599.58 Td (2,242,315) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.25 599.58 Td (43,196) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.25 599.58 Td (4,477) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.60 599.58 Td (\(4,260) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.30 599.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.25 599.58 Td (26,776) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.25 599.58 Td (2,316,282) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 80.00 586.60 Td (Dividends declared) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 210.30 586.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 258.30 586.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 586.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.30 586.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.30 586.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.60 586.60 Td (\(72,704) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.30 586.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.60 586.60 Td (\(72,704) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.30 586.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 80.00 572.60 Td (T) Tj ET Q q 0 0 0 rg BT 84.61 572.60 Td (ransaction with non-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 80.00 564.60 Td (controlling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 564.30 Td (................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 210.30 564.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.60 564.60 Td (\(1,263) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.30 564.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 564.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.30 564.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.30 564.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.25 564.60 Td (54,024) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.25 564.60 Td (52,761) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 80.00 551.60 Td (Net profit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 210.30 551.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 240.25 551.60 Td (182,397) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 551.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.30 551.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.30 551.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.25 551.60 Td (3,638) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.25 551.60 Td (186,035) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 80.00 538.60 Td (Other comprehensive \(loss\)/) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 80.00 530.60 Td (income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 210.30 530.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 258.30 530.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.60 530.60 Td (\(86,269) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 530.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.25 530.60 Td (21,558) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.60 530.60 Td (\(698) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.30 530.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.25 530.60 Td (4,082) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.60 530.60 Td (\(61,327) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.30 530.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 80.00 515.60 Td (Reclassification ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 133.09 519.23 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 210.30 515.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.25 515.60 Td (1,191) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 515.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.30 515.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.60 515.60 Td (\(1,191) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.30 515.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 515.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.30 515.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 80.00 502.58 Td (At September 30, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 200.25 502.58 Td (3,778) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.25 502.58 Td (2,424,640) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.60 502.58 Td (\(43,073) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.30 502.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.25 502.58 Td (26,035) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.60 502.58 Td (\(6,149) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.30 502.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.25 502.58 Td (15,816) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.25 502.58 Td (2,421,047) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 77.50 414.35 100.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.50 414.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 414.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 414.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 414.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 414.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 414.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 414.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 414.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 414.35 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 414.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 414.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 414.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 414.35 44.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 77.50 401.35 100.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 77.50 383.35 100.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.50 383.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 383.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 383.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 383.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 383.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 383.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 383.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 383.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 383.35 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 383.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 383.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 383.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 383.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 77.50 349.35 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.50 349.35 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 349.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 349.35 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 349.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 349.35 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 349.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 349.35 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 349.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 349.35 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 349.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 349.35 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 349.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 349.35 44.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 463.35 m 221.5 463.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 463.35 m 269.5 463.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 463.35 m 317.5 463.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 463.35 m 365.5 463.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 463.35 m 437.5 463.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 463.35 m 221.5 463.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 426.35 m 221.5 426.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 463.35 m 225.5 463.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 463.35 m 269.5 463.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 426.35 m 269.5 426.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 463.35 m 273.5 463.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 463.35 m 317.5 463.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 426.35 m 317.5 426.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 463.35 m 321.5 463.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 463.35 m 365.5 463.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 426.35 m 365.5 426.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 463.35 m 369.5 463.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 463.35 m 437.5 463.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 426.35 m 437.5 426.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 426.35 m 485.5 426.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 426.35 m 533.5 426.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 334.35 m 221.5 334.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 322.35 m 221.5 322.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 320.35 m 221.5 320.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 334.35 m 269.5 334.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 322.35 m 269.5 322.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 320.35 m 269.5 320.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 334.35 m 317.5 334.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 322.35 m 317.5 322.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 320.35 m 317.5 320.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 334.35 m 365.5 334.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 322.35 m 365.5 322.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 320.35 m 365.5 320.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 334.35 m 437.5 334.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 322.35 m 437.5 322.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 320.35 m 437.5 320.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 334.35 m 485.5 334.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 322.35 m 485.5 322.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 320.35 m 485.5 320.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 334.35 m 533.5 334.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 322.35 m 533.5 322.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 320.35 m 533.5 320.35 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.15 467.58 Td (Attributable to owners of the parent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.05 438.58 Td (Share) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 187.40 430.58 Td (capital) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.65 454.58 Td (Retained ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 232.30 446.58 Td (earnings ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 230.50 438.58 Td (and other) Tj ET Q q 0 0 0 rg BT 263.47 438.58 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.05 430.58 Td (r) Tj ET Q q 0 0 0 rg BT 236.46 430.58 Td (eserves) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.95 446.58 Td (Cash flow) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.00 438.58 Td (hedge) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.60 430.58 Td (reserve) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.60 446.58 Td (Currency) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.30 438.58 Td (translation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.40 430.58 Td (differences) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.30 446.58 Td (Remeasurement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.20 438.58 Td (of defined benefit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.85 430.58 Td (plans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.55 446.58 Td (Non-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.40 438.58 Td (controlling) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.60 430.58 Td (interests) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.25 430.58 Td (Total) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 340.90 418.40 Td (\( thousand\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 80.00 405.58 Td (At December 31, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 200.25 405.58 Td (3,778) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.25 405.58 Td (2,503,614) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.60 405.58 Td (\(58,557) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.30 405.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.25 405.58 Td (29,912) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.60 405.58 Td (\(9,129) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.30 405.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.25 405.58 Td (8,695) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.25 405.58 Td (2,478,313) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 80.00 393.30 Td (T) Tj ET Q q 0 0 0 rg BT 84.61 393.30 Td (ransaction with non-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 80.00 385.35 Td (controlling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 385.35 Td (................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 210.30 387.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.60 387.60 Td (\(2,602) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.30 387.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 387.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.30 387.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.30 387.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.60 387.60 Td (\(5,898) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.30 387.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.60 387.60 Td (\(8,500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.30 387.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 80.00 374.60 Td (Net profit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 210.30 374.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 240.25 374.60 Td (233,599) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 374.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.30 374.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.30 374.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.25 374.60 Td (1,782) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.25 374.60 Td (235,381) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 80.00 361.60 Td (Other comprehensive \(loss\)/) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 80.00 353.60 Td (income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 210.30 353.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 258.30 353.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.60 353.60 Td (\(7,076) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 353.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.25 353.60 Td (8,191) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.30 353.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.25 353.60 Td (645) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.25 353.60 Td (1,760) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 80.00 338.60 Td (Reclassification ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 133.09 342.23 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 210.30 338.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.60 338.60 Td (\(2,117) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.30 338.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 338.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.30 338.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.30 338.60 Td (2,117) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 338.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.30 338.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 80.00 325.58 Td (At September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 200.25 325.58 Td (3,778) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.25 325.58 Td (2,732,494) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.60 325.58 Td (\(65,633) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.30 325.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.25 325.58 Td (38,103) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.60 325.58 Td (\(7,012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.30 325.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.25 325.58 Td (5,224) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.25 325.58 Td (2,706,954) Tj ET Q BT /F1 10.00 Tf ET BT /F1 7.00 Tf ET q 0 0 0 rg BT 54.00 297.85 Td ( \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.66 297.85 Td ( ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 89.16 297.85 Td (Relates to the reclassification of the actuarial gain/\(loss\) recognized on the remeasurement of the defined benefit pension plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 81.85 Td (The accompanying notes are an integral part of the Interim Condensed Consolidated Financial Statements. ) Tj ET Q endstream endobj 75 0 obj <> endobj 76 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.85 760.75 Td (FERRARI N.V) Tj ET Q q 0 0 0 rg BT 336.56 760.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.20 748.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 143.42 748.75 Td (T) Tj ET Q q 0 0 0 rg BT 149.91 748.75 Td (O ) Tj ET Q q 0 0 0 rg BT 160.01 748.75 Td (THE INTERIM CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 356.24 748.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 435.42 748.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 449.41 748.75 Td (A) Tj ET Q q 0 0 0 rg BT 455.89 748.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 736.75 Td (\(Unaudited\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-34) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 701.25 Td (1. BACKGROUND ) Tj ET Q q 0 0 0 rg BT 144.28 701.25 Td (AND GENERAL) Tj ET Q q 0 0 0 rg BT 217.35 701.25 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 267.99 701.25 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 689.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 677.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 677.25 Td (Fiat ) Tj ET Q q 0 0 0 rg BT 108.91 677.25 Td (S.p.A., ) Tj ET Q q 0 0 0 rg BT 140.04 677.25 Td (\(mer) Tj ET Q q 0 0 0 rg BT 158.73 677.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 176.52 677.25 Td (with ) Tj ET Q q 0 0 0 rg BT 197.65 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 215.43 677.25 Td (into ) Tj ET Q q 0 0 0 rg BT 234.34 677.25 Td (Fiat ) Tj ET Q q 0 0 0 rg BT 253.25 677.25 Td (Chrysler ) Tj ET Q q 0 0 0 rg BT 290.29 677.25 Td (Automobiles ) Tj ET Q q 0 0 0 rg BT 345.31 677.25 Td (N.V) Tj ET Q q 0 0 0 rg BT 360.96 677.25 Td (. ) Tj ET Q q 0 0 0 rg BT 366.81 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 377.94 677.25 Td (October ) Tj ET Q q 0 0 0 rg BT 413.49 677.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 439.34 677.25 Td (Fiat ) Tj ET Q q 0 0 0 rg BT 458.25 677.25 Td (S.p.A. ) Tj ET Q q 0 0 0 rg BT 486.88 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 504.67 677.25 Td (Fiat ) Tj ET Q q 0 0 0 rg BT 523.57 677.25 Td (Chrysler ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 665.25 Td (Automobiles ) Tj ET Q q 0 0 0 rg BT 108.30 665.25 Td (are ) Tj ET Q q 0 0 0 rg BT 123.15 665.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 155.77 665.25 Td (as ) Tj ET Q q 0 0 0 rg BT 166.74 665.25 Td (FCA ) Tj ET Q q 0 0 0 rg BT 197.71 665.25 Td (as ) Tj ET Q q 0 0 0 rg BT 208.68 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 223.53 665.25 Td (context ) Tj ET Q q 0 0 0 rg BT 255.60 665.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 290.45 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 307.53 665.25 Td (together ) Tj ET Q q 0 0 0 rg BT 342.93 665.25 Td (with ) Tj ET Q q 0 0 0 rg BT 363.34 665.25 Td (their ) Tj ET Q q 0 0 0 rg BT 384.31 665.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 434.16 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 449.02 665.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 472.36 665.25 Td ( ) Tj ET Q q 0 0 0 rg BT 475.00 665.25 Td (Group\) ) Tj ET Q q 0 0 0 rg BT 510.95 665.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 548.02 665.25 Td (50 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 653.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 85.07 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 95.04 653.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 123.89 653.25 Td (S.p.A. ) Tj ET Q q 0 0 0 rg BT 150.82 653.25 Td (in ) Tj ET Q q 0 0 0 rg BT 160.24 653.25 Td (1969, ) Tj ET Q q 0 0 0 rg BT 184.38 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 200.46 653.25 Td (over ) Tj ET Q q 0 0 0 rg BT 219.87 653.25 Td (time ) Tj ET Q q 0 0 0 rg BT 239.29 653.25 Td (expanded ) Tj ET Q q 0 0 0 rg BT 279.25 653.25 Td (this ) Tj ET Q q 0 0 0 rg BT 295.34 653.25 Td (shareholding ) Tj ET Q q 0 0 0 rg BT 348.64 653.25 Td (to ) Tj ET Q q 0 0 0 rg BT 358.06 653.25 Td (90 ) Tj ET Q q 0 0 0 rg BT 369.70 653.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 400.77 653.25 Td (ownership. ) Tj ET Q q 0 0 0 rg BT 446.45 653.25 Td (The ) Tj ET Q q 0 0 0 rg BT 463.64 653.25 Td (90 ) Tj ET Q q 0 0 0 rg BT 475.29 653.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 506.35 653.25 Td (shareholding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.25 Td (was ) Tj ET Q q 0 0 0 rg BT 72.19 641.25 Td (held ) Tj ET Q q 0 0 0 rg BT 92.05 641.25 Td (by ) Tj ET Q q 0 0 0 rg BT 104.70 641.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 123.60 641.25 Td ( ) Tj ET Q q 0 0 0 rg BT 126.24 641.25 Td (until ) Tj ET Q q 0 0 0 rg BT 147.22 641.25 Td (October ) Tj ET Q q 0 0 0 rg BT 182.07 641.25 Td (17, ) Tj ET Q q 0 0 0 rg BT 197.21 641.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 222.36 641.25 Td (while ) Tj ET Q q 0 0 0 rg BT 247.22 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.08 641.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 305.26 641.25 Td (10 ) Tj ET Q q 0 0 0 rg BT 317.90 641.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 349.97 641.25 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 414.83 641.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 446.90 641.25 Td (was ) Tj ET Q q 0 0 0 rg BT 465.10 641.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 494.40 641.25 Td (by ) Tj ET Q q 0 0 0 rg BT 507.04 641.25 Td (Piero ) Tj ET Q q 0 0 0 rg BT 530.80 641.25 Td (Ferrari ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 629.25 Td (until ) Tj ET Q q 0 0 0 rg BT 74.83 629.25 Td (October ) Tj ET Q q 0 0 0 rg BT 109.54 629.25 Td (17, ) Tj ET Q q 0 0 0 rg BT 124.54 629.25 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 617.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 605.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 605.25 Td (On ) Tj ET Q q 0 0 0 rg BT 104.47 605.25 Td (October ) Tj ET Q q 0 0 0 rg BT 138.93 605.25 Td (29, ) Tj ET Q q 0 0 0 rg BT 153.68 605.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 178.43 605.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 197.33 605.25 Td ( ) Tj ET Q q 0 0 0 rg BT 199.58 605.25 Td (announced ) Tj ET Q q 0 0 0 rg BT 245.15 605.25 Td (its ) Tj ET Q q 0 0 0 rg BT 256.84 605.25 Td (intention ) Tj ET Q q 0 0 0 rg BT 294.65 605.25 Td (to ) Tj ET Q q 0 0 0 rg BT 304.67 605.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 339.68 605.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 369.13 605.25 Td (S.p.A. ) Tj ET Q q 0 0 0 rg BT 396.67 605.25 Td (from ) Tj ET Q q 0 0 0 rg BT 418.36 605.25 Td (FCA. ) Tj ET Q q 0 0 0 rg BT 442.40 605.25 Td (The ) Tj ET Q q 0 0 0 rg BT 460.19 605.25 Td (separation ) Tj ET Q q 0 0 0 rg BT 503.54 605.25 Td (is ) Tj ET Q q 0 0 0 rg BT 512.46 605.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 550.24 605.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 593.25 Td (occur ) Tj ET Q q 0 0 0 rg BT 79.25 593.25 Td (through ) Tj ET Q q 0 0 0 rg BT 113.39 593.25 Td (a ) Tj ET Q q 0 0 0 rg BT 120.87 593.25 Td (series ) Tj ET Q q 0 0 0 rg BT 146.68 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.05 593.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 208.85 593.25 Td (\(together ) Tj ET Q q 0 0 0 rg BT 247.99 593.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 281.01 593.25 Td (as ) Tj ET Q q 0 0 0 rg BT 292.38 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.64 593.25 Td (Separation\) ) Tj ET Q q 0 0 0 rg BT 365.65 593.25 Td (including ) Tj ET Q q 0 0 0 rg BT 406.46 593.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 418.94 593.25 Td (an ) Tj ET Q q 0 0 0 rg BT 431.42 593.25 Td (intra-group ) Tj ET Q q 0 0 0 rg BT 479.44 593.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 533.58 593.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 581.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 88.04 581.25 Td (in ) Tj ET Q q 0 0 0 rg BT 98.20 581.25 Td (our ) Tj ET Q q 0 0 0 rg BT 113.92 581.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 160.18 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 170.90 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.50 581.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 211.21 581.25 Td (and ) Tj ET Q q 0 0 0 rg BT 228.04 581.25 Td (business ) Tj ET Q q 0 0 0 rg BT 264.31 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.03 581.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 304.62 581.25 Td (North ) Tj ET Q q 0 0 0 rg BT 330.33 581.25 Td (Europe ) Tj ET Q q 0 0 0 rg BT 361.59 581.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 395.64 581.25 Td (and ) Tj ET Q q 0 0 0 rg BT 412.46 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.06 581.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 459.98 581.25 Td (by ) Tj ET Q q 0 0 0 rg BT 472.37 581.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 491.27 581.25 Td ( ) Tj ET Q q 0 0 0 rg BT 493.65 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 504.37 581.25 Td (its ) Tj ET Q q 0 0 0 rg BT 516.20 581.25 Td (90 ) Tj ET Q q 0 0 0 rg BT 528.58 581.25 Td (percent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 569.25 Td (shareholding ) Tj ET Q q 0 0 0 rg BT 107.81 569.25 Td (in ) Tj ET Q q 0 0 0 rg BT 117.75 569.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 147.12 569.25 Td (S.p.A. ) Tj ET Q q 0 0 0 rg BT 174.56 569.25 Td (to ) Tj ET Q q 0 0 0 rg BT 184.50 569.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 213.87 569.25 Td (N.V) Tj ET Q q 0 0 0 rg BT 229.52 569.25 Td (. ) Tj ET Q q 0 0 0 rg BT 234.18 569.25 Td (\(herein ) Tj ET Q q 0 0 0 rg BT 264.66 569.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 298.45 569.25 Td (to ) Tj ET Q q 0 0 0 rg BT 308.39 569.25 Td (as ) Tj ET Q q 0 0 0 rg BT 318.88 569.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 357.12 569.25 Td (or ) Tj ET Q q 0 0 0 rg BT 367.61 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.99 569.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 431.91 569.25 Td (and ) Tj ET Q q 0 0 0 rg BT 448.51 569.25 Td (together ) Tj ET Q q 0 0 0 rg BT 483.43 569.25 Td (with ) Tj ET Q q 0 0 0 rg BT 503.37 569.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 532.74 569.25 Td (S.p.A. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 71.07 557.25 Td (its ) Tj ET Q q 0 0 0 rg BT 83.16 557.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 133.01 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.86 557.25 Td (Group\), ) Tj ET Q q 0 0 0 rg BT 190.75 557.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 205.60 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 220.45 557.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 253.62 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 264.59 557.25 Td (Piero ) Tj ET Q q 0 0 0 rg BT 288.33 557.25 Td (Ferrari) Tj ET Q q 0 0 0 rg BT 318.32 557.25 Td (s ) Tj ET Q q 0 0 0 rg BT 324.84 557.25 Td (10 ) Tj ET Q q 0 0 0 rg BT 337.48 557.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 369.53 557.25 Td (shareholding ) Tj ET Q q 0 0 0 rg BT 423.82 557.25 Td (in ) Tj ET Q q 0 0 0 rg BT 434.24 557.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 464.08 557.25 Td (S.p.A. ) Tj ET Q q 0 0 0 rg BT 492.00 557.25 Td (to ) Tj ET Q q 0 0 0 rg BT 502.41 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.26 557.25 Td (Company) Tj ET Q q 0 0 0 rg BT 555.50 557.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 545.25 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 71.27 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 85.76 545.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 111.36 545.25 Td (public ) Tj ET Q q 0 0 0 rg BT 138.63 545.25 Td (of) Tj ET Q q 0 0 0 rg BT 146.78 545.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 172.93 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 183.53 545.25 Td (common ) Tj ET Q q 0 0 0 rg BT 220.80 545.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 248.06 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.67 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.16 545.25 Td (Company) Tj ET Q q 0 0 0 rg BT 311.39 545.25 Td (, ) Tj ET Q q 0 0 0 rg BT 316.17 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 332.88 545.25 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 349.59 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 364.08 545.25 Td (distribution, ) Tj ET Q q 0 0 0 rg BT 414.96 545.25 Td (following ) Tj ET Q q 0 0 0 rg BT 456.12 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 470.61 545.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 496.22 545.25 Td (public ) Tj ET Q q 0 0 0 rg BT 523.48 545.25 Td (of) Tj ET Q q 0 0 0 rg BT 531.63 545.25 Td (fering, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 64.73 533.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 83.08 533.25 Td () Tj ET Q q 0 0 0 rg BT 85.86 533.25 Td (s ) Tj ET Q q 0 0 0 rg BT 92.15 533.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 135.10 533.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 166.94 533.25 Td (in ) Tj ET Q q 0 0 0 rg BT 177.12 533.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 206.73 533.25 Td (to ) Tj ET Q q 0 0 0 rg BT 216.92 533.25 Td (its ) Tj ET Q q 0 0 0 rg BT 228.77 533.25 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 283.68 533.25 Td (After ) Tj ET Q q 0 0 0 rg BT 307.19 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 321.81 533.25 Td (Separation, ) Tj ET Q q 0 0 0 rg BT 369.48 533.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 399.09 533.25 Td (will ) Tj ET Q q 0 0 0 rg BT 417.05 533.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 448.88 533.25 Td (as ) Tj ET Q q 0 0 0 rg BT 459.61 533.25 Td (an ) Tj ET Q q 0 0 0 rg BT 471.46 533.25 Td (independent, ) Tj ET Q q 0 0 0 rg BT 525.23 533.25 Td (publicly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 521.25 Td (traded ) Tj ET Q q 0 0 0 rg BT 81.49 521.25 Td (company) Tj ET Q q 0 0 0 rg BT 117.49 521.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 509.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 497.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 497.25 Td (The ) Tj ET Q q 0 0 0 rg BT 106.98 497.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 156.17 497.25 Td (described ) Tj ET Q q 0 0 0 rg BT 195.92 497.25 Td (above ) Tj ET Q q 0 0 0 rg BT 221.23 497.25 Td (in ) Tj ET Q q 0 0 0 rg BT 230.43 497.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 241.30 497.25 Td (and ) Tj ET Q q 0 0 0 rg BT 257.17 497.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 270.82 497.25 Td (\(which ) Tj ET Q q 0 0 0 rg BT 300.02 497.25 Td (are ) Tj ET Q q 0 0 0 rg BT 313.66 497.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 346.72 497.25 Td (collectively ) Tj ET Q q 0 0 0 rg BT 394.80 497.25 Td (to ) Tj ET Q q 0 0 0 rg BT 404.01 497.25 Td (as ) Tj ET Q q 0 0 0 rg BT 413.77 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.42 497.25 Td (Restructuring\) ) Tj ET Q q 0 0 0 rg BT 495.49 497.25 Td (were ) Tj ET Q q 0 0 0 rg BT 516.35 497.25 Td (completed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 485.25 Td (on ) Tj ET Q q 0 0 0 rg BT 66.50 485.25 Td (October ) Tj ET Q q 0 0 0 rg BT 101.21 485.25 Td (17, ) Tj ET Q q 0 0 0 rg BT 116.21 485.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 138.71 485.25 Td (through ) Tj ET Q q 0 0 0 rg BT 172.32 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.03 485.25 Td (following ) Tj ET Q q 0 0 0 rg BT 228.42 485.25 Td (steps:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 461.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 461.25 Td (The ) Tj ET Q q 0 0 0 rg BT 126.18 461.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 167.70 461.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 204.76 461.25 Td (from ) Tj ET Q q 0 0 0 rg BT 226.83 461.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 256.67 461.25 Td (North ) Tj ET Q q 0 0 0 rg BT 282.63 461.25 Td (Europe ) Tj ET Q q 0 0 0 rg BT 314.14 461.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 348.44 461.25 Td (its ) Tj ET Q q 0 0 0 rg BT 360.52 461.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 386.48 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 403.55 461.25 Td (business ) Tj ET Q q 0 0 0 rg BT 440.08 461.25 Td (of ) Tj ET Q q 0 0 0 rg BT 451.04 461.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 492.56 461.25 Td (sales, ) Tj ET Q q 0 0 0 rg BT 517.13 461.25 Td (after) Tj ET Q q 0 0 0 rg BT 535.25 461.25 Td (-sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 449.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.06 449.25 Td (support ) Tj ET Q q 0 0 0 rg BT 157.68 449.25 Td (services ) Tj ET Q q 0 0 0 rg BT 192.51 449.25 Td (for ) Tj ET Q q 0 0 0 rg BT 206.79 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.63 449.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 251.46 449.25 Td (brand ) Tj ET Q q 0 0 0 rg BT 276.85 449.25 Td (and ) Tj ET Q q 0 0 0 rg BT 293.91 449.25 Td (in ) Tj ET Q q 0 0 0 rg BT 304.31 449.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 344.69 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.53 449.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 401.04 449.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 428.66 449.25 Td (to ) Tj ET Q q 0 0 0 rg BT 439.06 449.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 468.89 449.25 Td (North ) Tj ET Q q 0 0 0 rg BT 494.84 449.25 Td (Europe ) Tj ET Q q 0 0 0 rg BT 526.34 449.25 Td (Limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 437.25 Td (a ) Tj ET Q q 0 0 0 rg BT 114.94 437.25 Td (note ) Tj ET Q q 0 0 0 rg BT 134.66 437.25 Td (in ) Tj ET Q q 0 0 0 rg BT 144.93 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 159.65 437.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 197.69 437.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 230.19 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.02 437.25 Td (2.8 ) Tj ET Q q 0 0 0 rg BT 261.02 437.25 Td (million ) Tj ET Q q 0 0 0 rg BT 292.41 437.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 310.46 437.25 Td (FNE ) Tj ET Q q 0 0 0 rg BT 336.29 437.25 Td (Note\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 413.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 413.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 126.90 413.25 Td ( ) Tj ET Q q 0 0 0 rg BT 129.65 413.25 Td (transferred ) Tj ET Q q 0 0 0 rg BT 175.71 413.25 Td (to ) Tj ET Q q 0 0 0 rg BT 186.24 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.21 413.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 242.85 413.25 Td (all ) Tj ET Q q 0 0 0 rg BT 255.60 413.25 Td (of ) Tj ET Q q 0 0 0 rg BT 266.68 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.65 413.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 309.41 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 326.60 413.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 376.02 413.25 Td (share ) Tj ET Q q 0 0 0 rg BT 399.87 413.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 429.27 413.25 Td (that ) Tj ET Q q 0 0 0 rg BT 447.02 413.25 Td (it ) Tj ET Q q 0 0 0 rg BT 455.33 413.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 500.30 413.25 Td (held ) Tj ET Q q 0 0 0 rg BT 520.27 413.25 Td (in ) Tj ET Q q 0 0 0 rg BT 530.80 413.25 Td (Ferrari ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 401.25 Td (S.p.A. ) Tj ET Q q 0 0 0 rg BT 135.22 401.25 Td (\(representing ) Tj ET Q q 0 0 0 rg BT 189.91 401.25 Td (90 ) Tj ET Q q 0 0 0 rg BT 201.85 401.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 233.21 401.25 Td (of ) Tj ET Q q 0 0 0 rg BT 243.47 401.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.62 401.25 Td (share ) Tj ET Q q 0 0 0 rg BT 280.66 401.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 309.25 401.25 Td (of ) Tj ET Q q 0 0 0 rg BT 319.51 401.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 348.65 401.25 Td (S.p.A.\), ) Tj ET Q q 0 0 0 rg BT 381.70 401.25 Td (and ) Tj ET Q q 0 0 0 rg BT 398.08 401.25 Td (in ) Tj ET Q q 0 0 0 rg BT 407.79 401.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 447.48 401.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.64 401.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 502.46 401.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 529.39 401.25 Td (to ) Tj ET Q q 0 0 0 rg BT 539.11 401.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 558.01 401.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 389.25 Td (a ) Tj ET Q q 0 0 0 rg BT 114.94 389.25 Td (note ) Tj ET Q q 0 0 0 rg BT 134.66 389.25 Td (in ) Tj ET Q q 0 0 0 rg BT 144.93 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 159.65 389.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 197.69 389.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 230.19 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.02 389.25 Td (7.9 ) Tj ET Q q 0 0 0 rg BT 261.02 389.25 Td (billion ) Tj ET Q q 0 0 0 rg BT 289.63 389.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 307.68 389.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 331.02 389.25 Td ( ) Tj ET Q q 0 0 0 rg BT 333.52 389.25 Td (Note\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 365.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 365.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 126.90 365.25 Td ( ) Tj ET Q q 0 0 0 rg BT 128.83 365.25 Td (contributed ) Tj ET Q q 0 0 0 rg BT 176.31 365.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 196.01 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 206.27 365.25 Td (5.1 ) Tj ET Q q 0 0 0 rg BT 225.70 365.25 Td (billion ) Tj ET Q q 0 0 0 rg BT 253.74 365.25 Td (to ) Tj ET Q q 0 0 0 rg BT 263.45 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 277.60 365.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 318.42 365.25 Td (in ) Tj ET Q q 0 0 0 rg BT 328.13 365.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 383.93 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 394.19 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.34 365.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 430.27 365.25 Td (to ) Tj ET Q q 0 0 0 rg BT 439.98 365.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 458.88 365.25 Td ( ) Tj ET Q q 0 0 0 rg BT 460.81 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 471.07 365.25 Td (156,917,727 ) Tj ET Q q 0 0 0 rg BT 523.00 365.25 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 353.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 136.44 353.25 Td (and ) Tj ET Q q 0 0 0 rg BT 154.32 353.25 Td (161,917,727 ) Tj ET Q q 0 0 0 rg BT 207.76 353.25 Td (special ) Tj ET Q q 0 0 0 rg BT 238.97 353.25 Td (voting ) Tj ET Q q 0 0 0 rg BT 267.97 353.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 296.41 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 308.18 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 323.84 353.25 Td (Company) Tj ET Q q 0 0 0 rg BT 362.08 353.25 Td (. ) Tj ET Q q 0 0 0 rg BT 368.03 353.25 Td (Following ) Tj ET Q q 0 0 0 rg BT 412.59 353.25 Td (a ) Tj ET Q q 0 0 0 rg BT 420.47 353.25 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 468.36 353.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 515.67 353.25 Td (with ) Tj ET Q q 0 0 0 rg BT 536.90 353.25 Td (Piero ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 341.25 Td (Ferrari, ) Tj ET Q q 0 0 0 rg BT 140.21 341.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 159.11 341.25 Td ( ) Tj ET Q q 0 0 0 rg BT 161.62 341.25 Td (owns ) Tj ET Q q 0 0 0 rg BT 185.24 341.25 Td (170,029,440 ) Tj ET Q q 0 0 0 rg BT 237.75 341.25 Td (common ) Tj ET Q q 0 0 0 rg BT 275.25 341.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 302.75 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 319.69 341.25 Td (special ) Tj ET Q q 0 0 0 rg BT 349.96 341.25 Td (voting ) Tj ET Q q 0 0 0 rg BT 378.02 341.25 Td (shares, ) Tj ET Q q 0 0 0 rg BT 408.02 341.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 432.18 341.25 Td (to ) Tj ET Q q 0 0 0 rg BT 442.47 341.25 Td (90 ) Tj ET Q q 0 0 0 rg BT 454.97 341.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 486.90 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 497.74 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 512.46 341.25 Td (Company) Tj ET Q q 0 0 0 rg BT 554.13 341.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 329.25 Td (common ) Tj ET Q q 0 0 0 rg BT 145.91 329.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 173.82 329.25 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 225.90 329.25 Td (5.1 ) Tj ET Q q 0 0 0 rg BT 246.31 329.25 Td (billion ) Tj ET Q q 0 0 0 rg BT 275.34 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 286.58 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 301.72 329.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 340.17 329.25 Td (received ) Tj ET Q q 0 0 0 rg BT 376.95 329.25 Td (from ) Tj ET Q q 0 0 0 rg BT 399.30 329.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 418.20 329.25 Td ( ) Tj ET Q q 0 0 0 rg BT 421.12 329.25 Td (were ) Tj ET Q q 0 0 0 rg BT 443.46 329.25 Td (applied ) Tj ET Q q 0 0 0 rg BT 475.81 329.25 Td (to ) Tj ET Q q 0 0 0 rg BT 486.50 329.25 Td (settle ) Tj ET Q q 0 0 0 rg BT 510.52 329.25 Td (a ) Tj ET Q q 0 0 0 rg BT 517.87 329.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 549.67 329.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 317.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.43 317.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 141.33 317.25 Td ( ) Tj ET Q q 0 0 0 rg BT 143.54 317.25 Td (Note, ) Tj ET Q q 0 0 0 rg BT 167.69 317.25 Td (following ) Tj ET Q q 0 0 0 rg BT 208.79 317.25 Td (which ) Tj ET Q q 0 0 0 rg BT 235.44 317.25 Td (the ) Tj ET Q q 0 0 0 rg BT 249.86 317.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 287.62 317.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 336.49 317.25 Td (on ) Tj ET Q q 0 0 0 rg BT 348.70 317.25 Td (the ) Tj ET Q q 0 0 0 rg BT 363.13 317.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 382.03 317.25 Td ( ) Tj ET Q q 0 0 0 rg BT 384.24 317.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 405.89 317.25 Td (is ) Tj ET Q q 0 0 0 rg BT 414.77 317.25 Td (2.8 ) Tj ET Q q 0 0 0 rg BT 434.49 317.25 Td (billion, ) Tj ET Q q 0 0 0 rg BT 465.31 317.25 Td (which ) Tj ET Q q 0 0 0 rg BT 491.96 317.25 Td (is ) Tj ET Q q 0 0 0 rg BT 500.84 317.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 538.58 317.25 Td (to ) Tj ET Q q 0 0 0 rg BT 548.57 317.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 305.25 Td (refinanced ) Tj ET Q q 0 0 0 rg BT 152.69 305.25 Td (through ) Tj ET Q q 0 0 0 rg BT 186.30 305.25 Td (third ) Tj ET Q q 0 0 0 rg BT 207.69 305.25 Td (party ) Tj ET Q q 0 0 0 rg BT 230.73 305.25 Td (debt. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 281.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 281.25 Td (Piero ) Tj ET Q q 0 0 0 rg BT 131.91 281.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 161.92 281.25 Td (transferred ) Tj ET Q q 0 0 0 rg BT 208.03 281.25 Td (his ) Tj ET Q q 0 0 0 rg BT 222.50 281.25 Td (10 ) Tj ET Q q 0 0 0 rg BT 235.30 281.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 267.53 281.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 299.76 281.25 Td (in ) Tj ET Q q 0 0 0 rg BT 310.34 281.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 340.35 281.25 Td (S.p.A. ) Tj ET Q q 0 0 0 rg BT 368.43 281.25 Td (to ) Tj ET Q q 0 0 0 rg BT 379.01 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 394.03 281.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 435.72 281.25 Td (and ) Tj ET Q q 0 0 0 rg BT 452.96 281.25 Td (in ) Tj ET Q q 0 0 0 rg BT 463.54 281.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 504.10 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.12 281.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 269.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 135.12 269.25 Td (to ) Tj ET Q q 0 0 0 rg BT 145.02 269.25 Td (Piero ) Tj ET Q q 0 0 0 rg BT 168.24 269.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 197.57 269.25 Td (27,003,873 ) Tj ET Q q 0 0 0 rg BT 244.69 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.14 269.25 Td (its ) Tj ET Q q 0 0 0 rg BT 266.71 269.25 Td (common ) Tj ET Q q 0 0 0 rg BT 303.82 269.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 330.93 269.25 Td (and ) Tj ET Q q 0 0 0 rg BT 347.49 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 361.82 269.25 Td (same ) Tj ET Q q 0 0 0 rg BT 384.49 269.25 Td (number ) Tj ET Q q 0 0 0 rg BT 417.16 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 427.60 269.25 Td (special ) Tj ET Q q 0 0 0 rg BT 457.49 269.25 Td (voting ) Tj ET Q q 0 0 0 rg BT 485.16 269.25 Td (shares. ) Tj ET Q q 0 0 0 rg BT 514.77 269.25 Td ( ) Tj ET Q q 0 0 0 rg BT 516.89 269.25 Td (Following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 257.25 Td (a ) Tj ET Q q 0 0 0 rg BT 114.19 257.25 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 160.37 257.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 205.99 257.25 Td (with ) Tj ET Q q 0 0 0 rg BT 225.52 257.25 Td (FCA, ) Tj ET Q q 0 0 0 rg BT 249.22 257.25 Td (Piero ) Tj ET Q q 0 0 0 rg BT 272.07 257.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 301.03 257.25 Td (owns ) Tj ET Q q 0 0 0 rg BT 323.89 257.25 Td (18,892,160 ) Tj ET Q q 0 0 0 rg BT 370.63 257.25 Td (common ) Tj ET Q q 0 0 0 rg BT 407.38 257.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 434.11 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 450.30 257.25 Td (special ) Tj ET Q q 0 0 0 rg BT 479.81 257.25 Td (voting ) Tj ET Q q 0 0 0 rg BT 507.11 257.25 Td (shares, ) Tj ET Q q 0 0 0 rg BT 536.35 257.25 Td (equal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 117.36 245.25 Td (10.0 ) Tj ET Q q 0 0 0 rg BT 136.43 245.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 167.43 245.25 Td (of ) Tj ET Q q 0 0 0 rg BT 177.34 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.13 245.25 Td (Company) Tj ET Q q 0 0 0 rg BT 232.80 245.25 Td (s ) Tj ET Q q 0 0 0 rg BT 238.27 245.25 Td (common ) Tj ET Q q 0 0 0 rg BT 274.84 245.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 301.41 245.25 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 352.04 245.25 Td (The ) Tj ET Q q 0 0 0 rg BT 369.16 245.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 409.62 245.25 Td (did ) Tj ET Q q 0 0 0 rg BT 423.98 245.25 Td (not ) Tj ET Q q 0 0 0 rg BT 438.34 245.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 468.77 245.25 Td (any ) Tj ET Q q 0 0 0 rg BT 484.79 245.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 504.14 245.25 Td (consideration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 233.25 Td (as ) Tj ET Q q 0 0 0 rg BT 118.83 233.25 Td (part ) Tj ET Q q 0 0 0 rg BT 136.88 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 147.71 233.25 Td (this ) Tj ET Q q 0 0 0 rg BT 164.66 233.25 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 213.53 233.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 209.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 209.25 Td (The ) Tj ET Q q 0 0 0 rg BT 107.91 209.25 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 164.71 209.25 Td (comprised: ) Tj ET Q q 0 0 0 rg BT 211.52 209.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 223.32 209.25 Td (a ) Tj ET Q q 0 0 0 rg BT 230.13 209.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 259.14 209.25 Td (reor) Tj ET Q q 0 0 0 rg BT 275.06 209.25 Td (ganization ) Tj ET Q q 0 0 0 rg BT 319.08 209.25 Td (of ) Tj ET Q q 0 0 0 rg BT 329.78 209.25 Td (the ) Tj ET Q q 0 0 0 rg BT 344.36 209.25 Td (group ) Tj ET Q q 0 0 0 rg BT 370.06 209.25 Td (under ) Tj ET Q q 0 0 0 rg BT 395.19 209.25 Td (the ) Tj ET Q q 0 0 0 rg BT 409.78 209.25 Td (Company) Tj ET Q q 0 0 0 rg BT 448.02 209.25 Td (, ) Tj ET Q q 0 0 0 rg BT 452.88 209.25 Td (and ) Tj ET Q q 0 0 0 rg BT 469.69 209.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 484.27 209.25 Td (the ) Tj ET Q q 0 0 0 rg BT 498.86 209.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 535.10 209.25 Td (of ) Tj ET Q q 0 0 0 rg BT 545.80 209.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 197.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 72.90 197.25 Td ( ) Tj ET Q q 0 0 0 rg BT 76.97 197.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 100.49 197.25 Td (which ) Tj ET Q q 0 0 0 rg BT 129.00 197.25 Td (is ) Tj ET Q q 0 0 0 rg BT 139.74 197.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 179.34 197.25 Td (to ) Tj ET Q q 0 0 0 rg BT 191.20 197.25 Td (be ) Tj ET Q q 0 0 0 rg BT 204.71 197.25 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 261.00 197.25 Td (refinanced. ) Tj ET Q q 0 0 0 rg BT 309.76 197.25 Td (In ) Tj ET Q q 0 0 0 rg BT 322.16 197.25 Td (preparing ) Tj ET Q q 0 0 0 rg BT 364.55 197.25 Td (these ) Tj ET Q q 0 0 0 rg BT 389.17 197.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 422.13 197.25 Td (condensed ) Tj ET Q q 0 0 0 rg BT 468.41 197.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 523.02 197.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 185.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 98.29 185.25 Td (at ) Tj ET Q q 0 0 0 rg BT 107.58 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 124.09 185.25 Td (for ) Tj ET Q q 0 0 0 rg BT 137.82 185.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.12 185.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 171.41 185.25 Td (months ) Tj ET Q q 0 0 0 rg BT 202.93 185.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 228.88 185.25 Td (September ) Tj ET Q q 0 0 0 rg BT 273.72 185.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 288.29 185.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 310.37 185.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 327.99 185.25 Td ("Interim ) Tj ET Q q 0 0 0 rg BT 363.58 185.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 410.09 185.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 464.94 185.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 504.22 185.25 Td (Statements"\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 68.72 173.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.10 173.25 Td (has ) Tj ET Q q 0 0 0 rg BT 125.93 173.25 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 187.85 173.25 Td (applied ) Tj ET Q q 0 0 0 rg BT 219.79 173.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 238.13 173.25 Td () Tj ET Q q 0 0 0 rg BT 240.91 173.25 Td (s ) Tj ET Q q 0 0 0 rg BT 247.30 173.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 269.80 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 280.63 173.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 327.00 173.25 Td (for ) Tj ET Q q 0 0 0 rg BT 341.16 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 355.88 173.25 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 412.81 173.25 Td (based ) Tj ET Q q 0 0 0 rg BT 438.08 173.25 Td (on ) Tj ET Q q 0 0 0 rg BT 450.58 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 465.30 173.25 Td (following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 149.25 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 149.25 Td (The ) Tj ET Q q 0 0 0 rg BT 126.05 149.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 155.20 149.25 Td (reor) Tj ET Q q 0 0 0 rg BT 171.12 149.25 Td (ganization:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 125.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 125.25 Td (The ) Tj ET Q q 0 0 0 rg BT 142.82 125.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 182.97 125.25 Td (was ) Tj ET Q q 0 0 0 rg BT 199.79 125.25 Td (formed ) Tj ET Q q 0 0 0 rg BT 229.94 125.25 Td (by ) Tj ET Q q 0 0 0 rg BT 241.21 125.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 260.11 125.25 Td ( ) Tj ET Q q 0 0 0 rg BT 261.38 125.25 Td (solely ) Tj ET Q q 0 0 0 rg BT 286.53 125.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.58 125.25 Td (ef) Tj ET Q q 0 0 0 rg BT 303.17 125.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 319.42 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 332.90 125.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 376.94 125.25 Td (and ) Tj ET Q q 0 0 0 rg BT 392.64 125.25 Td (will ) Tj ET Q q 0 0 0 rg BT 409.47 125.25 Td (be ) Tj ET Q q 0 0 0 rg BT 420.18 125.25 Td (controlled ) Tj ET Q q 0 0 0 rg BT 461.99 125.25 Td (by ) Tj ET Q q 0 0 0 rg BT 473.25 125.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 492.16 125.25 Td ( ) Tj ET Q q 0 0 0 rg BT 493.42 125.25 Td (until ) Tj ET Q q 0 0 0 rg BT 513.03 125.25 Td (completion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 136.31 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.51 113.25 Td (Separation. ) Tj ET Q q 0 0 0 rg BT 197.61 113.25 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 241.50 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 255.70 113.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 284.33 113.25 Td (reor) Tj ET Q q 0 0 0 rg BT 300.25 113.25 Td (ganization ) Tj ET Q q 0 0 0 rg BT 343.88 113.25 Td (does ) Tj ET Q q 0 0 0 rg BT 364.19 113.25 Td (not ) Tj ET Q q 0 0 0 rg BT 378.95 113.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 400.36 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.56 113.25 Td (definition ) Tj ET Q q 0 0 0 rg BT 455.42 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 465.73 113.25 Td (a ) Tj ET Q q 0 0 0 rg BT 472.15 113.25 Td (business ) Tj ET Q q 0 0 0 rg BT 508.02 113.25 Td (combination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 101.25 Td (in ) Tj ET Q q 0 0 0 rg BT 135.57 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.57 101.25 Td (context ) Tj ET Q q 0 0 0 rg BT 180.80 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.92 101.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 213.83 101.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 220.62 101.25 Td (- ) Tj ET Q q 0 0 0 rg BT 225.74 101.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 267.53 101.25 Td (Combinations ) Tj ET Q q 0 0 0 rg BT 329.87 101.25 Td (but ) Tj ET Q q 0 0 0 rg BT 344.44 101.25 Td (rather ) Tj ET Q q 0 0 0 rg BT 369.54 101.25 Td (a ) Tj ET Q q 0 0 0 rg BT 375.77 101.25 Td (combination ) Tj ET Q q 0 0 0 rg BT 427.55 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 437.67 101.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 468.34 101.25 Td (under ) Tj ET Q q 0 0 0 rg BT 492.90 101.25 Td (common ) Tj ET Q q 0 0 0 rg BT 529.68 101.25 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 89.25 Td (and ) Tj ET Q q 0 0 0 rg BT 143.49 89.25 Td (as ) Tj ET Q q 0 0 0 rg BT 154.87 89.25 Td (such ) Tj ET Q q 0 0 0 rg BT 176.25 89.25 Td (is ) Tj ET Q q 0 0 0 rg BT 185.97 89.25 Td (excluded ) Tj ET Q q 0 0 0 rg BT 225.11 89.25 Td (from ) Tj ET Q q 0 0 0 rg BT 247.60 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.86 89.25 Td (scope ) Tj ET Q q 0 0 0 rg BT 288.68 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 300.06 89.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 324.23 89.25 Td (3. ) Tj ET Q q 0 0 0 rg BT 334.78 89.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 358.95 89.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 373.66 89.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 406.70 89.25 Td (below\) ) Tj ET Q q 0 0 0 rg BT 437.52 89.25 Td (has ) Tj ET Q q 0 0 0 rg BT 453.90 89.25 Td (no ) Tj ET Q q 0 0 0 rg BT 466.94 89.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 511.08 89.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 550.23 89.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 77.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 171.80 77.25 Td (for ) Tj ET Q q 0 0 0 rg BT 185.39 77.25 Td (such ) Tj ET Q q 0 0 0 rg BT 205.65 77.25 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 257.84 77.25 Td (IAS ) Tj ET Q q 0 0 0 rg BT 275.88 77.25 Td (8 ) Tj ET Q q 0 0 0 rg BT 282.81 77.25 Td (- ) Tj ET Q q 0 0 0 rg BT 288.06 77.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 341.08 77.25 Td (Policies, ) Tj ET Q q 0 0 0 rg BT 377.18 77.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 413.54 77.25 Td (in ) Tj ET Q q 0 0 0 rg BT 422.82 77.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 471.41 77.25 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 512.22 77.25 Td (and ) Tj ET Q q 0 0 0 rg BT 528.58 77.25 Td (Errors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 65.25 Td (states ) Tj ET Q q 0 0 0 rg BT 150.84 65.25 Td (that ) Tj ET Q q 0 0 0 rg BT 168.46 65.25 Td (in ) Tj ET Q q 0 0 0 rg BT 178.86 65.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.71 65.25 Td (absence ) Tj ET Q q 0 0 0 rg BT 227.98 65.25 Td (of ) Tj ET Q q 0 0 0 rg BT 238.93 65.25 Td (an ) Tj ET Q q 0 0 0 rg BT 250.99 65.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 274.74 65.25 Td (which ) Tj ET Q q 0 0 0 rg BT 301.80 65.25 Td (specifically ) Tj ET Q q 0 0 0 rg BT 350.52 65.25 Td (applies ) Tj ET Q q 0 0 0 rg BT 381.47 65.25 Td (to ) Tj ET Q q 0 0 0 rg BT 391.87 65.25 Td (a ) Tj ET Q q 0 0 0 rg BT 398.93 65.25 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 447.93 65.25 Td (the ) Tj ET Q q 0 0 0 rg BT 462.77 65.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 504.28 65.25 Td (may ) Tj ET Q q 0 0 0 rg BT 524.12 65.25 Td (consider ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 53.25 Td (the ) Tj ET Q q 0 0 0 rg BT 140.75 53.25 Td (most ) Tj ET Q q 0 0 0 rg BT 162.73 53.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 189.69 53.25 Td (pronouncements ) Tj ET Q q 0 0 0 rg BT 258.32 53.25 Td (of ) Tj ET Q q 0 0 0 rg BT 269.18 53.25 Td (other ) Tj ET Q q 0 0 0 rg BT 292.26 53.25 Td (standard-setting ) Tj ET Q q 0 0 0 rg BT 358.67 53.25 Td (bodies ) Tj ET Q q 0 0 0 rg BT 387.31 53.25 Td (that ) Tj ET Q q 0 0 0 rg BT 404.84 53.25 Td (use ) Tj ET Q q 0 0 0 rg BT 420.71 53.25 Td (a ) Tj ET Q q 0 0 0 rg BT 427.68 53.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 457.99 53.25 Td (conceptual ) Tj ET Q q 0 0 0 rg BT 503.83 53.25 Td (framework ) Tj ET Q q 0 0 0 rg BT 550.23 53.25 Td (to ) Tj ET Q endstream endobj 77 0 obj <> endobj 78 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.85 760.75 Td (FERRARI N.V) Tj ET Q q 0 0 0 rg BT 336.56 760.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.20 748.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 143.42 748.75 Td (T) Tj ET Q q 0 0 0 rg BT 149.91 748.75 Td (O ) Tj ET Q q 0 0 0 rg BT 160.01 748.75 Td (THE INTERIM CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 356.24 748.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 435.42 748.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 449.41 748.75 Td (A) Tj ET Q q 0 0 0 rg BT 455.89 748.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 736.75 Td (\(Unaudited\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 713.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 159.81 713.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 205.85 713.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 245.77 713.10 Td (or ) Tj ET Q q 0 0 0 rg BT 256.26 713.10 Td (other ) Tj ET Q q 0 0 0 rg BT 278.97 713.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 325.00 713.10 Td (literature ) Tj ET Q q 0 0 0 rg BT 363.25 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.85 713.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 416.98 713.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 451.92 713.10 Td (practices, ) Tj ET Q q 0 0 0 rg BT 492.11 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.05 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.42 713.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 543.02 713.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 701.10 Td (these ) Tj ET Q q 0 0 0 rg BT 148.16 701.10 Td (do ) Tj ET Q q 0 0 0 rg BT 159.77 701.10 Td (not ) Tj ET Q q 0 0 0 rg BT 174.17 701.10 Td (conflict ) Tj ET Q q 0 0 0 rg BT 206.32 701.10 Td (with ) Tj ET Q q 0 0 0 rg BT 225.71 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.54 701.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 293.36 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 302.75 701.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 325.49 701.10 Td (for ) Tj ET Q q 0 0 0 rg BT 338.76 701.10 Td (dealing ) Tj ET Q q 0 0 0 rg BT 369.81 701.10 Td (with ) Tj ET Q q 0 0 0 rg BT 389.20 701.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 418.59 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.64 701.10 Td (related ) Tj ET Q q 0 0 0 rg BT 463.46 701.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 488.96 701.10 Td (or ) Tj ET Q q 0 0 0 rg BT 498.91 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.74 701.10 Td (definitions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 689.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 175.94 689.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 208.64 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.47 689.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 285.18 689.10 Td (concepts ) Tj ET Q q 0 0 0 rg BT 324.55 689.10 Td (for ) Tj ET Q q 0 0 0 rg BT 340.61 689.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 370.83 689.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 414.94 689.10 Td (income ) Tj ET Q q 0 0 0 rg BT 448.77 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.60 689.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 508.09 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 520.27 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.88 689.10 Td (IFRS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 677.10 Td (Conceptual ) Tj ET Q q 0 0 0 rg BT 172.98 677.10 Td (Framework ) Tj ET Q q 0 0 0 rg BT 220.53 677.10 Td (for ) Tj ET Q q 0 0 0 rg BT 233.63 677.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 272.28 677.10 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 313.72 677.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 330.71 677.10 Td (Framework\). ) Tj ET Q q 0 0 0 rg BT 392.64 677.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 441.98 677.10 Td (, ) Tj ET Q q 0 0 0 rg BT 445.92 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.58 677.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 499.91 677.10 Td (has ) Tj ET Q q 0 0 0 rg BT 514.68 677.10 Td (considered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.81 665.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 179.50 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.29 665.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 211.34 665.10 Td (805-50-30-5 ) Tj ET Q q 0 0 0 rg BT 263.92 665.10 Td (on ) Tj ET Q q 0 0 0 rg BT 276.52 665.10 Td (common ) Tj ET Q q 0 0 0 rg BT 314.10 665.10 Td (control ) Tj ET Q q 0 0 0 rg BT 345.02 665.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 397.88 665.10 Td (which ) Tj ET Q q 0 0 0 rg BT 424.91 665.10 Td (indicates ) Tj ET Q q 0 0 0 rg BT 463.04 665.10 Td (that ) Tj ET Q q 0 0 0 rg BT 480.63 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.44 665.10 Td (receiving ) Tj ET Q q 0 0 0 rg BT 535.24 665.10 Td (entity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 653.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 143.03 653.10 Td (Company\) ) Tj ET Q q 0 0 0 rg BT 186.72 653.10 Td (is ) Tj ET Q q 0 0 0 rg BT 194.87 653.10 Td (able ) Tj ET Q q 0 0 0 rg BT 213.00 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 222.26 653.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 249.27 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.97 653.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 307.75 653.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 332.56 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.48 653.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 387.17 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 396.43 653.10 Td (its ) Tj ET Q q 0 0 0 rg BT 407.35 653.10 Td (own ) Tj ET Q q 0 0 0 rg BT 426.05 653.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 471.41 653.10 Td (records ) Tj ET Q q 0 0 0 rg BT 502.31 653.10 Td (at ) Tj ET Q q 0 0 0 rg BT 511.01 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.70 653.10 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 641.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 158.96 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 169.70 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.88 641.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 231.72 641.10 Td (records ) Tj ET Q q 0 0 0 rg BT 264.11 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.40 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.58 641.10 Td (transferring ) Tj ET Q q 0 0 0 rg BT 340.19 641.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 365.93 641.10 Td (\(FCA\). ) Tj ET Q q 0 0 0 rg BT 396.85 641.10 Td (As ) Tj ET Q q 0 0 0 rg BT 410.93 641.10 Td (a ) Tj ET Q q 0 0 0 rg BT 418.33 641.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 446.01 641.10 Td (these ) Tj ET Q q 0 0 0 rg BT 469.53 641.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 523.03 641.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 629.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 170.71 629.10 Td (include ) Tj ET Q q 0 0 0 rg BT 202.65 629.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 220.99 629.10 Td () Tj ET Q q 0 0 0 rg BT 223.77 629.10 Td (s ) Tj ET Q q 0 0 0 rg BT 230.16 629.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 267.64 629.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 305.69 629.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 338.73 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.01 629.10 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 378.72 629.10 Td (S.p.A. ) Tj ET Q q 0 0 0 rg BT 406.50 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 416.78 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.50 629.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 463.99 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.82 629.10 Td (780,542 ) Tj ET Q q 0 0 0 rg BT 514.82 629.10 Td (thousand.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 605.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 605.10 Td (The ) Tj ET Q q 0 0 0 rg BT 146.00 605.10 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 202.09 605.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 250.42 605.10 Td (for ) Tj ET Q q 0 0 0 rg BT 266.53 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.20 605.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 314.30 605.10 Td (reor) Tj ET Q q 0 0 0 rg BT 330.22 605.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 376.32 605.10 Td (is ) Tj ET Q q 0 0 0 rg BT 387.44 605.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 431.89 605.10 Td (with ) Tj ET Q q 0 0 0 rg BT 454.12 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.79 605.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 514.67 605.10 Td (underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 593.10 Td (paragraph ) Tj ET Q q 0 0 0 rg BT 168.68 593.10 Td (64 ) Tj ET Q q 0 0 0 rg BT 181.39 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.43 593.10 Td (IAS ) Tj ET Q q 0 0 0 rg BT 211.25 593.10 Td (33 ) Tj ET Q q 0 0 0 rg BT 223.96 593.10 Td (- ) Tj ET Q q 0 0 0 rg BT 230.00 593.10 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 272.70 593.10 Td (per ) Tj ET Q q 0 0 0 rg BT 288.17 593.10 Td (Share ) Tj ET Q q 0 0 0 rg BT 318.09 593.10 Td (which ) Tj ET Q q 0 0 0 rg BT 345.24 593.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 380.15 593.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 426.73 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.77 593.10 Td (basic ) Tj ET Q q 0 0 0 rg BT 461.03 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.17 593.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 508.66 593.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 545.24 593.10 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 581.10 Td (share ) Tj ET Q q 0 0 0 rg BT 149.38 581.10 Td (for ) Tj ET Q q 0 0 0 rg BT 163.33 581.10 Td (all ) Tj ET Q q 0 0 0 rg BT 175.61 581.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 207.33 581.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 247.93 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.00 581.10 Td (be ) Tj ET Q q 0 0 0 rg BT 269.72 581.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 305.33 581.10 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 367.04 581.10 Td (if ) Tj ET Q q 0 0 0 rg BT 375.43 581.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 409.92 581.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 434.41 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 444.48 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.98 581.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 487.91 581.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 525.18 581.10 Td (after ) Tj ET Q q 0 0 0 rg BT 545.79 581.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 569.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 164.94 569.10 Td (period ) Tj ET Q q 0 0 0 rg BT 192.78 569.10 Td (but ) Tj ET Q q 0 0 0 rg BT 207.85 569.10 Td (before ) Tj ET Q q 0 0 0 rg BT 235.67 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.18 569.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 287.45 569.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 331.95 569.10 Td (are ) Tj ET Q q 0 0 0 rg BT 346.45 569.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 390.94 569.10 Td (for ) Tj ET Q q 0 0 0 rg BT 404.89 569.10 Td (issue. ) Tj ET Q q 0 0 0 rg BT 429.68 569.10 Td (SAB ) Tj ET Q q 0 0 0 rg BT 451.25 569.10 Td (T) Tj ET Q q 0 0 0 rg BT 456.66 569.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 476.17 569.10 Td (4C ) Tj ET Q q 0 0 0 rg BT 490.13 569.10 Td (also ) Tj ET Q q 0 0 0 rg BT 508.52 569.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 543.02 569.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 557.10 Td (such ) Tj ET Q q 0 0 0 rg BT 146.92 557.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 181.72 557.10 Td (be ) Tj ET Q q 0 0 0 rg BT 193.75 557.10 Td (given ) Tj ET Q q 0 0 0 rg BT 218.56 557.10 Td (retroactive ) Tj ET Q q 0 0 0 rg BT 263.90 557.10 Td (ef) Tj ET Q q 0 0 0 rg BT 271.49 557.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 289.07 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 299.44 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.24 557.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 347.37 557.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 370.51 557.10 Td (where ) Tj ET Q q 0 0 0 rg BT 397.53 557.10 Td (they ) Tj ET Q q 0 0 0 rg BT 417.34 557.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 442.13 557.10 Td (after ) Tj ET Q q 0 0 0 rg BT 463.04 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.85 557.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 517.10 557.10 Td (period ) Tj ET Q q 0 0 0 rg BT 545.24 557.10 Td (but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 545.10 Td (before ) Tj ET Q q 0 0 0 rg BT 153.95 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.58 545.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 205.97 545.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 250.59 545.10 Td (are ) Tj ET Q q 0 0 0 rg BT 265.21 545.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 309.82 545.10 Td (for ) Tj ET Q q 0 0 0 rg BT 323.89 545.10 Td (issue. ) Tj ET Q q 0 0 0 rg BT 348.63 545.10 Td (The ) Tj ET Q q 0 0 0 rg BT 366.59 545.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 395.65 545.10 Td (reor) Tj ET Q q 0 0 0 rg BT 411.57 545.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 455.63 545.10 Td (has ) Tj ET Q q 0 0 0 rg BT 471.37 545.10 Td (been ) Tj ET Q q 0 0 0 rg BT 492.66 545.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 535.60 545.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.67 545.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 533.10 Td (though ) Tj ET Q q 0 0 0 rg BT 156.28 533.10 Td (it ) Tj ET Q q 0 0 0 rg BT 164.33 533.10 Td (had ) Tj ET Q q 0 0 0 rg BT 181.27 533.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 218.75 533.10 Td (ef) Tj ET Q q 0 0 0 rg BT 226.34 533.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 256.04 533.10 Td (January ) Tj ET Q q 0 0 0 rg BT 289.64 533.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 299.64 533.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 324.64 533.10 Td (In ) Tj ET Q q 0 0 0 rg BT 335.47 533.10 Td (particular:) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 144.00 506.94 cm /I8 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 509.10 Td (The ) Tj ET Q q 0 0 0 rg BT 179.60 509.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 215.52 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.90 509.10 Td (156,917,727 ) Tj ET Q q 0 0 0 rg BT 277.95 509.10 Td (common ) Tj ET Q q 0 0 0 rg BT 314.99 509.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 342.03 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.52 509.10 Td (161,917,727 ) Tj ET Q q 0 0 0 rg BT 410.56 509.10 Td (special ) Tj ET Q q 0 0 0 rg BT 440.38 509.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 467.98 509.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 495.02 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 504.85 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.11 509.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 172.80 497.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 191.70 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.72 497.10 Td (has ) Tj ET Q q 0 0 0 rg BT 211.08 497.10 Td (been ) Tj ET Q q 0 0 0 rg BT 232.98 497.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 270.97 497.10 Td (as ) Tj ET Q q 0 0 0 rg BT 282.32 497.10 Td (share ) Tj ET Q q 0 0 0 rg BT 306.44 497.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 336.12 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.58 497.10 Td (share ) Tj ET Q q 0 0 0 rg BT 377.70 497.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 416.82 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 427.63 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.86 497.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 479.77 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.13 497.10 Td (3.2 ) Tj ET Q q 0 0 0 rg BT 511.65 497.10 Td (million ) Tj ET Q q 0 0 0 rg BT 543.56 497.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 485.10 Td (5,098.0 ) Tj ET Q q 0 0 0 rg BT 199.50 485.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 233.39 485.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 281.05 485.10 Td (, ) Tj ET Q q 0 0 0 rg BT 286.05 485.10 Td (with ) Tj ET Q q 0 0 0 rg BT 306.33 485.10 Td (an ) Tj ET Q q 0 0 0 rg BT 318.27 485.10 Td (of) Tj ET Q q 0 0 0 rg BT 326.42 485.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 343.36 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 353.64 485.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 388.34 485.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 424.71 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.54 485.10 Td (5.1 ) Tj ET Q q 0 0 0 rg BT 455.54 485.10 Td (billion. ) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 144.00 458.94 cm /I9 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 461.10 Td (The ) Tj ET Q q 0 0 0 rg BT 180.81 461.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 217.94 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.53 461.10 Td (27,003,873 ) Tj ET Q q 0 0 0 rg BT 277.79 461.10 Td (common ) Tj ET Q q 0 0 0 rg BT 316.05 461.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 344.29 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.99 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.47 461.10 Td (same ) Tj ET Q q 0 0 0 rg BT 401.27 461.10 Td (number ) Tj ET Q q 0 0 0 rg BT 435.08 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.67 461.10 Td (special ) Tj ET Q q 0 0 0 rg BT 477.69 461.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 506.51 461.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 534.76 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 545.80 461.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 449.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 203.63 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.15 449.10 Td (Piero ) Tj ET Q q 0 0 0 rg BT 238.01 449.10 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 267.96 449.10 Td (has ) Tj ET Q q 0 0 0 rg BT 284.03 449.10 Td (been ) Tj ET Q q 0 0 0 rg BT 305.65 449.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 343.37 449.10 Td (as ) Tj ET Q q 0 0 0 rg BT 354.44 449.10 Td (share ) Tj ET Q q 0 0 0 rg BT 378.28 449.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 407.68 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.86 449.10 Td (share ) Tj ET Q q 0 0 0 rg BT 448.70 449.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 487.55 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 498.07 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.04 449.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 549.67 449.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 437.10 Td (0.6 ) Tj ET Q q 0 0 0 rg BT 182.00 437.10 Td (million ) Tj ET Q q 0 0 0 rg BT 213.39 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.33 437.10 Td (877.4 ) Tj ET Q q 0 0 0 rg BT 260.33 437.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 294.22 437.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 341.88 437.10 Td (, ) Tj ET Q q 0 0 0 rg BT 346.88 437.10 Td (with ) Tj ET Q q 0 0 0 rg BT 367.16 437.10 Td (an ) Tj ET Q q 0 0 0 rg BT 379.10 437.10 Td (of) Tj ET Q q 0 0 0 rg BT 387.25 437.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 404.19 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 414.47 437.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 449.17 437.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 485.54 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.38 437.10 Td (878.0 ) Tj ET Q q 0 0 0 rg BT 526.38 437.10 Td (million.) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 144.00 410.94 cm /I10 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 413.10 Td (The ) Tj ET Q q 0 0 0 rg BT 180.52 413.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 220.71 413.10 Td (number ) Tj ET Q q 0 0 0 rg BT 254.24 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.55 413.10 Td (common ) Tj ET Q q 0 0 0 rg BT 303.52 413.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 333.99 413.10 Td (nominal ) Tj ET Q q 0 0 0 rg BT 369.74 413.10 Td (value ) Tj ET Q q 0 0 0 rg BT 394.37 413.10 Td (per ) Tj ET Q q 0 0 0 rg BT 410.12 413.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 436.69 413.10 Td (basic ) Tj ET Q q 0 0 0 rg BT 460.22 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.63 413.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 508.38 413.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 545.24 413.10 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 401.10 Td (common ) Tj ET Q q 0 0 0 rg BT 199.82 401.10 Td (share ) Tj ET Q q 0 0 0 rg BT 223.75 401.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 260.46 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.73 401.10 Td (other ) Tj ET Q q 0 0 0 rg BT 301.10 401.10 Td (per ) Tj ET Q q 0 0 0 rg BT 316.70 401.10 Td (share ) Tj ET Q q 0 0 0 rg BT 340.62 401.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 387.89 401.10 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 450.13 401.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 478.49 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.54 401.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 523.02 401.10 Td (structure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.44 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.78 389.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 227.78 389.10 Td (post ) Tj ET Q q 0 0 0 rg BT 246.56 389.10 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 303.11 389.10 Td (for ) Tj ET Q q 0 0 0 rg BT 316.88 389.10 Td (all ) Tj ET Q q 0 0 0 rg BT 328.99 389.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 360.54 389.10 Td (presented, ) Tj ET Q q 0 0 0 rg BT 403.47 389.10 Td (with ) Tj ET Q q 0 0 0 rg BT 423.37 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.70 389.10 Td (required ) Tj ET Q q 0 0 0 rg BT 473.13 389.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 519.68 389.10 Td (presented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 172.28 377.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 198.11 377.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 210.61 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.55 377.10 Td (19.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 353.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.05 353.10 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 164.98 353.10 Td (has ) Tj ET Q q 0 0 0 rg BT 180.81 353.10 Td (been ) Tj ET Q q 0 0 0 rg BT 202.19 353.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 246.33 353.10 Td (based ) Tj ET Q q 0 0 0 rg BT 271.60 353.10 Td (on ) Tj ET Q q 0 0 0 rg BT 284.10 353.10 Td (an ) Tj ET Q q 0 0 0 rg BT 296.04 353.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 347.41 353.10 Td (appraisal ) Tj ET Q q 0 0 0 rg BT 386.01 353.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 430.15 353.10 Td (for ) Tj ET Q q 0 0 0 rg BT 444.31 353.10 Td (Dutch ) Tj ET Q q 0 0 0 rg BT 471.25 353.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 493.18 353.10 Td (requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 329.10 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 329.10 Td (The ) Tj ET Q q 0 0 0 rg BT 126.05 329.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 162.42 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.25 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.97 329.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 206.87 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.37 329.10 Td (Note:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.00 305.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 305.10 Td (The ) Tj ET Q q 0 0 0 rg BT 142.66 305.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 161.56 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 164.67 305.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 187.22 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.77 305.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 252.32 305.10 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 300.97 305.10 Td (have ) Tj ET Q q 0 0 0 rg BT 322.96 305.10 Td (not ) Tj ET Q q 0 0 0 rg BT 338.85 305.10 Td (been ) Tj ET Q q 0 0 0 rg BT 360.83 305.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 398.92 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 409.81 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.14 305.10 Td (Interim ) Tj ET Q q 0 0 0 rg BT 457.68 305.10 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 505.23 305.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 293.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 164.04 293.10 Td (Statements. ) Tj ET Q q 0 0 0 rg BT 213.04 293.10 Td (The ) Tj ET Q q 0 0 0 rg BT 231.41 293.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 278.11 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.27 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.31 293.10 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 334.34 293.10 Td (North ) Tj ET Q q 0 0 0 rg BT 360.49 293.10 Td (Europe ) Tj ET Q q 0 0 0 rg BT 392.19 293.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 426.68 293.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 452.83 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.09 293.10 Td (business ) Tj ET Q q 0 0 0 rg BT 506.81 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.07 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.11 293.10 Td (FNE ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 281.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 145.94 281.10 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 185.65 281.10 Td (on ) Tj ET Q q 0 0 0 rg BT 198.15 281.10 Td (consolidation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 257.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.33 257.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 152.99 257.10 Td (described ) Tj ET Q q 0 0 0 rg BT 193.09 257.10 Td (above ) Tj ET Q q 0 0 0 rg BT 218.76 257.10 Td (in ) Tj ET Q q 0 0 0 rg BT 228.32 257.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 245.10 257.10 Td (was ) Tj ET Q q 0 0 0 rg BT 262.44 257.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 305.88 257.10 Td (on ) Tj ET Q q 0 0 0 rg BT 317.66 257.10 Td (October ) Tj ET Q q 0 0 0 rg BT 351.66 257.10 Td (21, ) Tj ET Q q 0 0 0 rg BT 365.94 257.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 390.23 257.10 Td (when ) Tj ET Q q 0 0 0 rg BT 413.67 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.68 257.10 Td (Company) Tj ET Q q 0 0 0 rg BT 469.34 257.10 Td (s ) Tj ET Q q 0 0 0 rg BT 475.02 257.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 501.80 257.10 Td (were ) Tj ET Q q 0 0 0 rg BT 523.01 257.10 Td (admitted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 100.28 245.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 127.78 245.10 Td (on ) Tj ET Q q 0 0 0 rg BT 140.28 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.00 245.10 Td (New ) Tj ET Q q 0 0 0 rg BT 176.01 245.10 Td (Y) Tj ET Q q 0 0 0 rg BT 182.23 245.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 198.06 245.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 223.34 245.10 Td (Exchange, ) Tj ET Q q 0 0 0 rg BT 267.76 245.10 Td (as ) Tj ET Q q 0 0 0 rg BT 278.59 245.10 Td (a ) Tj ET Q q 0 0 0 rg BT 285.53 245.10 Td (result ) Tj ET Q q 0 0 0 rg BT 310.25 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.08 245.10 Td (which ) Tj ET Q q 0 0 0 rg BT 348.02 245.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 366.92 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 369.42 245.10 Td (now ) Tj ET Q q 0 0 0 rg BT 389.14 245.10 Td (has ) Tj ET Q q 0 0 0 rg BT 404.97 245.10 Td (80 ) Tj ET Q q 0 0 0 rg BT 417.47 245.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 449.39 245.10 Td (ownership.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 221.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.05 221.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 154.42 221.10 Td (described ) Tj ET Q q 0 0 0 rg BT 195.23 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 205.51 221.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 222.45 221.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 255.49 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.77 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.49 221.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 329.10 221.10 Td (is ) Tj ET Q q 0 0 0 rg BT 338.27 221.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 376.30 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.58 221.10 Td (take ) Tj ET Q q 0 0 0 rg BT 405.74 221.10 Td (place ) Tj ET Q q 0 0 0 rg BT 429.33 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 439.61 221.10 Td (January ) Tj ET Q q 0 0 0 rg BT 473.21 221.10 Td (2016.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 185.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 68.45 185.10 Td (AUTHORIZA) Tj ET Q q 0 0 0 rg BT 129.38 185.10 Td (TION OF) Tj ET Q q 0 0 0 rg BT 170.96 185.10 Td ( INTERIM CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 346.08 185.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 425.25 185.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 439.24 185.10 Td (A) Tj ET Q q 0 0 0 rg BT 445.72 185.10 Td (TEMENTS ) Tj ET Q q 0 0 0 rg BT 496.57 185.10 Td (AND ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 173.10 Td (COMPLIANCE ) Tj ET Q q 0 0 0 rg BT 125.76 173.10 Td (WITH INTERNA) Tj ET Q q 0 0 0 rg BT 201.98 173.10 Td (TIONAL) Tj ET Q q 0 0 0 rg BT 240.88 173.10 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 299.50 173.10 Td ( REPOR) Tj ET Q q 0 0 0 rg BT 336.65 173.10 Td (TING ST) Tj ET Q q 0 0 0 rg BT 376.20 173.10 Td (ANDARDS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 161.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 149.10 Td (These ) Tj ET Q q 0 0 0 rg BT 115.54 149.10 Td (Interim ) Tj ET Q q 0 0 0 rg BT 146.64 149.10 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 192.75 149.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 247.19 149.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 286.07 149.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 331.62 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.61 149.10 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 370.49 149.10 Td (N.V) Tj ET Q q 0 0 0 rg BT 386.14 149.10 Td (. ) Tj ET Q q 0 0 0 rg BT 390.31 149.10 Td (were ) Tj ET Q q 0 0 0 rg BT 411.40 149.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 455.27 149.10 Td (for ) Tj ET Q q 0 0 0 rg BT 468.60 149.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 504.14 149.10 Td (on ) Tj ET Q q 0 0 0 rg BT 515.81 149.10 Td (November ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 137.10 Td (4, ) Tj ET Q q 0 0 0 rg BT 63.48 137.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 87.96 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.39 137.10 Td (have ) Tj ET Q q 0 0 0 rg BT 125.25 137.10 Td (been ) Tj ET Q q 0 0 0 rg BT 146.10 137.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 183.06 137.10 Td (in ) Tj ET Q q 0 0 0 rg BT 192.82 137.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 239.77 137.10 Td (with ) Tj ET Q q 0 0 0 rg BT 259.53 137.10 Td (IAS ) Tj ET Q q 0 0 0 rg BT 277.62 137.10 Td (34 ) Tj ET Q q 0 0 0 rg BT 289.61 137.10 Td (- ) Tj ET Q q 0 0 0 rg BT 294.92 137.10 Td (Interim ) Tj ET Q q 0 0 0 rg BT 326.33 137.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 365.53 137.10 Td (Reporting. ) Tj ET Q q 0 0 0 rg BT 409.86 137.10 Td (The ) Tj ET Q q 0 0 0 rg BT 427.39 137.10 Td (Interim ) Tj ET Q q 0 0 0 rg BT 458.81 137.10 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 505.23 137.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 125.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 93.33 125.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 139.32 125.10 Td (should ) Tj ET Q q 0 0 0 rg BT 168.10 125.10 Td (be ) Tj ET Q q 0 0 0 rg BT 179.66 125.10 Td (read ) Tj ET Q q 0 0 0 rg BT 198.98 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 208.87 125.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 258.19 125.10 Td (with ) Tj ET Q q 0 0 0 rg BT 278.08 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.41 125.10 Td (Group) Tj ET Q q 0 0 0 rg BT 320.74 125.10 Td (s ) Tj ET Q q 0 0 0 rg BT 326.75 125.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 379.40 125.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 416.50 125.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 460.82 125.10 Td (at ) Tj ET Q q 0 0 0 rg BT 470.15 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.71 125.10 Td (for ) Tj ET Q q 0 0 0 rg BT 500.48 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.81 125.10 Td (year ) Tj ET Q q 0 0 0 rg BT 534.13 125.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 113.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 113.55 113.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 137.01 113.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 156.02 113.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 216.70 113.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 257.37 113.10 Td (Statements\), ) Tj ET Q q 0 0 0 rg BT 314.99 113.10 Td (which ) Tj ET Q q 0 0 0 rg BT 342.89 113.10 Td (have ) Tj ET Q q 0 0 0 rg BT 365.23 113.10 Td (been ) Tj ET Q q 0 0 0 rg BT 387.57 113.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 426.01 113.10 Td (in ) Tj ET Q q 0 0 0 rg BT 437.25 113.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 485.67 113.10 Td (with ) Tj ET Q q 0 0 0 rg BT 506.91 113.10 Td (International ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 101.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 94.80 101.10 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 138.38 101.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 181.40 101.10 Td (\(IFRS\) ) Tj ET Q q 0 0 0 rg BT 221.65 101.10 Td (as ) Tj ET Q q 0 0 0 rg BT 233.56 101.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 262.15 101.10 Td (by ) Tj ET Q q 0 0 0 rg BT 275.73 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.54 101.10 Td (International ) Tj ET Q q 0 0 0 rg BT 345.42 101.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 395.66 101.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 438.68 101.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 466.71 101.10 Td (\(IFRS\) ) Tj ET Q q 0 0 0 rg BT 506.95 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.98 101.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 549.69 101.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 89.10 Td (endorsed ) Tj ET Q q 0 0 0 rg BT 92.96 89.10 Td (by ) Tj ET Q q 0 0 0 rg BT 105.82 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.90 89.10 Td (European ) Tj ET Q q 0 0 0 rg BT 162.08 89.10 Td (Union. ) Tj ET Q q 0 0 0 rg BT 192.24 89.10 Td (The ) Tj ET Q q 0 0 0 rg BT 210.65 89.10 Td (designation ) Tj ET Q q 0 0 0 rg BT 259.61 89.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 283.60 89.10 Td (also ) Tj ET Q q 0 0 0 rg BT 302.57 89.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 338.76 89.10 Td (International ) Tj ET Q q 0 0 0 rg BT 392.08 89.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 441.60 89.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 483.90 89.10 Td (\(IAS\) ) Tj ET Q q 0 0 0 rg BT 518.41 89.10 Td (as ) Tj ET Q q 0 0 0 rg BT 529.60 89.10 Td (well ) Tj ET Q q 0 0 0 rg BT 549.68 89.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 77.10 Td (all ) Tj ET Q q 0 0 0 rg BT 66.19 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.60 77.10 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 140.55 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.08 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.49 77.10 Td (International ) Tj ET Q q 0 0 0 rg BT 218.77 77.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 258.18 77.10 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 300.36 77.10 Td (Interpretations ) Tj ET Q q 0 0 0 rg BT 360.87 77.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 407.50 77.10 Td (\(IFRIC ) Tj ET Q q 0 0 0 rg BT 447.46 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.10 77.10 Td (SIC\). ) Tj ET Q q 0 0 0 rg BT 496.40 77.10 Td (The ) Tj ET Q q 0 0 0 rg BT 514.14 77.10 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 65.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 87.91 65.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 122.38 65.10 Td (are ) Tj ET Q q 0 0 0 rg BT 137.40 65.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 180.20 65.10 Td (with ) Tj ET Q q 0 0 0 rg BT 200.79 65.10 Td (those ) Tj ET Q q 0 0 0 rg BT 224.71 65.10 Td (used ) Tj ET Q q 0 0 0 rg BT 245.85 65.10 Td (at ) Tj ET Q q 0 0 0 rg BT 255.88 65.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 314.77 65.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 340.08 65.10 Td (except ) Tj ET Q q 0 0 0 rg BT 368.98 65.10 Td (as ) Tj ET Q q 0 0 0 rg BT 380.12 65.10 Td (described ) Tj ET Q q 0 0 0 rg BT 421.25 65.10 Td (in ) Tj ET Q q 0 0 0 rg BT 431.84 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.86 65.10 Td (following ) Tj ET Q q 0 0 0 rg BT 488.56 65.10 Td (paragraph ) Tj ET Q q 0 0 0 rg BT 531.35 65.10 Td (-New ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 53.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 94.27 53.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.21 53.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 164.25 53.10 Td (ef) Tj ET Q q 0 0 0 rg BT 171.84 53.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 201.54 53.10 Td (from ) Tj ET Q q 0 0 0 rg BT 223.48 53.10 Td (January1, ) Tj ET Q q 0 0 0 rg BT 267.08 53.10 Td (2015.) Tj ET Q endstream endobj 79 0 obj <> endobj 80 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.85 760.75 Td (FERRARI N.V) Tj ET Q q 0 0 0 rg BT 336.56 760.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.20 748.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 143.42 748.75 Td (T) Tj ET Q q 0 0 0 rg BT 149.91 748.75 Td (O ) Tj ET Q q 0 0 0 rg BT 160.01 748.75 Td (THE INTERIM CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 356.24 748.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 435.42 748.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 449.41 748.75 Td (A) Tj ET Q q 0 0 0 rg BT 455.89 748.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 736.75 Td (\(Unaudited\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-36) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 713.25 Td (3. ) Tj ET Q q 0 0 0 rg BT 64.00 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 66.50 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 69.00 713.25 Td (BASIS ) Tj ET Q q 0 0 0 rg BT 100.41 713.25 Td (OF) Tj ET Q q 0 0 0 rg BT 113.92 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 116.42 713.25 Td (PREP) Tj ET Q q 0 0 0 rg BT 141.79 713.25 Td (ARA) Tj ET Q q 0 0 0 rg BT 162.71 713.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 190.77 713.25 Td (FOR ) Tj ET Q q 0 0 0 rg BT 214.38 713.25 Td (INTERIM ) Tj ET Q q 0 0 0 rg BT 261.89 713.25 Td (CONDENSED ) Tj ET Q q 0 0 0 rg BT 327.17 713.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 387.00 713.25 Td (TED ) Tj ET Q q 0 0 0 rg BT 410.06 713.25 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 466.18 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 468.68 713.25 Td (ST) Tj ET Q q 0 0 0 rg BT 480.17 713.25 Td (A) Tj ET Q q 0 0 0 rg BT 486.65 713.25 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 701.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 689.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 689.25 Td (The ) Tj ET Q q 0 0 0 rg BT 107.75 689.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 155.49 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.03 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.45 689.25 Td (Interim ) Tj ET Q q 0 0 0 rg BT 212.09 689.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 258.74 689.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 313.72 689.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 353.14 689.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 399.23 689.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 433.64 689.25 Td (management ) Tj ET Q q 0 0 0 rg BT 486.94 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 496.92 689.25 Td (make ) Tj ET Q q 0 0 0 rg BT 520.79 689.25 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 70.31 677.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 121.62 677.25 Td (that ) Tj ET Q q 0 0 0 rg BT 138.48 677.25 Td (af) Tj ET Q q 0 0 0 rg BT 146.07 677.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 162.93 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.01 677.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 212.19 677.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 247.95 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.15 677.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 298.05 677.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 338.52 677.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 366.21 677.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 405.30 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 421.60 677.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 464.02 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.22 677.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 518.30 677.25 Td (liabilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 665.25 Td (If ) Tj ET Q q 0 0 0 rg BT 63.46 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 74.05 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 89.07 665.25 Td (future ) Tj ET Q q 0 0 0 rg BT 115.75 665.25 Td (such ) Tj ET Q q 0 0 0 rg BT 136.88 665.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 176.90 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 194.14 665.25 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 248.89 665.25 Td (which ) Tj ET Q q 0 0 0 rg BT 276.14 665.25 Td (are ) Tj ET Q q 0 0 0 rg BT 291.15 665.25 Td (based ) Tj ET Q q 0 0 0 rg BT 316.72 665.25 Td (on ) Tj ET Q q 0 0 0 rg BT 329.53 665.25 Td (management) Tj ET Q q 0 0 0 rg BT 383.39 665.25 Td (s ) Tj ET Q q 0 0 0 rg BT 390.09 665.25 Td (best ) Tj ET Q q 0 0 0 rg BT 409.00 665.25 Td (judgment ) Tj ET Q q 0 0 0 rg BT 449.58 665.25 Td (at ) Tj ET Q q 0 0 0 rg BT 459.60 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.62 665.25 Td (date ) Tj ET Q q 0 0 0 rg BT 494.08 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 505.21 665.25 Td (these ) Tj ET Q q 0 0 0 rg BT 528.57 665.25 Td (Interim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 653.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 101.15 653.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 156.63 653.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 196.56 653.25 Td (Statements, ) Tj ET Q q 0 0 0 rg BT 245.65 653.25 Td (deviate ) Tj ET Q q 0 0 0 rg BT 277.23 653.25 Td (from ) Tj ET Q q 0 0 0 rg BT 299.38 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 314.31 653.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 340.90 653.25 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 402.75 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 417.68 653.25 Td (original ) Tj ET Q q 0 0 0 rg BT 451.49 653.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 491.42 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 508.56 653.25 Td (assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.25 Td (will ) Tj ET Q q 0 0 0 rg BT 72.42 641.25 Td (be ) Tj ET Q q 0 0 0 rg BT 84.72 641.25 Td (modified ) Tj ET Q q 0 0 0 rg BT 123.68 641.25 Td (as ) Tj ET Q q 0 0 0 rg BT 134.87 641.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 183.27 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 193.91 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 208.99 641.25 Td (period ) Tj ET Q q 0 0 0 rg BT 237.39 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 248.03 641.25 Td (which ) Tj ET Q q 0 0 0 rg BT 275.33 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.41 641.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 349.91 641.25 Td (change. ) Tj ET Q q 0 0 0 rg BT 383.59 641.25 Td (Reference ) Tj ET Q q 0 0 0 rg BT 426.97 641.25 Td (should ) Tj ET Q q 0 0 0 rg BT 456.50 641.25 Td (be ) Tj ET Q q 0 0 0 rg BT 468.80 641.25 Td (made ) Tj ET Q q 0 0 0 rg BT 493.32 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 503.96 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.04 641.25 Td (section ) Tj ET Q q 0 0 0 rg BT 550.23 641.25 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 629.25 Td (Use ) Tj ET Q q 0 0 0 rg BT 71.20 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 81.18 629.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 124.48 629.25 Td (in ) Tj ET Q q 0 0 0 rg BT 133.91 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.77 629.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 202.20 629.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 241.06 629.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 286.59 629.25 Td (for ) Tj ET Q q 0 0 0 rg BT 299.90 629.25 Td (a ) Tj ET Q q 0 0 0 rg BT 305.99 629.25 Td (detailed ) Tj ET Q q 0 0 0 rg BT 339.29 629.25 Td (description ) Tj ET Q q 0 0 0 rg BT 385.37 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 395.35 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 409.22 629.25 Td (more ) Tj ET Q q 0 0 0 rg BT 431.41 629.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 475.27 629.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 514.13 629.25 Td (procedures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 617.25 Td (used ) Tj ET Q q 0 0 0 rg BT 74.83 617.25 Td (by ) Tj ET Q q 0 0 0 rg BT 87.33 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 102.05 617.25 Td (Group.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 605.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 593.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 593.25 Td (Moreover) Tj ET Q q 0 0 0 rg BT 129.03 593.25 Td (, ) Tj ET Q q 0 0 0 rg BT 135.07 593.25 Td (in ) Tj ET Q q 0 0 0 rg BT 146.39 593.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 194.89 593.25 Td (with ) Tj ET Q q 0 0 0 rg BT 216.21 593.25 Td (IAS ) Tj ET Q q 0 0 0 rg BT 235.86 593.25 Td (34, ) Tj ET Q q 0 0 0 rg BT 251.90 593.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 282.64 593.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 323.39 593.25 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 373.30 593.25 Td (in ) Tj ET Q q 0 0 0 rg BT 384.62 593.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 426.47 593.25 Td (those ) Tj ET Q q 0 0 0 rg BT 451.12 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 462.99 593.25 Td (a ) Tj ET Q q 0 0 0 rg BT 470.97 593.25 Td (more ) Tj ET Q q 0 0 0 rg BT 495.05 593.25 Td (complex ) Tj ET Q q 0 0 0 rg BT 533.03 593.25 Td (nature ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 581.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 94.57 581.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 126.25 581.25 Td (such ) Tj ET Q q 0 0 0 rg BT 146.83 581.25 Td (as ) Tj ET Q q 0 0 0 rg BT 157.41 581.25 Td (any ) Tj ET Q q 0 0 0 rg BT 174.10 581.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 222.45 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 233.03 581.25 Td (non-current ) Tj ET Q q 0 0 0 rg BT 281.93 581.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 310.01 581.25 Td (are ) Tj ET Q q 0 0 0 rg BT 324.47 581.25 Td (only ) Tj ET Q q 0 0 0 rg BT 344.50 581.25 Td (carried ) Tj ET Q q 0 0 0 rg BT 374.50 581.25 Td (out ) Tj ET Q q 0 0 0 rg BT 389.53 581.25 Td (in ) Tj ET Q q 0 0 0 rg BT 399.56 581.25 Td (full ) Tj ET Q q 0 0 0 rg BT 415.70 581.25 Td (during ) Tj ET Q q 0 0 0 rg BT 444.06 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.53 581.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 506.31 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 516.89 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 531.36 581.25 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 569.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 90.42 569.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 136.56 569.25 Td (when ) Tj ET Q q 0 0 0 rg BT 159.66 569.25 Td (all ) Tj ET Q q 0 0 0 rg BT 171.09 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.74 569.25 Td (information ) Tj ET Q q 0 0 0 rg BT 233.38 569.25 Td (required ) Tj ET Q q 0 0 0 rg BT 268.13 569.25 Td (is ) Tj ET Q q 0 0 0 rg BT 276.24 569.25 Td (available, ) Tj ET Q q 0 0 0 rg BT 316.26 569.25 Td (other ) Tj ET Q q 0 0 0 rg BT 338.24 569.25 Td (than ) Tj ET Q q 0 0 0 rg BT 356.89 569.25 Td (in ) Tj ET Q q 0 0 0 rg BT 366.11 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.76 569.25 Td (event ) Tj ET Q q 0 0 0 rg BT 402.85 569.25 Td (that ) Tj ET Q q 0 0 0 rg BT 419.28 569.25 Td (there ) Tj ET Q q 0 0 0 rg BT 440.70 569.25 Td (are ) Tj ET Q q 0 0 0 rg BT 454.34 569.25 Td (indications ) Tj ET Q q 0 0 0 rg BT 499.66 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 509.42 569.25 Td (impairment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 557.25 Td (when ) Tj ET Q q 0 0 0 rg BT 77.94 557.25 Td (an ) Tj ET Q q 0 0 0 rg BT 89.65 557.25 Td (immediate ) Tj ET Q q 0 0 0 rg BT 134.14 557.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 180.86 557.25 Td (is ) Tj ET Q q 0 0 0 rg BT 189.80 557.25 Td (necessary) Tj ET Q q 0 0 0 rg BT 228.02 557.25 Td (. ) Tj ET Q q 0 0 0 rg BT 232.80 557.25 Td (In ) Tj ET Q q 0 0 0 rg BT 243.41 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.90 557.25 Td (same ) Tj ET Q q 0 0 0 rg BT 280.73 557.25 Td (way) Tj ET Q q 0 0 0 rg BT 296.74 557.25 Td (, ) Tj ET Q q 0 0 0 rg BT 301.51 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.01 557.25 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 352.71 557.25 Td (valuations ) Tj ET Q q 0 0 0 rg BT 396.09 557.25 Td (that ) Tj ET Q q 0 0 0 rg BT 413.36 557.25 Td (are ) Tj ET Q q 0 0 0 rg BT 427.85 557.25 Td (required ) Tj ET Q q 0 0 0 rg BT 463.44 557.25 Td (for ) Tj ET Q q 0 0 0 rg BT 477.38 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 491.87 557.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 549.69 557.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 545.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 95.16 545.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 125.22 545.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 169.18 545.25 Td (are ) Tj ET Q q 0 0 0 rg BT 183.68 545.25 Td (also ) Tj ET Q q 0 0 0 rg BT 202.08 545.25 Td (usually ) Tj ET Q q 0 0 0 rg BT 233.26 545.25 Td (carried ) Tj ET Q q 0 0 0 rg BT 263.31 545.25 Td (out ) Tj ET Q q 0 0 0 rg BT 278.38 545.25 Td (during ) Tj ET Q q 0 0 0 rg BT 306.78 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 321.29 545.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 369.11 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 379.74 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 394.25 545.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 423.19 545.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 476.03 545.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 513.30 545.25 Td (statements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 533.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 81.50 533.25 Td (in ) Tj ET Q q 0 0 0 rg BT 91.78 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.50 533.25 Td (event ) Tj ET Q q 0 0 0 rg BT 130.65 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.48 533.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 186.19 533.25 Td (market ) Tj ET Q q 0 0 0 rg BT 216.46 533.25 Td (fluctuation, ) Tj ET Q q 0 0 0 rg BT 264.78 533.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 284.49 533.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 337.54 533.25 Td (or ) Tj ET Q q 0 0 0 rg BT 348.37 533.25 Td (curtailments ) Tj ET Q q 0 0 0 rg BT 400.29 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 417.23 533.25 Td (settlements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 521.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 509.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 509.25 Td (The ) Tj ET Q q 0 0 0 rg BT 108.43 509.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 156.85 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 168.06 509.25 Td (income ) Tj ET Q q 0 0 0 rg BT 200.38 509.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 223.80 509.25 Td (is ) Tj ET Q q 0 0 0 rg BT 233.35 509.25 Td (based ) Tj ET Q q 0 0 0 rg BT 259.00 509.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 281.88 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.98 509.25 Td (best ) Tj ET Q q 0 0 0 rg BT 315.97 509.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 352.17 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 363.38 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.48 509.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 405.23 509.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 420.33 509.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 438.20 509.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 476.61 509.25 Td (for ) Tj ET Q q 0 0 0 rg BT 491.15 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 506.25 509.25 Td (full ) Tj ET Q q 0 0 0 rg BT 523.02 509.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 497.25 Td (year ) Tj ET Q q 0 0 0 rg BT 73.71 497.25 Td (for ) Tj ET Q q 0 0 0 rg BT 87.87 497.25 Td (each ) Tj ET Q q 0 0 0 rg BT 108.68 497.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 133.96 497.25 Td (included ) Tj ET Q q 0 0 0 rg BT 170.89 497.25 Td (in ) Tj ET Q q 0 0 0 rg BT 181.17 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 195.88 497.25 Td (scope ) Tj ET Q q 0 0 0 rg BT 221.15 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 231.98 497.25 Td (consolidation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 485.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 473.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 473.25 Td (The ) Tj ET Q q 0 0 0 rg BT 107.50 473.25 Td (Group) Tj ET Q q 0 0 0 rg BT 135.83 473.25 Td (s ) Tj ET Q q 0 0 0 rg BT 141.68 473.25 Td (presentation ) Tj ET Q q 0 0 0 rg BT 192.50 473.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 229.43 473.25 Td (is ) Tj ET Q q 0 0 0 rg BT 238.06 473.25 Td (Euro, ) Tj ET Q q 0 0 0 rg BT 261.95 473.25 Td (which ) Tj ET Q q 0 0 0 rg BT 288.35 473.25 Td (is ) Tj ET Q q 0 0 0 rg BT 296.97 473.25 Td (also ) Tj ET Q q 0 0 0 rg BT 315.03 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.20 473.25 Td (functional ) Tj ET Q q 0 0 0 rg BT 371.70 473.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 408.63 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 418.92 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.09 473.25 Td (Company) Tj ET Q q 0 0 0 rg BT 471.32 473.25 Td (, ) Tj ET Q q 0 0 0 rg BT 475.78 473.25 Td (and ) Tj ET Q q 0 0 0 rg BT 492.17 473.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 519.13 473.25 Td (otherwise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 461.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 79.83 461.25 Td (information ) Tj ET Q q 0 0 0 rg BT 129.54 461.25 Td (is ) Tj ET Q q 0 0 0 rg BT 138.71 461.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 179.52 461.25 Td (in ) Tj ET Q q 0 0 0 rg BT 189.80 461.25 Td (thousands ) Tj ET Q q 0 0 0 rg BT 232.30 461.25 Td (of ) Tj ET Q q 0 0 0 rg BT 243.13 461.25 Td (Euro.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 449.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 437.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 437.25 Td (Format ) Tj ET Q q 0 0 0 rg BT 124.71 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 135.54 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 151.37 437.25 Td (Interim ) Tj ET Q q 0 0 0 rg BT 186.64 437.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 236.37 437.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 295.00 437.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 337.50 437.25 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 425.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 413.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 413.25 Td (The ) Tj ET Q q 0 0 0 rg BT 107.59 413.25 Td (Interim ) Tj ET Q q 0 0 0 rg BT 139.07 413.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 185.55 413.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 240.36 413.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 279.62 413.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 325.54 413.25 Td (include ) Tj ET Q q 0 0 0 rg BT 357.02 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.28 413.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 402.20 413.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 454.79 413.25 Td (income ) Tj ET Q q 0 0 0 rg BT 486.26 413.25 Td (statement, ) Tj ET Q q 0 0 0 rg BT 529.12 413.25 Td (interim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 401.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 110.42 401.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 154.62 401.25 Td (of ) Tj ET Q q 0 0 0 rg BT 168.83 401.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 235.24 401.25 Td (income/\(loss\), ) Tj ET Q q 0 0 0 rg BT 298.06 401.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 332.82 401.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 389.24 401.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 433.44 401.25 Td (of ) Tj ET Q q 0 0 0 rg BT 447.65 401.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 488.51 401.25 Td (position, ) Tj ET Q q 0 0 0 rg BT 529.12 401.25 Td (interim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 389.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 107.04 389.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 147.86 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.69 389.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 178.96 389.25 Td (flows, ) Tj ET Q q 0 0 0 rg BT 206.18 389.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 237.56 389.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 290.61 389.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 331.43 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 342.26 389.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 376.96 389.25 Td (in ) Tj ET Q q 0 0 0 rg BT 387.24 389.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 414.74 389.25 Td (and ) Tj ET Q q 0 0 0 rg BT 431.68 389.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 455.28 389.25 Td (thereto.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 377.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 365.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 365.25 Td (New standards and amendments effective fr) Tj ET Q q 0 0 0 rg BT 277.29 365.25 Td (om January1, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 353.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 341.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 341.25 Td (The ) Tj ET Q q 0 0 0 rg BT 108.45 341.25 Td (following ) Tj ET Q q 0 0 0 rg BT 150.24 341.25 Td (new ) Tj ET Q q 0 0 0 rg BT 169.81 341.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 210.48 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 227.83 341.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 281.27 341.25 Td (that ) Tj ET Q q 0 0 0 rg BT 299.17 341.25 Td (are ) Tj ET Q q 0 0 0 rg BT 314.29 341.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 358.28 341.25 Td (from ) Tj ET Q q 0 0 0 rg BT 380.63 341.25 Td (January1, ) Tj ET Q q 0 0 0 rg BT 424.63 341.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 447.53 341.25 Td (were ) Tj ET Q q 0 0 0 rg BT 469.87 341.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 504.43 341.25 Td (by ) Tj ET Q q 0 0 0 rg BT 517.33 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 532.46 341.25 Td (Group ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 329.25 Td (for ) Tj ET Q q 0 0 0 rg BT 68.16 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 82.88 329.25 Td (purpose ) Tj ET Q q 0 0 0 rg BT 117.04 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.87 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.58 329.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 190.62 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 201.45 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.16 329.25 Td (Interim ) Tj ET Q q 0 0 0 rg BT 248.10 329.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 295.04 329.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 350.31 329.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 390.02 329.25 Td (Statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 305.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 305.25 Td (The ) Tj ET Q q 0 0 0 rg BT 125.78 305.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 153.56 305.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 187.45 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.89 305.25 Td (narrow ) Tj ET Q q 0 0 0 rg BT 232.44 305.25 Td (scope ) Tj ET Q q 0 0 0 rg BT 257.44 305.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 310.21 305.25 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 320.22 305.25 Td (IAS ) Tj ET Q q 0 0 0 rg BT 336.89 305.25 Td (19 ) Tj ET Q q 0 0 0 rg BT 349.12 305.25 Td (- ) Tj ET Q q 0 0 0 rg BT 354.68 305.25 Td (Employee ) Tj ET Q q 0 0 0 rg BT 396.34 305.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 429.67 305.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 461.89 305.25 Td (Defined ) Tj ET Q q 0 0 0 rg BT 501.34 305.25 Td (Benefit ) Tj ET Q q 0 0 0 rg BT 531.89 305.25 Td (Plans: ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 293.25 Td (Employee ) Tj ET Q q 0 0 0 rg BT 150.25 293.25 Td (Contributions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.38 293.25 Td ( ) Tj ET Q q 0 0 0 rg BT 214.20 293.25 Td (which ) Tj ET Q q 0 0 0 rg BT 241.46 293.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 266.50 293.25 Td (to ) Tj ET Q q 0 0 0 rg BT 277.10 293.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 332.70 293.25 Td (from ) Tj ET Q q 0 0 0 rg BT 354.96 293.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 400.55 293.25 Td (or ) Tj ET Q q 0 0 0 rg BT 411.70 293.25 Td (third ) Tj ET Q q 0 0 0 rg BT 433.42 293.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 462.89 293.25 Td (to ) Tj ET Q q 0 0 0 rg BT 473.50 293.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 506.31 293.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 536.89 293.25 Td (plans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 281.25 Td (in ) Tj ET Q q 0 0 0 rg BT 117.75 281.25 Td (order ) Tj ET Q q 0 0 0 rg BT 140.82 281.25 Td (to ) Tj ET Q q 0 0 0 rg BT 150.57 281.25 Td (simplify ) Tj ET Q q 0 0 0 rg BT 185.88 281.25 Td (their ) Tj ET Q q 0 0 0 rg BT 206.17 281.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 252.02 281.25 Td (in ) Tj ET Q q 0 0 0 rg BT 261.77 281.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 294.83 281.25 Td (cases. ) Tj ET Q q 0 0 0 rg BT 320.26 281.25 Td (There ) Tj ET Q q 0 0 0 rg BT 345.55 281.25 Td (was ) Tj ET Q q 0 0 0 rg BT 363.07 281.25 Td (no ) Tj ET Q q 0 0 0 rg BT 375.04 281.25 Td (ef) Tj ET Q q 0 0 0 rg BT 382.63 281.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 399.59 281.25 Td (from ) Tj ET Q q 0 0 0 rg BT 421.00 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 435.19 281.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 472.15 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 482.46 281.25 Td (these ) Tj ET Q q 0 0 0 rg BT 504.97 281.25 Td (amendments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 257.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 257.25 Td (The ) Tj ET Q q 0 0 0 rg BT 126.09 257.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 154.18 257.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 188.37 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.13 257.25 Td (IASB) Tj ET Q q 0 0 0 rg BT 228.69 257.25 Td (s ) Tj ET Q q 0 0 0 rg BT 234.56 257.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 266.54 257.25 Td (Improvements ) Tj ET Q q 0 0 0 rg BT 326.84 257.25 Td (to ) Tj ET Q q 0 0 0 rg BT 337.16 257.25 Td (IFRSs ) Tj ET Q q 0 0 0 rg BT 364.71 257.25 Td (2010 ) Tj ET Q q 0 0 0 rg BT 387.25 257.25 Td (- ) Tj ET Q q 0 0 0 rg BT 393.12 257.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 415.66 257.25 Td (Cycle ) Tj ET Q q 0 0 0 rg BT 441.52 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 457.94 257.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 489.92 257.25 Td (Improvements ) Tj ET Q q 0 0 0 rg BT 550.22 257.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 245.25 Td (IFRSs ) Tj ET Q q 0 0 0 rg BT 134.37 245.25 Td (201) Tj ET Q q 0 0 0 rg BT 149.00 245.25 Td (1-2013 ) Tj ET Q q 0 0 0 rg BT 178.68 245.25 Td (Cycle. ) Tj ET Q q 0 0 0 rg BT 205.76 245.25 Td (The ) Tj ET Q q 0 0 0 rg BT 222.66 245.25 Td (most ) Tj ET Q q 0 0 0 rg BT 243.46 245.25 Td (important ) Tj ET Q q 0 0 0 rg BT 283.69 245.25 Td (topics ) Tj ET Q q 0 0 0 rg BT 308.93 245.25 Td (addressed ) Tj ET Q q 0 0 0 rg BT 349.71 245.25 Td (in ) Tj ET Q q 0 0 0 rg BT 358.84 245.25 Td (these ) Tj ET Q q 0 0 0 rg BT 380.74 245.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 432.64 245.25 Td (are, ) Tj ET Q q 0 0 0 rg BT 448.70 245.25 Td (among ) Tj ET Q q 0 0 0 rg BT 477.27 245.25 Td (others, ) Tj ET Q q 0 0 0 rg BT 505.56 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.13 245.25 Td (definition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.22 233.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 150.99 233.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 195.54 233.25 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 206.21 233.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 229.64 233.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 237.53 233.25 Td (- ) Tj ET Q q 0 0 0 rg BT 243.75 233.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 262.27 233.25 Td (e-based ) Tj ET Q q 0 0 0 rg BT 296.25 233.25 Td (Payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.13 233.25 Td (, ) Tj ET Q q 0 0 0 rg BT 340.52 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 355.62 233.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 399.06 233.25 Td (on ) Tj ET Q q 0 0 0 rg BT 411.94 233.25 Td (judgment ) Tj ET Q q 0 0 0 rg BT 452.60 233.25 Td (used ) Tj ET Q q 0 0 0 rg BT 473.82 233.25 Td (in ) Tj ET Q q 0 0 0 rg BT 484.49 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 499.59 233.25 Td (aggregation ) Tj ET Q q 0 0 0 rg BT 549.68 233.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 221.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 147.77 221.25 Td (segments ) Tj ET Q q 0 0 0 rg BT 186.99 221.25 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 196.78 221.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 219.33 221.25 Td (8 ) Tj ET Q q 0 0 0 rg BT 226.33 221.25 Td (- ) Tj ET Q q 0 0 0 rg BT 231.67 221.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 274.79 221.25 Td (Segments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.55 221.25 Td (, ) Tj ET Q q 0 0 0 rg BT 317.06 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 331.28 221.25 Td (identification ) Tj ET Q q 0 0 0 rg BT 386.60 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 403.05 221.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 445.60 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 455.94 221.25 Td (a ) Tj ET Q q 0 0 0 rg BT 462.38 221.25 Td (related ) Tj ET Q q 0 0 0 rg BT 491.59 221.25 Td (party ) Tj ET Q q 0 0 0 rg BT 514.14 221.25 Td (transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 209.25 Td (that ) Tj ET Q q 0 0 0 rg BT 125.42 209.25 Td (arises ) Tj ET Q q 0 0 0 rg BT 150.62 209.25 Td (when ) Tj ET Q q 0 0 0 rg BT 174.70 209.25 Td (a ) Tj ET Q q 0 0 0 rg BT 181.57 209.25 Td (management ) Tj ET Q q 0 0 0 rg BT 235.08 209.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 260.29 209.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 297.15 209.25 Td (key ) Tj ET Q q 0 0 0 rg BT 314.02 209.25 Td (management ) Tj ET Q q 0 0 0 rg BT 367.53 209.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 408.83 209.25 Td (service ) Tj ET Q q 0 0 0 rg BT 439.58 209.25 Td (to ) Tj ET Q q 0 0 0 rg BT 449.78 209.25 Td (a ) Tj ET Q q 0 0 0 rg BT 456.65 209.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 495.73 209.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 520.93 209.25 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 531.13 209.25 Td (IAS ) Tj ET Q q 0 0 0 rg BT 548.00 209.25 Td (24 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 197.25 Td (- ) Tj ET Q q 0 0 0 rg BT 113.81 197.25 Td (Related ) Tj ET Q q 0 0 0 rg BT 146.83 197.25 Td (Party ) Tj ET Q q 0 0 0 rg BT 171.53 197.25 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 210.05 197.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.38 197.25 Td (, ) Tj ET Q q 0 0 0 rg BT 223.36 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 238.05 197.25 Td (extension ) Tj ET Q q 0 0 0 rg BT 278.86 197.25 Td (of ) Tj ET Q q 0 0 0 rg BT 289.67 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 304.36 197.25 Td (exclusion ) Tj ET Q q 0 0 0 rg BT 345.17 197.25 Td (from ) Tj ET Q q 0 0 0 rg BT 367.09 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.78 197.25 Td (scope ) Tj ET Q q 0 0 0 rg BT 407.03 197.25 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 417.84 197.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 440.87 197.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 448.35 197.25 Td (- ) Tj ET Q q 0 0 0 rg BT 454.16 197.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 491.64 197.25 Td (Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.75 197.25 Td ( ) Tj ET Q q 0 0 0 rg BT 550.23 197.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 185.25 Td (all ) Tj ET Q q 0 0 0 rg BT 122.08 185.25 Td (types ) Tj ET Q q 0 0 0 rg BT 147.27 185.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.68 185.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 182.09 185.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 240.04 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.56 185.25 Td (to ) Tj ET Q q 0 0 0 rg BT 270.42 185.25 Td (clarify ) Tj ET Q q 0 0 0 rg BT 300.59 185.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.89 185.25 Td (application ) Tj ET Q q 0 0 0 rg BT 365.40 185.25 Td (of ) Tj ET Q q 0 0 0 rg BT 377.81 185.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 409.10 185.25 Td (exceptions ) Tj ET Q q 0 0 0 rg BT 455.94 185.25 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 467.80 185.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 492.43 185.25 Td (13 ) Tj ET Q q 0 0 0 rg BT 506.51 185.25 Td (- ) Tj ET Q q 0 0 0 rg BT 513.92 185.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 535.78 185.25 Td (V) Tj ET Q q 0 0 0 rg BT 540.78 185.25 Td (alue ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 173.25 Td (Measur) Tj ET Q q 0 0 0 rg BT 138.18 173.25 Td (ement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.06 173.25 Td (. ) Tj ET Q q 0 0 0 rg BT 166.88 173.25 Td (There ) Tj ET Q q 0 0 0 rg BT 192.69 173.25 Td (was ) Tj ET Q q 0 0 0 rg BT 210.74 173.25 Td (no ) Tj ET Q q 0 0 0 rg BT 223.24 173.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 267.96 173.25 Td (ef) Tj ET Q q 0 0 0 rg BT 275.54 173.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 293.03 173.25 Td (from ) Tj ET Q q 0 0 0 rg BT 314.97 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.68 173.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 367.18 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 378.01 173.25 Td (these ) Tj ET Q q 0 0 0 rg BT 401.06 173.25 Td (amendments.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 149.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 149.25 Td (Amendments issued in 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 125.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 125.25 Td (On ) Tj ET Q q 0 0 0 rg BT 105.06 125.25 Td (September ) Tj ET Q q 0 0 0 rg BT 150.66 125.25 Td (1) Tj ET Q q 0 0 0 rg BT 155.29 125.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 165.63 125.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 188.47 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.52 125.25 Td (IASB ) Tj ET Q q 0 0 0 rg BT 229.14 125.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 256.98 125.25 Td (an ) Tj ET Q q 0 0 0 rg BT 269.26 125.25 Td (amendment ) Tj ET Q q 0 0 0 rg BT 318.75 125.25 Td (to ) Tj ET Q q 0 0 0 rg BT 329.37 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 344.42 125.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 378.90 125.25 Td (standard, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 418.12 125.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 441.50 125.25 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.50 125.25 Td ( ) Tj ET Q q 0 0 0 rg BT 454.34 125.25 Td (- ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.51 125.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 497.21 125.25 Td (fr) Tj ET Q q 0 0 0 rg BT 503.51 125.25 Td (om ) Tj ET Q q 0 0 0 rg BT 518.57 125.25 Td (Contracts ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 113.25 Td (with ) Tj ET Q q 0 0 0 rg BT 73.73 113.25 Td (Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.51 113.25 Td (, ) Tj ET Q q 0 0 0 rg BT 121.51 113.25 Td (formalizing ) Tj ET Q q 0 0 0 rg BT 170.66 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.38 113.25 Td (deferral ) Tj ET Q q 0 0 0 rg BT 218.96 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 229.79 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 244.51 113.25 Td (ef) Tj ET Q q 0 0 0 rg BT 252.10 113.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 281.80 113.25 Td (date ) Tj ET Q q 0 0 0 rg BT 300.95 113.25 Td (by ) Tj ET Q q 0 0 0 rg BT 313.45 113.25 Td (one ) Tj ET Q q 0 0 0 rg BT 330.39 113.25 Td (year ) Tj ET Q q 0 0 0 rg BT 350.10 113.25 Td (to ) Tj ET Q q 0 0 0 rg BT 360.38 113.25 Td (2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 101.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 101.25 Td (At ) Tj ET Q q 0 0 0 rg BT 102.00 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.21 101.25 Td (date ) Tj ET Q q 0 0 0 rg BT 134.86 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 145.19 101.25 Td (these ) Tj ET Q q 0 0 0 rg BT 167.73 101.25 Td (Interim ) Tj ET Q q 0 0 0 rg BT 199.16 101.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 245.59 101.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 300.36 101.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 339.57 101.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 385.45 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 399.66 101.25 Td (IASB ) Tj ET Q q 0 0 0 rg BT 424.44 101.25 Td (had ) Tj ET Q q 0 0 0 rg BT 440.88 101.25 Td (not ) Tj ET Q q 0 0 0 rg BT 455.65 101.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 482.65 101.25 Td (any ) Tj ET Q q 0 0 0 rg BT 499.08 101.25 Td (new ) Tj ET Q q 0 0 0 rg BT 517.74 101.25 Td (standards, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 89.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 107.20 89.25 Td (or ) Tj ET Q q 0 0 0 rg BT 118.18 89.25 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 178.59 89.25 Td (in ) Tj ET Q q 0 0 0 rg BT 189.02 89.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 224.45 89.25 Td (to ) Tj ET Q q 0 0 0 rg BT 234.88 89.25 Td (those ) Tj ET Q q 0 0 0 rg BT 258.65 89.25 Td (described ) Tj ET Q q 0 0 0 rg BT 299.62 89.25 Td (in ) Tj ET Q q 0 0 0 rg BT 310.05 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.92 89.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 380.35 89.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 420.21 89.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 466.75 89.25 Td (at ) Tj ET Q q 0 0 0 rg BT 476.62 89.25 Td (December ) Tj ET Q q 0 0 0 rg BT 520.35 89.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 535.51 89.25 Td (2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 77.25 Td (Reference ) Tj ET Q q 0 0 0 rg BT 96.79 77.25 Td (should ) Tj ET Q q 0 0 0 rg BT 125.72 77.25 Td (be ) Tj ET Q q 0 0 0 rg BT 137.43 77.25 Td (made ) Tj ET Q q 0 0 0 rg BT 161.35 77.25 Td (to ) Tj ET Q q 0 0 0 rg BT 171.39 77.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.88 77.25 Td (section ) Tj ET Q q 0 0 0 rg BT 216.47 77.25 Td (New ) Tj ET Q q 0 0 0 rg BT 242.05 77.25 Td (standards, ) Tj ET Q q 0 0 0 rg BT 284.59 77.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 337.39 77.25 Td (and ) Tj ET Q q 0 0 0 rg BT 354.10 77.25 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 414.12 77.25 Td (not ) Tj ET Q q 0 0 0 rg BT 429.17 77.25 Td (yet ) Tj ET Q q 0 0 0 rg BT 443.65 77.25 Td (ef) Tj ET Q q 0 0 0 rg BT 451.24 77.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 480.70 77.25 Td (in ) Tj ET Q q 0 0 0 rg BT 490.75 77.25 Td (the ) Tj ET Q q 0 0 0 rg BT 505.23 77.25 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 65.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 93.71 65.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 144.53 65.25 Td (for ) Tj ET Q q 0 0 0 rg BT 158.69 65.25 Td (a ) Tj ET Q q 0 0 0 rg BT 165.63 65.25 Td (detailed ) Tj ET Q q 0 0 0 rg BT 199.78 65.25 Td (description ) Tj ET Q q 0 0 0 rg BT 246.71 65.25 Td (of ) Tj ET Q q 0 0 0 rg BT 257.54 65.25 Td (new ) Tj ET Q q 0 0 0 rg BT 276.71 65.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 316.97 65.25 Td (not ) Tj ET Q q 0 0 0 rg BT 332.25 65.25 Td (yet ) Tj ET Q q 0 0 0 rg BT 346.97 65.25 Td (ef) Tj ET Q q 0 0 0 rg BT 354.56 65.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 384.26 65.25 Td (at ) Tj ET Q q 0 0 0 rg BT 393.98 65.25 Td (September ) Tj ET Q q 0 0 0 rg BT 439.24 65.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 454.24 65.25 Td (2015.) Tj ET Q endstream endobj 81 0 obj <> endobj 82 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.85 760.75 Td (FERRARI N.V) Tj ET Q q 0 0 0 rg BT 336.56 760.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.20 748.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 143.42 748.75 Td (T) Tj ET Q q 0 0 0 rg BT 149.91 748.75 Td (O ) Tj ET Q q 0 0 0 rg BT 160.01 748.75 Td (THE INTERIM CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 356.24 748.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 435.42 748.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 449.41 748.75 Td (A) Tj ET Q q 0 0 0 rg BT 455.89 748.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 736.75 Td (\(Unaudited\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-37) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 713.25 Td (Scope of consolidation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 689.25 Td (On ) Tj ET Q q 0 0 0 rg BT 103.84 689.25 Td (September ) Tj ET Q q 0 0 0 rg BT 148.22 689.25 Td (23, ) Tj ET Q q 0 0 0 rg BT 162.33 689.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 186.45 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.28 689.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 227.45 689.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 258.48 689.25 Td (into ) Tj ET Q q 0 0 0 rg BT 275.66 689.25 Td (an ) Tj ET Q q 0 0 0 rg BT 286.71 689.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 329.97 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 339.36 689.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 354.86 689.25 Td (a ) Tj ET Q q 0 0 0 rg BT 360.92 689.25 Td (group ) Tj ET Q q 0 0 0 rg BT 385.86 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 395.81 689.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 420.75 689.25 Td (related ) Tj ET Q q 0 0 0 rg BT 449.57 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 458.96 689.25 Td (its ) Tj ET Q q 0 0 0 rg BT 470.03 689.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 515.52 689.25 Td (properties, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 677.25 Td (including ) Tj ET Q q 0 0 0 rg BT 94.16 677.25 Td (its ) Tj ET Q q 0 0 0 rg BT 106.00 677.25 Td (participation ) Tj ET Q q 0 0 0 rg BT 158.93 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 169.10 677.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 198.69 677.25 Td (GE.D. ) Tj ET Q q 0 0 0 rg BT 226.64 677.25 Td (S.p.A. ) Tj ET Q q 0 0 0 rg BT 254.31 677.25 Td (to ) Tj ET Q q 0 0 0 rg BT 264.48 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.09 677.25 Td (tenant, ) Tj ET Q q 0 0 0 rg BT 308.41 677.25 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 345.78 677.25 Td (S.p.A.. ) Tj ET Q q 0 0 0 rg BT 375.96 677.25 Td (Further ) Tj ET Q q 0 0 0 rg BT 407.79 677.25 Td (details ) Tj ET Q q 0 0 0 rg BT 436.28 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 447.00 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.61 677.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 507.87 677.25 Td (are ) Tj ET Q q 0 0 0 rg BT 522.47 677.25 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 64.28 665.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 86.22 665.25 Td (15.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 641.25 Td (On ) Tj ET Q q 0 0 0 rg BT 104.43 641.25 Td (July ) Tj ET Q q 0 0 0 rg BT 123.31 641.25 Td (28, ) Tj ET Q q 0 0 0 rg BT 138.02 641.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 162.73 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.16 641.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 204.92 641.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 241.55 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 255.98 641.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 298.73 641.25 Td (10% ) Tj ET Q q 0 0 0 rg BT 319.27 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 329.81 641.25 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 394.23 641.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 425.87 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 436.41 641.25 Td (its ) Tj ET Q q 0 0 0 rg BT 448.07 641.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 491.39 641.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 520.80 641.25 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 629.25 Td (Services ) Tj ET Q q 0 0 0 rg BT 90.38 629.25 Td (S.p.A. ) Tj ET Q q 0 0 0 rg BT 118.16 629.25 Td (from ) Tj ET Q q 0 0 0 rg BT 139.55 629.25 Td (Aldasa ) Tj ET Q q 0 0 0 rg BT 169.82 629.25 Td (GmbH, ) Tj ET Q q 0 0 0 rg BT 202.04 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 218.98 629.25 Td (as ) Tj ET Q q 0 0 0 rg BT 229.81 629.25 Td (a ) Tj ET Q q 0 0 0 rg BT 236.74 629.25 Td (result ) Tj ET Q q 0 0 0 rg BT 261.46 629.25 Td (owns ) Tj ET Q q 0 0 0 rg BT 285.07 629.25 Td (100% ) Tj ET Q q 0 0 0 rg BT 310.90 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 321.73 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.45 629.25 Td (share ) Tj ET Q q 0 0 0 rg BT 360.05 629.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 389.20 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 400.03 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.75 629.25 Td (company) Tj ET Q q 0 0 0 rg BT 450.75 629.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 605.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 115.27 605.25 Td (than ) Tj ET Q q 0 0 0 rg BT 134.99 605.25 Td (as ) Tj ET Q q 0 0 0 rg BT 145.82 605.25 Td (set ) Tj ET Q q 0 0 0 rg BT 159.42 605.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 181.36 605.25 Td (above, ) Tj ET Q q 0 0 0 rg BT 210.24 605.25 Td (there ) Tj ET Q q 0 0 0 rg BT 232.72 605.25 Td (has ) Tj ET Q q 0 0 0 rg BT 248.55 605.25 Td (been ) Tj ET Q q 0 0 0 rg BT 269.93 605.25 Td (no ) Tj ET Q q 0 0 0 rg BT 282.43 605.25 Td (change ) Tj ET Q q 0 0 0 rg BT 313.25 605.25 Td (in ) Tj ET Q q 0 0 0 rg BT 323.53 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.24 605.25 Td (scope ) Tj ET Q q 0 0 0 rg BT 363.51 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 374.34 605.25 Td (consolidation.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 581.25 Td (4. FINANCIAL) Tj ET Q q 0 0 0 rg BT 125.12 581.25 Td ( RISK F) Tj ET Q q 0 0 0 rg BT 159.94 581.25 Td (ACT) Tj ET Q q 0 0 0 rg BT 180.87 581.25 Td (ORS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 569.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 557.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 557.25 Td (The ) Tj ET Q q 0 0 0 rg BT 108.15 557.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 136.31 557.25 Td (is ) Tj ET Q q 0 0 0 rg BT 145.59 557.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 180.97 557.25 Td (to ) Tj ET Q q 0 0 0 rg BT 191.35 557.25 Td (various ) Tj ET Q q 0 0 0 rg BT 223.40 557.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 270.99 557.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 308.57 557.25 Td (risks, ) Tj ET Q q 0 0 0 rg BT 332.57 557.25 Td (including ) Tj ET Q q 0 0 0 rg BT 372.95 557.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 398.33 557.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 418.43 557.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 454.93 557.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 475.04 557.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 512.63 557.25 Td (market ) Tj ET Q q 0 0 0 rg BT 543.00 557.25 Td (risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 545.25 Td (\(relating ) Tj ET Q q 0 0 0 rg BT 89.36 545.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 118.62 545.25 Td (to ) Tj ET Q q 0 0 0 rg BT 127.89 545.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 158.26 545.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 194.72 545.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 233.97 545.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 254.33 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 270.26 545.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 301.18 545.25 Td (rates\). ) Tj ET Q q 0 0 0 rg BT 327.27 545.25 Td (The ) Tj ET Q q 0 0 0 rg BT 344.31 545.25 Td (Interim ) Tj ET Q q 0 0 0 rg BT 375.23 545.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 421.16 545.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 475.42 545.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 514.12 545.25 Td (Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 533.25 Td (do ) Tj ET Q q 0 0 0 rg BT 66.06 533.25 Td (not ) Tj ET Q q 0 0 0 rg BT 80.90 533.25 Td (include ) Tj ET Q q 0 0 0 rg BT 112.40 533.25 Td (all ) Tj ET Q q 0 0 0 rg BT 124.46 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.73 533.25 Td (information ) Tj ET Q q 0 0 0 rg BT 188.01 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.51 533.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 227.68 533.25 Td (on ) Tj ET Q q 0 0 0 rg BT 239.74 533.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 276.78 533.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 293.85 533.25 Td (management ) Tj ET Q q 0 0 0 rg BT 347.00 533.25 Td (required ) Tj ET Q q 0 0 0 rg BT 382.37 533.25 Td (in ) Tj ET Q q 0 0 0 rg BT 392.21 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 406.49 533.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 454.09 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 464.48 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.76 533.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 507.48 533.25 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 521.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 91.77 521.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 139.27 521.25 Td (For ) Tj ET Q q 0 0 0 rg BT 155.96 521.25 Td (a ) Tj ET Q q 0 0 0 rg BT 163.18 521.25 Td (detailed ) Tj ET Q q 0 0 0 rg BT 197.63 521.25 Td (description ) Tj ET Q q 0 0 0 rg BT 244.85 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.97 521.25 Td (this ) Tj ET Q q 0 0 0 rg BT 273.21 521.25 Td (information ) Tj ET Q q 0 0 0 rg BT 323.21 521.25 Td (for ) Tj ET Q q 0 0 0 rg BT 337.66 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.67 521.25 Td (Group, ) Tj ET Q q 0 0 0 rg BT 383.51 521.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 423.48 521.25 Td (should ) Tj ET Q q 0 0 0 rg BT 452.95 521.25 Td (be ) Tj ET Q q 0 0 0 rg BT 465.17 521.25 Td (made ) Tj ET Q q 0 0 0 rg BT 489.62 521.25 Td (to ) Tj ET Q q 0 0 0 rg BT 500.19 521.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 522.42 521.25 Td (29 ) Tj ET Q q 0 0 0 rg BT 535.21 521.25 Td (to ) Tj ET Q q 0 0 0 rg BT 545.78 521.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 509.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 109.27 509.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 148.99 509.25 Td (Statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 497.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 485.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 485.25 Td (There ) Tj ET Q q 0 0 0 rg BT 117.34 485.25 Td (have ) Tj ET Q q 0 0 0 rg BT 140.24 485.25 Td (been ) Tj ET Q q 0 0 0 rg BT 163.14 485.25 Td (no ) Tj ET Q q 0 0 0 rg BT 177.17 485.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 213.40 485.25 Td (in ) Tj ET Q q 0 0 0 rg BT 225.20 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.44 485.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 260.47 485.25 Td (management ) Tj ET Q q 0 0 0 rg BT 315.58 485.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 350.71 485.25 Td (as ) Tj ET Q q 0 0 0 rg BT 363.06 485.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 406.51 485.25 Td (to ) Tj ET Q q 0 0 0 rg BT 418.31 485.25 Td (those ) Tj ET Q q 0 0 0 rg BT 443.45 485.25 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 484.69 485.25 Td (in ) Tj ET Q q 0 0 0 rg BT 496.49 485.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 519.95 485.25 Td (29 ) Tj ET Q q 0 0 0 rg BT 533.98 485.25 Td (to ) Tj ET Q q 0 0 0 rg BT 545.78 485.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 473.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 109.27 473.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 148.99 473.25 Td (Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 437.25 Td (5. OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 155.76 437.25 Td (TION ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 413.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 413.25 Td (The principal foreign currency exchange rates used to translate other currencies into Euro were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 328.75 93.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 146.50 328.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 328.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 328.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 328.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 328.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 328.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 328.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 328.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 328.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 300.75 93.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 146.50 300.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 300.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 300.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 300.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 300.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 300.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 300.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 300.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 300.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 272.75 93.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 146.50 272.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 272.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 272.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 272.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 272.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 272.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 272.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 272.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 272.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 244.75 93.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 146.50 244.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 244.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 244.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 244.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 244.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 244.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 244.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 244.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 244.75 79.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 146.5 376.75 m 225.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 376.75 m 229.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 376.75 m 308.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 376.75 m 391.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 376.75 m 395.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 376.75 m 474.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 376.75 m 478.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 376.75 m 557.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 146.5 376.75 m 225.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 146.5 328.75 m 225.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 376.75 m 308.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 328.75 m 308.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 376.75 m 391.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 328.75 m 391.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 376.75 m 474.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 328.75 m 474.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 376.75 m 557.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 328.75 m 557.5 328.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 218.00 381.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.50 381.20 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 155.90 351.20 Td (A) Tj ET Q q 0 0 0 rg BT 161.73 351.20 Td (verage for) Tj ET Q q 0 0 0 rg BT 200.79 351.20 Td ( the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 149.20 342.20 Td (nine months ended ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 158.05 333.20 Td (September) Tj ET Q q 0 0 0 rg BT 199.38 333.20 Td ( 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 235.20 333.20 Td (At September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 321.90 351.20 Td (A) Tj ET Q q 0 0 0 rg BT 327.73 351.20 Td (verage for) Tj ET Q q 0 0 0 rg BT 366.79 351.20 Td ( the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 315.20 342.20 Td (nine months ended ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 324.05 333.20 Td (September) Tj ET Q q 0 0 0 rg BT 365.38 333.20 Td ( 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.20 333.20 Td (At September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.45 333.20 Td (At December 31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 319.21 Td (U.S. Dollar) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.25 319.21 Td (1.1142) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 280.25 319.21 Td (1.1203) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.25 319.21 Td (1.3550) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.25 319.21 Td (1.2583) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 319.21 Td (1.2141) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 305.21 Td (Pound Sterling) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.25 305.21 Td (0.7272) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 280.25 305.21 Td (0.7385) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.25 305.21 Td (0.8119) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.25 305.21 Td (0.7773) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 305.21 Td (0.7789) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 291.21 Td (Swiss Franc) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.25 291.21 Td (1.0620) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 280.25 291.21 Td (1.0915) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.25 291.21 Td (1.2180) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.25 291.21 Td (1.2063) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 291.21 Td (1.2024) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 277.21 Td (Japanese Yen) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 188.25 277.21 Td (134.7506) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 271.25 277.21 Td (134.6900) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.25 277.21 Td (139.4968) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.25 277.21 Td (138.1100) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.25 277.21 Td (145.2300) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 263.21 Td (Chinese Yuan) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.25 263.21 Td (6.9628) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 280.25 263.21 Td (7.1206) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.25 263.21 Td (8.3558) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.25 263.21 Td (7.7262) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 263.21 Td (7.5358) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 249.21 Td (Australian Dollar) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.25 249.21 Td (1.4629) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 280.25 249.21 Td (1.5939) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.25 249.21 Td (1.4760) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.25 249.21 Td (1.4442) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 249.21 Td (1.4829) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 235.21 Td (Singapore Dollar) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.25 235.21 Td (1.5198) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 280.25 235.21 Td (1.5921) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.25 235.21 Td (1.7041) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.25 235.21 Td (1.6063) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 235.21 Td (1.6058) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 83 0 obj <> endobj 84 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.85 760.75 Td (FERRARI N.V) Tj ET Q q 0 0 0 rg BT 336.56 760.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.20 748.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 143.42 748.75 Td (T) Tj ET Q q 0 0 0 rg BT 149.91 748.75 Td (O ) Tj ET Q q 0 0 0 rg BT 160.01 748.75 Td (THE INTERIM CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 356.24 748.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 435.42 748.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 449.41 748.75 Td (A) Tj ET Q q 0 0 0 rg BT 455.89 748.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 736.75 Td (\(Unaudited\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-38) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 689.25 Td (6. NET) Tj ET Q q 0 0 0 rg BT 89.38 689.25 Td ( REVENUES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 665.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 665.25 Td (Net revenues are as follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 63.00 577.75 229.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 577.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 577.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 577.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 577.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 577.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 577.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 577.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 63.00 549.75 229.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 549.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 549.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 549.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 549.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 549.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 549.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 549.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 63.00 521.75 229.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 521.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 521.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 521.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 521.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 521.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 521.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 521.75 61.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 619.75 m 353 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 619.75 m 357 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 619.75 m 418 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 619.75 m 483 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 619.75 m 487 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 619.75 m 548 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 619.75 m 353 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 605.75 m 353 605.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 619.75 m 418 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 605.75 m 418 605.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 619.75 m 483 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 605.75 m 483 605.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 619.75 m 548 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 605.75 m 548 605.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 521.75 m 353 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 508.75 m 353 508.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 506.75 m 353 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 521.75 m 418 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 508.75 m 418 508.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 506.75 m 418 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 521.75 m 483 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 508.75 m 483 508.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 506.75 m 483 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 521.75 m 548 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 508.75 m 548 508.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 506.75 m 548 506.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 303.40 633.20 Td (For the three months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 329.05 624.20 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.05 633.20 Td (For the nine months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.05 624.20 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 315.00 610.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 380.00 610.20 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.00 610.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.00 610.20 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.35 596.00 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.50 582.21 Td (Revenues from:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 77.50 568.21 Td (Cars and spare parts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.25 568.21 Td (537,696) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.25 568.21 Td (462,139) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.50 568.21 Td (1,544,999) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.50 568.21 Td (1,411,600) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 77.50 554.21 Td (Engines) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.75 554.21 Td (50,769) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.75 554.21 Td (75,974) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.25 554.21 Td (171,911) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.25 554.21 Td (228,467) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 77.50 540.21 Td (Sponsorship, commercial and brand) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.25 540.21 Td (109,725) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.25 540.21 Td (103,600) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.25 540.21 Td (322,006) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.25 540.21 Td (309,252) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 77.50 526.21 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.75 526.21 Td (24,956) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.75 526.21 Td (20,807) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.75 526.21 Td (70,967) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.75 526.21 Td (61,772) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.50 512.20 Td (Total net revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 320.25 512.20 Td (723,146) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 385.25 512.20 Td (662,520) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.50 512.20 Td (2,109,883) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 508.50 512.20 Td (2,011,091) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 484.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 484.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 115.22 484.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 154.89 484.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 190.67 484.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 222.56 484.25 Td (income ) Tj ET Q q 0 0 0 rg BT 254.45 484.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 295.77 484.25 Td (by ) Tj ET Q q 0 0 0 rg BT 308.22 484.25 Td (the ) Tj ET Q q 0 0 0 rg BT 322.89 484.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 352.55 484.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 392.22 484.25 Td (Services ) Tj ET Q q 0 0 0 rg BT 428.55 484.25 Td (group ) Tj ET Q q 0 0 0 rg BT 454.34 484.25 Td (and ) Tj ET Q q 0 0 0 rg BT 471.23 484.25 Td (net ) Tj ET Q q 0 0 0 rg BT 485.90 484.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 523.90 484.25 Td (from ) Tj ET Q q 0 0 0 rg BT 545.79 484.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 472.25 Td (management ) Tj ET Q q 0 0 0 rg BT 107.59 472.25 Td (of ) Tj ET Q q 0 0 0 rg BT 118.42 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.14 472.25 Td (Mugello ) Tj ET Q q 0 0 0 rg BT 169.52 472.25 Td (racetrack.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 448.25 Td (7. COST) Tj ET Q q 0 0 0 rg BT 96.05 448.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 112.07 448.25 Td ( SALES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 424.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 424.25 Td (Cost ) Tj ET Q q 0 0 0 rg BT 110.68 424.25 Td (of ) Tj ET Q q 0 0 0 rg BT 121.35 424.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 143.12 424.25 Td (for ) Tj ET Q q 0 0 0 rg BT 157.12 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.67 424.25 Td (three ) Tj ET Q q 0 0 0 rg BT 194.00 424.25 Td (months ) Tj ET Q q 0 0 0 rg BT 225.78 424.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 252.00 424.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 312.10 424.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 334.44 424.25 Td (and ) Tj ET Q q 0 0 0 rg BT 351.21 424.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 373.55 424.25 Td (amounted ) Tj ET Q q 0 0 0 rg BT 415.32 424.25 Td (to ) Tj ET Q q 0 0 0 rg BT 425.44 424.25 Td (372,277 ) Tj ET Q q 0 0 0 rg BT 465.28 424.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 503.72 424.25 Td (and ) Tj ET Q q 0 0 0 rg BT 520.50 424.25 Td (383,963 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 412.25 Td (thousand, ) Tj ET Q q 0 0 0 rg BT 95.82 412.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 143.48 412.25 Td (, ) Tj ET Q q 0 0 0 rg BT 149.20 412.25 Td (and ) Tj ET Q q 0 0 0 rg BT 166.85 412.25 Td (for ) Tj ET Q q 0 0 0 rg BT 181.73 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 197.16 412.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 217.59 412.25 Td (months ) Tj ET Q q 0 0 0 rg BT 250.25 412.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 277.34 412.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 338.32 412.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 361.53 412.25 Td (and ) Tj ET Q q 0 0 0 rg BT 379.19 412.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 402.40 412.25 Td (amounted ) Tj ET Q q 0 0 0 rg BT 445.05 412.25 Td (to ) Tj ET Q q 0 0 0 rg BT 456.04 412.25 Td (1,094,015 ) Tj ET Q q 0 0 0 rg BT 504.26 412.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 543.58 412.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 400.25 Td (1,121,909 ) Tj ET Q q 0 0 0 rg BT 101.80 400.25 Td (thousand, ) Tj ET Q q 0 0 0 rg BT 143.21 400.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 190.87 400.25 Td (, ) Tj ET Q q 0 0 0 rg BT 196.17 400.25 Td (comprising ) Tj ET Q q 0 0 0 rg BT 243.97 400.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 274.54 400.25 Td (of ) Tj ET Q q 0 0 0 rg BT 285.67 400.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 324.57 400.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 360.68 400.25 Td (in ) Tj ET Q q 0 0 0 rg BT 371.26 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 386.28 400.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 447.39 400.25 Td (and ) Tj ET Q q 0 0 0 rg BT 464.63 400.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 513.54 400.25 Td (of ) Tj ET Q q 0 0 0 rg BT 524.67 400.25 Td (cars ) Tj ET Q q 0 0 0 rg BT 543.57 400.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 388.25 Td (spare ) Tj ET Q q 0 0 0 rg BT 77.82 388.25 Td (parts, ) Tj ET Q q 0 0 0 rg BT 102.47 388.25 Td (including ) Tj ET Q q 0 0 0 rg BT 142.96 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.90 388.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 191.16 388.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 210.55 388.25 Td (to ) Tj ET Q q 0 0 0 rg BT 221.04 388.25 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 258.75 388.25 Td (and ) Tj ET Q q 0 0 0 rg BT 275.90 388.25 Td (rented ) Tj ET Q q 0 0 0 rg BT 303.60 388.25 Td (to ) Tj ET Q q 0 0 0 rg BT 314.10 388.25 Td (other ) Tj ET Q q 0 0 0 rg BT 337.36 388.25 Td (Formula ) Tj ET Q q 0 0 0 rg BT 373.97 388.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 381.69 388.25 Td (racing ) Tj ET Q q 0 0 0 rg BT 409.39 388.25 Td (teams, ) Tj ET Q q 0 0 0 rg BT 437.93 388.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 456.76 388.25 Td (of ) Tj ET Q q 0 0 0 rg BT 467.80 388.25 Td (materials, ) Tj ET Q q 0 0 0 rg BT 509.67 388.25 Td (components ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 376.25 Td (and ) Tj ET Q q 0 0 0 rg BT 71.08 376.25 Td (labor ) Tj ET Q q 0 0 0 rg BT 94.27 376.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 116.91 376.25 Td (are ) Tj ET Q q 0 0 0 rg BT 131.76 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.62 376.25 Td (most ) Tj ET Q q 0 0 0 rg BT 168.71 376.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 213.56 376.25 Td (portion. ) Tj ET Q q 0 0 0 rg BT 247.40 376.25 Td (The ) Tj ET Q q 0 0 0 rg BT 265.59 376.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 308.77 376.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 331.41 376.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 377.37 376.25 Td (include ) Tj ET Q q 0 0 0 rg BT 409.45 376.25 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 464.01 376.25 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 519.69 376.25 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 364.25 Td (and ) Tj ET Q q 0 0 0 rg BT 70.58 364.25 Td (transportation ) Tj ET Q q 0 0 0 rg BT 128.27 364.25 Td (costs. ) Tj ET Q q 0 0 0 rg BT 152.92 364.25 Td (Cost ) Tj ET Q q 0 0 0 rg BT 173.40 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 183.88 364.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 205.46 364.25 Td (also ) Tj ET Q q 0 0 0 rg BT 223.71 364.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 259.18 364.25 Td (warranty ) Tj ET Q q 0 0 0 rg BT 296.86 364.25 Td (and ) Tj ET Q q 0 0 0 rg BT 313.45 364.25 Td (product-related ) Tj ET Q q 0 0 0 rg BT 376.67 364.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 401.32 364.25 Td (which ) Tj ET Q q 0 0 0 rg BT 427.90 364.25 Td (are ) Tj ET Q q 0 0 0 rg BT 442.25 364.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 482.72 364.25 Td (and ) Tj ET Q q 0 0 0 rg BT 499.30 364.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 536.42 364.25 Td (at ) Tj ET Q q 0 0 0 rg BT 545.78 364.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 352.25 Td (time ) Tj ET Q q 0 0 0 rg BT 74.27 352.25 Td (of ) Tj ET Q q 0 0 0 rg BT 85.10 352.25 Td (shipment ) Tj ET Q q 0 0 0 rg BT 124.27 352.25 Td (of ) Tj ET Q q 0 0 0 rg BT 135.10 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.82 352.25 Td (car) Tj ET Q q 0 0 0 rg BT 161.47 352.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 328.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 328.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 123.41 328.25 Td (and ) Tj ET Q q 0 0 0 rg BT 141.28 328.25 Td (other ) Tj ET Q q 0 0 0 rg BT 165.25 328.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 203.66 328.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 243.19 328.25 Td (from ) Tj ET Q q 0 0 0 rg BT 266.05 328.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 304.46 328.25 Td (services ) Tj ET Q q 0 0 0 rg BT 340.10 328.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 386.29 328.25 Td (included ) Tj ET Q q 0 0 0 rg BT 424.15 328.25 Td (within ) Tj ET Q q 0 0 0 rg BT 453.13 328.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 472.67 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 484.43 328.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 507.29 328.25 Td (for ) Tj ET Q q 0 0 0 rg BT 522.38 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 538.03 328.25 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 316.25 Td (months ) Tj ET Q q 0 0 0 rg BT 86.43 316.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 113.30 316.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 174.05 316.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 197.03 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 214.46 316.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 237.44 316.25 Td (amounted ) Tj ET Q q 0 0 0 rg BT 279.86 316.25 Td (to ) Tj ET Q q 0 0 0 rg BT 290.63 316.25 Td (5,489 ) Tj ET Q q 0 0 0 rg BT 321.11 316.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 360.21 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 377.63 316.25 Td (585 ) Tj ET Q q 0 0 0 rg BT 400.62 316.25 Td (thousand, ) Tj ET Q q 0 0 0 rg BT 442.21 316.25 Td (respectively ) Tj ET Q q 0 0 0 rg BT 493.51 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 510.93 316.25 Td (for ) Tj ET Q q 0 0 0 rg BT 525.58 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 540.78 316.25 Td (nine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 304.25 Td (months ) Tj ET Q q 0 0 0 rg BT 85.95 304.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 112.33 304.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 172.59 304.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 195.09 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 212.03 304.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 234.53 304.25 Td (amounted ) Tj ET Q q 0 0 0 rg BT 276.46 304.25 Td (to ) Tj ET Q q 0 0 0 rg BT 286.74 304.25 Td (13,789 ) Tj ET Q q 0 0 0 rg BT 321.74 304.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 360.35 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 377.29 304.25 Td (1) Tj ET Q q 0 0 0 rg BT 386.92 304.25 Td (1,338 ) Tj ET Q q 0 0 0 rg BT 411.92 304.25 Td (thousand, ) Tj ET Q q 0 0 0 rg BT 453.02 304.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 500.68 304.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 280.25 Td (8. SELLING, GENERAL) Tj ET Q q 0 0 0 rg BT 167.36 280.25 Td ( ) Tj ET Q q 0 0 0 rg BT 169.31 280.25 Td (AND ) Tj ET Q q 0 0 0 rg BT 192.93 280.25 Td (ADMINISTRA) Tj ET Q q 0 0 0 rg BT 257.75 280.25 Td (TIVE COSTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 256.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 256.25 Td (General ) Tj ET Q q 0 0 0 rg BT 125.35 256.25 Td (and ) Tj ET Q q 0 0 0 rg BT 143.50 256.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 204.41 256.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 228.12 256.25 Td (for ) Tj ET Q q 0 0 0 rg BT 243.49 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.41 256.25 Td (three ) Tj ET Q q 0 0 0 rg BT 283.11 256.25 Td (months ) Tj ET Q q 0 0 0 rg BT 316.26 256.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 343.85 256.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 405.32 256.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 429.02 256.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.17 256.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 470.88 256.25 Td (amounted ) Tj ET Q q 0 0 0 rg BT 514.02 256.25 Td (to ) Tj ET Q q 0 0 0 rg BT 525.51 256.25 Td (28,913 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 244.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 91.68 244.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.70 244.25 Td (42,628 ) Tj ET Q q 0 0 0 rg BT 141.78 244.25 Td (thousand, ) Tj ET Q q 0 0 0 rg BT 181.96 244.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 229.62 244.25 Td (, ) Tj ET Q q 0 0 0 rg BT 233.70 244.25 Td (and ) Tj ET Q q 0 0 0 rg BT 249.71 244.25 Td (for ) Tj ET Q q 0 0 0 rg BT 262.95 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.74 244.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 295.53 244.25 Td (months ) Tj ET Q q 0 0 0 rg BT 326.56 244.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 352.01 244.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 411.35 244.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 432.93 244.25 Td (and ) Tj ET Q q 0 0 0 rg BT 448.94 244.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 470.52 244.25 Td (amounted ) Tj ET Q q 0 0 0 rg BT 511.53 244.25 Td (to ) Tj ET Q q 0 0 0 rg BT 520.88 244.25 Td (1) Tj ET Q q 0 0 0 rg BT 530.51 244.25 Td (13,431 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 232.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 92.85 232.25 Td (and ) Tj ET Q q 0 0 0 rg BT 110.04 232.25 Td ( ) Tj ET Q q 0 0 0 rg BT 112.78 232.25 Td (134,275 ) Tj ET Q q 0 0 0 rg BT 153.02 232.25 Td (thousand, ) Tj ET Q q 0 0 0 rg BT 194.38 232.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 242.04 232.25 Td (, ) Tj ET Q q 0 0 0 rg BT 247.28 232.25 Td (consisting ) Tj ET Q q 0 0 0 rg BT 290.58 232.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 321.10 232.25 Td (of ) Tj ET Q q 0 0 0 rg BT 332.17 232.25 Td (administration ) Tj ET Q q 0 0 0 rg BT 392.69 232.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 431.53 232.25 Td (and ) Tj ET Q q 0 0 0 rg BT 448.71 232.25 Td (other ) Tj ET Q q 0 0 0 rg BT 472.00 232.25 Td (general ) Tj ET Q q 0 0 0 rg BT 504.17 232.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 543.01 232.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 220.25 Td (are ) Tj ET Q q 0 0 0 rg BT 68.71 220.25 Td (not ) Tj ET Q q 0 0 0 rg BT 83.99 220.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 117.03 220.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 165.06 220.25 Td (to ) Tj ET Q q 0 0 0 rg BT 175.34 220.25 Td (sales, ) Tj ET Q q 0 0 0 rg BT 199.78 220.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 260.59 220.25 Td (or ) Tj ET Q q 0 0 0 rg BT 271.42 220.25 Td (research ) Tj ET Q q 0 0 0 rg BT 307.23 220.25 Td (and ) Tj ET Q q 0 0 0 rg BT 324.17 220.25 Td (development ) Tj ET Q q 0 0 0 rg BT 378.32 220.25 Td (functions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 196.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 196.25 Td (Selling ) Tj ET Q q 0 0 0 rg BT 120.38 196.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 142.43 196.25 Td (which ) Tj ET Q q 0 0 0 rg BT 168.92 196.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 198.75 196.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 228.57 196.25 Td (of ) Tj ET Q q 0 0 0 rg BT 238.95 196.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 281.55 196.25 Td (and ) Tj ET Q q 0 0 0 rg BT 298.03 196.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 319.52 196.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 360.45 196.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 385.00 196.25 Td (amounted ) Tj ET Q q 0 0 0 rg BT 426.48 196.25 Td (to ) Tj ET Q q 0 0 0 rg BT 436.31 196.25 Td (51,280 ) Tj ET Q q 0 0 0 rg BT 470.86 196.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 509.02 196.25 Td (and ) Tj ET Q q 0 0 0 rg BT 525.51 196.25 Td (38,840 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 184.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 92.42 184.25 Td (for ) Tj ET Q q 0 0 0 rg BT 106.38 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.91 184.25 Td (three ) Tj ET Q q 0 0 0 rg BT 143.20 184.25 Td (months ) Tj ET Q q 0 0 0 rg BT 174.95 184.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 201.14 184.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 261.21 184.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 283.52 184.25 Td (and ) Tj ET Q q 0 0 0 rg BT 300.26 184.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 325.07 184.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 372.73 184.25 Td (, ) Tj ET Q q 0 0 0 rg BT 377.54 184.25 Td (and ) Tj ET Q q 0 0 0 rg BT 394.28 184.25 Td (for ) Tj ET Q q 0 0 0 rg BT 408.25 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.77 184.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 442.30 184.25 Td (months ) Tj ET Q q 0 0 0 rg BT 474.05 184.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 500.24 184.25 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 172.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 77.36 172.25 Td (and ) Tj ET Q q 0 0 0 rg BT 95.16 172.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 118.52 172.25 Td (amounted ) Tj ET Q q 0 0 0 rg BT 161.31 172.25 Td (to ) Tj ET Q q 0 0 0 rg BT 172.45 172.25 Td (1) Tj ET Q q 0 0 0 rg BT 182.08 172.25 Td (18,862 ) Tj ET Q q 0 0 0 rg BT 212.94 172.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 252.40 172.25 Td (and ) Tj ET Q q 0 0 0 rg BT 270.20 172.25 Td (90,576 ) Tj ET Q q 0 0 0 rg BT 306.06 172.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 345.53 172.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 393.19 172.25 Td (. ) Tj ET Q q 0 0 0 rg BT 399.05 172.25 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 444.06 172.25 Td (and ) Tj ET Q q 0 0 0 rg BT 461.86 172.25 Td (events ) Tj ET Q q 0 0 0 rg BT 490.77 172.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 530.23 172.25 Td (consist ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 160.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 94.71 160.25 Td (of ) Tj ET Q q 0 0 0 rg BT 106.54 160.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 130.04 160.25 Td (in ) Tj ET Q q 0 0 0 rg BT 141.31 160.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 188.69 160.25 Td (with ) Tj ET Q q 0 0 0 rg BT 209.96 160.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 233.45 160.25 Td (and ) Tj ET Q q 0 0 0 rg BT 251.38 160.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 272.10 160.25 Td (shows, ) Tj ET Q q 0 0 0 rg BT 303.10 160.25 Td (media ) Tj ET Q q 0 0 0 rg BT 331.03 160.25 Td (and ) Tj ET Q q 0 0 0 rg BT 348.97 160.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 389.12 160.25 Td (events ) Tj ET Q q 0 0 0 rg BT 418.17 160.25 Td (for ) Tj ET Q q 0 0 0 rg BT 433.33 160.25 Td (the ) Tj ET Q q 0 0 0 rg BT 449.04 160.25 Td (launch ) Tj ET Q q 0 0 0 rg BT 479.20 160.25 Td (of ) Tj ET Q q 0 0 0 rg BT 491.03 160.25 Td (new ) Tj ET Q q 0 0 0 rg BT 511.19 160.25 Td (models ) Tj ET Q q 0 0 0 rg BT 543.57 160.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 148.25 Td (sponsorship ) Tj ET Q q 0 0 0 rg BT 104.28 148.25 Td (and ) Tj ET Q q 0 0 0 rg BT 121.22 148.25 Td (indirect ) Tj ET Q q 0 0 0 rg BT 154.26 148.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 197.31 148.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 219.81 148.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 255.62 148.25 Td (through ) Tj ET Q q 0 0 0 rg BT 289.23 148.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.95 148.25 Td (Formula ) Tj ET Q q 0 0 0 rg BT 340.33 148.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 347.83 148.25 Td (racing ) Tj ET Q q 0 0 0 rg BT 375.32 148.25 Td (team, ) Tj ET Q q 0 0 0 rg BT 399.75 148.25 Td (Scuderia ) Tj ET Q q 0 0 0 rg BT 437.24 148.25 Td (Ferrari.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 136.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 124.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 124.25 Td (In ) Tj ET Q q 0 0 0 rg BT 101.62 124.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.13 124.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 137.63 124.25 Td (months ) Tj ET Q q 0 0 0 rg BT 170.37 124.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 197.54 124.25 Td (September ) Tj ET Q q 0 0 0 rg BT 243.59 124.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 259.38 124.25 Td (2105, ) Tj ET Q q 0 0 0 rg BT 285.17 124.25 Td (general ) Tj ET Q q 0 0 0 rg BT 317.89 124.25 Td (and ) Tj ET Q q 0 0 0 rg BT 335.62 124.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 396.11 124.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 419.40 124.25 Td (include ) Tj ET Q q 0 0 0 rg BT 452.13 124.25 Td (1) Tj ET Q q 0 0 0 rg BT 461.75 124.25 Td (1,166 ) Tj ET Q q 0 0 0 rg BT 487.54 124.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 526.94 124.25 Td (in ) Tj ET Q q 0 0 0 rg BT 538.01 124.25 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 112.25 Td (related ) Tj ET Q q 0 0 0 rg BT 83.70 112.25 Td (to ) Tj ET Q q 0 0 0 rg BT 93.98 112.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.70 112.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 134.53 112.25 Td (public ) Tj ET Q q 0 0 0 rg BT 162.02 112.25 Td (of) Tj ET Q q 0 0 0 rg BT 170.17 112.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 196.55 112.25 Td (process ) Tj ET Q q 0 0 0 rg BT 229.04 112.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 273.19 112.25 Td (in ) Tj ET Q q 0 0 0 rg BT 283.47 112.25 Td (October ) Tj ET Q q 0 0 0 rg BT 318.17 112.25 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 88.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 88.25 Td (In ) Tj ET Q q 0 0 0 rg BT 101.60 88.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.08 88.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 137.56 88.25 Td (months ) Tj ET Q q 0 0 0 rg BT 170.28 88.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 197.42 88.25 Td (September ) Tj ET Q q 0 0 0 rg BT 243.45 88.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 259.22 88.25 Td (2104, ) Tj ET Q q 0 0 0 rg BT 284.99 88.25 Td (general ) Tj ET Q q 0 0 0 rg BT 317.68 88.25 Td (and ) Tj ET Q q 0 0 0 rg BT 335.38 88.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 395.85 88.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 419.12 88.25 Td (include ) Tj ET Q q 0 0 0 rg BT 451.82 88.25 Td (15,027 ) Tj ET Q q 0 0 0 rg BT 487.59 88.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 526.96 88.25 Td (in ) Tj ET Q q 0 0 0 rg BT 538.01 88.25 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 76.25 Td (related ) Tj ET Q q 0 0 0 rg BT 83.70 76.25 Td (to ) Tj ET Q q 0 0 0 rg BT 93.98 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.70 76.25 Td (resignation ) Tj ET Q q 0 0 0 rg BT 155.63 76.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.46 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 181.18 76.25 Td (former ) Tj ET Q q 0 0 0 rg BT 210.88 76.25 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 252.82 76.25 Td (of ) Tj ET Q q 0 0 0 rg BT 263.65 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 278.37 76.25 Td (Group.) Tj ET Q endstream endobj 85 0 obj <> endobj 86 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.85 760.75 Td (FERRARI N.V) Tj ET Q q 0 0 0 rg BT 336.56 760.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.20 748.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 143.42 748.75 Td (T) Tj ET Q q 0 0 0 rg BT 149.91 748.75 Td (O ) Tj ET Q q 0 0 0 rg BT 160.01 748.75 Td (THE INTERIM CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 356.24 748.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 435.42 748.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 449.41 748.75 Td (A) Tj ET Q q 0 0 0 rg BT 455.89 748.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 736.75 Td (\(Unaudited\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-39) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 713.25 Td (9. RESEARCH ) Tj ET Q q 0 0 0 rg BT 126.51 713.25 Td (AND DEVELOPMENT) Tj ET Q q 0 0 0 rg BT 228.84 713.25 Td ( COSTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 689.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 689.25 Td (Research and development costs are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 67.50 620.75 219.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 620.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 620.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 620.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 620.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 620.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 620.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 620.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 67.50 582.75 219.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 582.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 582.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 582.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 582.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 582.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 582.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 582.75 59.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 645.75 m 348.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 645.75 m 352.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 645.75 m 414.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 645.75 m 480.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 645.75 m 484.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 645.75 m 348.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 632.75 m 348.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 645.75 m 414.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 632.75 m 414.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 645.75 m 480.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 632.75 m 480.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 645.75 m 543.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 632.75 m 543.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 582.75 m 348.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 568.75 m 348.5 568.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 566.75 m 348.5 566.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 582.75 m 414.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 568.75 m 414.5 568.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 566.75 m 414.5 566.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 582.75 m 480.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 568.75 m 480.5 568.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 566.75 m 480.5 566.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 582.75 m 543.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 568.75 m 543.5 568.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 566.75 m 543.5 566.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.90 658.15 Td (For the three months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 324.55 649.15 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.05 658.15 Td (For the nine months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.05 649.15 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 310.00 637.15 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 376.00 637.15 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.00 637.15 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 506.50 637.15 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.35 624.70 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.00 610.21 Td (Amortization of capitalized development costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.25 610.21 Td (30,668) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.25 610.21 Td (31,219) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.25 610.21 Td (86,526) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.25 610.21 Td (92,925) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.00 596.21 Td (Research and development costs expensed during the) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.00 587.21 Td (period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.25 587.21 Td (99,153) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.25 587.21 Td (84,510) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.75 587.21 Td (334,401) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 510.75 587.21 Td (298,679) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 70.00 572.20 Td (Total research and development costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 315.75 572.20 Td (129,821) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.75 572.20 Td (115,729) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.75 572.20 Td (420,927) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.75 572.20 Td (391,604) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 544.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 544.25 Td (The ) Tj ET Q q 0 0 0 rg BT 108.31 544.25 Td (main ) Tj ET Q q 0 0 0 rg BT 131.08 544.25 Td (component ) Tj ET Q q 0 0 0 rg BT 178.28 544.25 Td (of ) Tj ET Q q 0 0 0 rg BT 189.38 544.25 Td (research ) Tj ET Q q 0 0 0 rg BT 225.45 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 242.66 544.25 Td (development ) Tj ET Q q 0 0 0 rg BT 297.07 544.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 319.84 544.25 Td (expensed ) Tj ET Q q 0 0 0 rg BT 359.82 544.25 Td (relates ) Tj ET Q q 0 0 0 rg BT 388.68 544.25 Td (to ) Tj ET Q q 0 0 0 rg BT 399.22 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.21 544.25 Td (research ) Tj ET Q q 0 0 0 rg BT 450.28 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 467.49 544.25 Td (development ) Tj ET Q q 0 0 0 rg BT 521.90 544.25 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 532.25 Td (performed ) Tj ET Q q 0 0 0 rg BT 98.47 532.25 Td (for ) Tj ET Q q 0 0 0 rg BT 112.96 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.00 532.25 Td (Formula ) Tj ET Q q 0 0 0 rg BT 164.72 532.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 172.54 532.25 Td (racing ) Tj ET Q q 0 0 0 rg BT 200.36 532.25 Td (car) Tj ET Q q 0 0 0 rg BT 212.16 532.25 Td (, ) Tj ET Q q 0 0 0 rg BT 217.49 532.25 Td (which ) Tj ET Q q 0 0 0 rg BT 244.76 532.25 Td (included ) Tj ET Q q 0 0 0 rg BT 282.02 532.25 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 324.28 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 334.89 532.25 Td (maximize ) Tj ET Q q 0 0 0 rg BT 377.14 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 392.19 532.25 Td (performance, ) Tj ET Q q 0 0 0 rg BT 448.04 532.25 Td (ef) Tj ET Q q 0 0 0 rg BT 455.63 532.25 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 490.66 532.25 Td (and ) Tj ET Q q 0 0 0 rg BT 507.92 532.25 Td (safety ) Tj ET Q q 0 0 0 rg BT 534.63 532.25 Td (of ) Tj ET Q q 0 0 0 rg BT 545.78 532.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 520.25 Td (car) Tj ET Q q 0 0 0 rg BT 65.81 520.25 Td (, ) Tj ET Q q 0 0 0 rg BT 70.81 520.25 Td (which ) Tj ET Q q 0 0 0 rg BT 97.75 520.25 Td (are ) Tj ET Q q 0 0 0 rg BT 112.45 520.25 Td (expensed ) Tj ET Q q 0 0 0 rg BT 152.16 520.25 Td (as ) Tj ET Q q 0 0 0 rg BT 162.99 520.25 Td (incurred.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 496.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 496.25 Td (The ) Tj ET Q q 0 0 0 rg BT 110.13 496.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 132.50 496.25 Td (National ) Tj ET Q q 0 0 0 rg BT 171.51 496.25 Td (Highway ) Tj ET Q q 0 0 0 rg BT 212.42 496.25 Td (T) Tj ET Q q 0 0 0 rg BT 218.18 496.25 Td (raf) Tj ET Q q 0 0 0 rg BT 229.10 496.25 Td (fic ) Tj ET Q q 0 0 0 rg BT 244.23 496.25 Td (Safety ) Tj ET Q q 0 0 0 rg BT 273.35 496.25 Td (Administration ) Tj ET Q q 0 0 0 rg BT 338.48 496.25 Td (\(NHTSA\) ) Tj ET Q q 0 0 0 rg BT 391.94 496.25 Td (recently ) Tj ET Q q 0 0 0 rg BT 428.72 496.25 Td (published ) Tj ET Q q 0 0 0 rg BT 472.19 496.25 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 517.88 496.25 Td (for ) Tj ET Q q 0 0 0 rg BT 534.12 496.25 Td (driver ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 484.25 Td (distraction. ) Tj ET Q q 0 0 0 rg BT 100.16 484.25 Td (These ) Tj ET Q q 0 0 0 rg BT 125.60 484.25 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 168.26 484.25 Td (focus ) Tj ET Q q 0 0 0 rg BT 191.49 484.25 Td (on, ) Tj ET Q q 0 0 0 rg BT 205.55 484.25 Td (among ) Tj ET Q q 0 0 0 rg BT 234.33 484.25 Td (other ) Tj ET Q q 0 0 0 rg BT 256.43 484.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 284.94 484.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.72 484.25 Td (need ) Tj ET Q q 0 0 0 rg BT 319.16 484.25 Td (to ) Tj ET Q q 0 0 0 rg BT 328.50 484.25 Td (modify ) Tj ET Q q 0 0 0 rg BT 358.95 484.25 Td (the ) Tj ET Q q 0 0 0 rg BT 372.73 484.25 Td (design ) Tj ET Q q 0 0 0 rg BT 400.40 484.25 Td (of ) Tj ET Q q 0 0 0 rg BT 410.29 484.25 Td (car ) Tj ET Q q 0 0 0 rg BT 424.06 484.25 Td (devices ) Tj ET Q q 0 0 0 rg BT 455.60 484.25 Td (and ) Tj ET Q q 0 0 0 rg BT 471.60 484.25 Td (other ) Tj ET Q q 0 0 0 rg BT 493.71 484.25 Td (driver ) Tj ET Q q 0 0 0 rg BT 519.15 484.25 Td (interfaces ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 472.25 Td (to ) Tj ET Q q 0 0 0 rg BT 64.30 472.25 Td (minimize ) Tj ET Q q 0 0 0 rg BT 104.59 472.25 Td (driver ) Tj ET Q q 0 0 0 rg BT 130.99 472.25 Td (distraction. ) Tj ET Q q 0 0 0 rg BT 178.04 472.25 Td (W) Tj ET Q q 0 0 0 rg BT 186.67 472.25 Td (e ) Tj ET Q q 0 0 0 rg BT 193.63 472.25 Td (are ) Tj ET Q q 0 0 0 rg BT 208.36 472.25 Td (in ) Tj ET Q q 0 0 0 rg BT 218.66 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.40 472.25 Td (process ) Tj ET Q q 0 0 0 rg BT 265.91 472.25 Td (of ) Tj ET Q q 0 0 0 rg BT 276.76 472.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 320.93 472.25 Td (these ) Tj ET Q q 0 0 0 rg BT 344.00 472.25 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 387.63 472.25 Td (and ) Tj ET Q q 0 0 0 rg BT 404.58 472.25 Td (their ) Tj ET Q q 0 0 0 rg BT 425.43 472.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 462.94 472.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 492.68 472.25 Td (on ) Tj ET Q q 0 0 0 rg BT 505.20 472.25 Td (our ) Tj ET Q q 0 0 0 rg BT 521.05 472.25 Td (results ) Tj ET Q q 0 0 0 rg BT 549.68 472.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 460.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 97.85 460.25 Td (and ) Tj ET Q q 0 0 0 rg BT 114.49 460.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 151.67 460.25 Td (position ) Tj ET Q q 0 0 0 rg BT 186.09 460.25 Td (and ) Tj ET Q q 0 0 0 rg BT 202.73 460.25 Td (determining ) Tj ET Q q 0 0 0 rg BT 253.24 460.25 Td (what ) Tj ET Q q 0 0 0 rg BT 274.88 460.25 Td (steps, ) Tj ET Q q 0 0 0 rg BT 299.58 460.25 Td (if ) Tj ET Q q 0 0 0 rg BT 307.88 460.25 Td (any) Tj ET Q q 0 0 0 rg BT 321.67 460.25 Td (, ) Tj ET Q q 0 0 0 rg BT 326.37 460.25 Td (we ) Tj ET Q q 0 0 0 rg BT 340.23 460.25 Td (will ) Tj ET Q q 0 0 0 rg BT 357.98 460.25 Td (need ) Tj ET Q q 0 0 0 rg BT 379.05 460.25 Td (to ) Tj ET Q q 0 0 0 rg BT 389.03 460.25 Td (take ) Tj ET Q q 0 0 0 rg BT 407.88 460.25 Td (to ) Tj ET Q q 0 0 0 rg BT 417.86 460.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 450.05 460.25 Td (with ) Tj ET Q q 0 0 0 rg BT 470.03 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 484.44 460.25 Td (new ) Tj ET Q q 0 0 0 rg BT 503.30 460.25 Td (requirements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 424.25 Td (10. NET) Tj ET Q q 0 0 0 rg BT 94.38 424.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 153.00 424.25 Td ( INCOME/\(EXPENSES\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 336.75 292.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 336.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 336.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 336.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 336.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 336.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 336.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 336.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 306.75 292.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 306.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 306.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 306.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 306.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 306.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 306.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 306.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 277.75 292.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 277.75 50.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 277.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 277.75 50.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 277.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 277.75 50.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 277.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 277.75 50.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 238.75 292.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 238.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 238.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 238.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 238.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 238.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 238.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 238.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 208.75 292.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 208.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 208.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 208.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 208.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 208.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 208.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 208.75 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 378.75 m 395.5 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 378.75 m 399.5 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 378.75 m 449.5 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 378.75 m 503.5 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 378.75 m 507.5 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 378.75 m 557.5 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 378.75 m 395.5 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 364.75 m 395.5 364.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 378.75 m 449.5 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 364.75 m 449.5 364.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 378.75 m 503.5 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 364.75 m 503.5 364.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 378.75 m 557.5 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 364.75 m 557.5 364.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 364.75 m 395.5 364.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 364.75 m 449.5 364.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 364.75 m 503.5 364.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 364.75 m 557.5 364.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 208.75 m 395.5 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 194.75 m 395.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 192.75 m 395.5 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 208.75 m 449.5 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 194.75 m 449.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 192.75 m 449.5 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 208.75 m 503.5 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 194.75 m 503.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 192.75 m 503.5 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 208.75 m 557.5 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 194.75 m 557.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 192.75 m 557.5 192.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.50 392.20 Td (For the three months) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.95 383.20 Td (ended September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.20 392.20 Td (For the nine months) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.95 383.20 Td (ended September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.00 369.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.00 369.20 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.00 369.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.00 369.20 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.85 356.00 Td (\( thousand\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 343.15 Td (Financial income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 326.21 Td (Related to:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 311.21 Td (Industrial companies \(A\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.50 311.21 Td (880) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 311.21 Td (764) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.75 311.21 Td (4,480) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 311.21 Td (3,356) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 296.21 Td (Financial services companies \(reported within net revenues\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.25 296.21 Td (15,864) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.25 296.21 Td (11,692) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.25 296.21 Td (45,097) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 296.21 Td (32,507) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 267.20 Td (Financial expenses and expenses from derivative financial instruments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 258.20 Td (and foreign currency exchange rate differences) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 243.21 Td (Related to:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 228.21 Td (Industrial companies \(B\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.50 228.21 Td (\(326) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.00 228.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.75 228.21 Td (4,154) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.75 228.21 Td (\(9,888) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 228.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 228.21 Td (3,071) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 213.21 Td (Financial services companies \(reported within cost of sales\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.75 213.21 Td (\(5,489) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.00 213.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.50 213.21 Td (\(585) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 213.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.25 213.21 Td (\(13,789) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 213.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 213.21 Td (\(11,338) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 213.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 198.20 Td (Net financial income/\(expenses\) r) Tj ET Q q 0 0 0 rg BT 183.06 198.20 Td (elating to industrial companies \(A) Tj ET Q q 0 0 0 rg BT 312.57 198.20 Td ( - B\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 378.50 198.20 Td (554) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.75 198.20 Td (4,918) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 476.75 198.20 Td (\(5,408) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.00 198.20 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.75 198.20 Td (6,427) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 87 0 obj <> endobj 88 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.85 760.75 Td (FERRARI N.V) Tj ET Q q 0 0 0 rg BT 336.56 760.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.20 748.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 143.42 748.75 Td (T) Tj ET Q q 0 0 0 rg BT 149.91 748.75 Td (O ) Tj ET Q q 0 0 0 rg BT 160.01 748.75 Td (THE INTERIM CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 356.24 748.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 435.42 748.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 449.41 748.75 Td (A) Tj ET Q q 0 0 0 rg BT 455.89 748.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 736.75 Td (\(Unaudited\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-40) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 713.25 Td (1) Tj ET Q q 0 0 0 rg BT 58.45 713.25 Td (1. INCOME ) Tj ET Q q 0 0 0 rg BT 112.99 713.25 Td (T) Tj ET Q q 0 0 0 rg BT 118.92 713.25 Td (AX EXPENSE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 689.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 689.25 Td (Income tax expense is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.00 618.75 141.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.00 618.75 87.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 618.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 618.75 87.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 618.75 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 618.75 87.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 618.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 618.75 87.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.00 590.75 141.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.00 590.75 87.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 590.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 590.75 87.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 590.75 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 590.75 87.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 590.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 590.75 87.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 645.75 m 281 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 645.75 m 285 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 645.75 m 372 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 645.75 m 467 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 645.75 m 471 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 645.75 m 558 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 645.75 m 281 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 631.75 m 281 631.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 645.75 m 372 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 631.75 m 372 631.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 631.75 m 467 631.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 631.75 m 558 631.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 631.75 m 281 631.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 631.75 m 372 631.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 631.75 m 467 631.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 631.75 m 558 631.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 576.75 m 281 576.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 563.75 m 281 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 561.75 m 281 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 576.75 m 372 576.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 563.75 m 372 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 561.75 m 372 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 576.75 m 467 576.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 563.75 m 467 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 561.75 m 467 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 576.75 m 558 576.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 563.75 m 558 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 561.75 m 558 561.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 202.85 650.20 Td (For the three months ended September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 390.50 650.20 Td (For the nine months ended September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 230.00 636.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 321.00 636.20 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 416.00 636.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 507.00 636.20 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.35 623.00 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.50 609.21 Td (Current tax expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 609.21 Td (50,577) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.75 609.21 Td (43,492) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.25 609.21 Td (144,938) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.25 609.21 Td (114,868) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.50 595.21 Td (Deferred tax income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 254.25 595.21 Td (\(3,045) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.50 595.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 595.21 Td (\(7,384) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.50 595.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 595.21 Td (\(26,361) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.50 595.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.75 595.21 Td (\(20,224) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 595.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.50 581.21 Td (Taxes relating to prior periods) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 268.50 581.21 Td (22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.00 581.21 Td (3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.50 581.21 Td (41) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.00 581.21 Td (111) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.50 567.20 Td (Total income tax expense) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 252.75 567.20 Td (47,554) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 343.75 567.20 Td (36,111) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 434.25 567.20 Td (118,618) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.75 567.20 Td (94,755) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 539.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 539.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 121.70 539.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 135.63 539.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 169.55 539.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.59 539.25 Td (47,554 ) Tj ET Q q 0 0 0 rg BT 213.81 539.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 251.63 539.25 Td (for ) Tj ET Q q 0 0 0 rg BT 265.00 539.25 Td (the ) Tj ET Q q 0 0 0 rg BT 278.94 539.25 Td (three ) Tj ET Q q 0 0 0 rg BT 300.63 539.25 Td (months ) Tj ET Q q 0 0 0 rg BT 331.80 539.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 357.39 539.25 Td (September ) Tj ET Q q 0 0 0 rg BT 401.87 539.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 416.08 539.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 437.79 539.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 478.93 539.25 Td (to ) Tj ET Q q 0 0 0 rg BT 488.42 539.25 Td (36,1) Tj ET Q q 0 0 0 rg BT 510.55 539.25 Td (1) Tj ET Q q 0 0 0 rg BT 515.18 539.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 521.89 539.25 Td (thousand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 527.25 Td (for ) Tj ET Q q 0 0 0 rg BT 67.23 527.25 Td (the ) Tj ET Q q 0 0 0 rg BT 81.01 527.25 Td (three ) Tj ET Q q 0 0 0 rg BT 102.56 527.25 Td (months ) Tj ET Q q 0 0 0 rg BT 133.58 527.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 159.02 527.25 Td (September ) Tj ET Q q 0 0 0 rg BT 203.36 527.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 217.42 527.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 241.49 527.25 Td (and ) Tj ET Q q 0 0 0 rg BT 257.50 527.25 Td (1) Tj ET Q q 0 0 0 rg BT 267.13 527.25 Td (18,618 ) Tj ET Q q 0 0 0 rg BT 296.19 527.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 333.87 527.25 Td (for ) Tj ET Q q 0 0 0 rg BT 347.10 527.25 Td (the ) Tj ET Q q 0 0 0 rg BT 360.88 527.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 379.66 527.25 Td (months ) Tj ET Q q 0 0 0 rg BT 410.68 527.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 436.12 527.25 Td (September ) Tj ET Q q 0 0 0 rg BT 480.46 527.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 494.52 527.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 518.59 527.25 Td (compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 515.25 Td (to ) Tj ET Q q 0 0 0 rg BT 63.66 515.25 Td (94,755 ) Tj ET Q q 0 0 0 rg BT 98.03 515.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 136.02 515.25 Td (for ) Tj ET Q q 0 0 0 rg BT 149.56 515.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.65 515.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 182.75 515.25 Td (months ) Tj ET Q q 0 0 0 rg BT 214.07 515.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 239.83 515.25 Td (September ) Tj ET Q q 0 0 0 rg BT 284.47 515.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 298.84 515.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 323.22 515.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 362.85 515.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 401.94 515.25 Td (as ) Tj ET Q q 0 0 0 rg BT 412.15 515.25 Td (a ) Tj ET Q q 0 0 0 rg BT 418.47 515.25 Td (result ) Tj ET Q q 0 0 0 rg BT 442.56 515.25 Td (of ) Tj ET Q q 0 0 0 rg BT 452.77 515.25 Td (an ) Tj ET Q q 0 0 0 rg BT 464.08 515.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 498.71 515.25 Td (in ) Tj ET Q q 0 0 0 rg BT 508.37 515.25 Td (profit ) Tj ET Q q 0 0 0 rg BT 532.46 515.25 Td (before ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 503.25 Td (tax.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 479.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 479.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 122.51 479.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 137.26 479.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 171.99 479.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 209.49 479.25 Td (in ) Tj ET Q q 0 0 0 rg BT 219.80 479.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.54 479.25 Td (Interim ) Tj ET Q q 0 0 0 rg BT 266.50 479.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 313.47 479.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 368.77 479.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 408.51 479.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 454.91 479.25 Td (has ) Tj ET Q q 0 0 0 rg BT 470.77 479.25 Td (been ) Tj ET Q q 0 0 0 rg BT 492.18 479.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 535.23 479.25 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 467.25 Td (on ) Tj ET Q q 0 0 0 rg BT 66.50 467.25 Td (the ) Tj ET Q q 0 0 0 rg BT 81.22 467.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 95.93 467.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 113.42 467.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 151.45 467.25 Td (for ) Tj ET Q q 0 0 0 rg BT 165.61 467.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.33 467.25 Td (full ) Tj ET Q q 0 0 0 rg BT 196.71 467.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 234.20 467.25 Td (year) Tj ET Q q 0 0 0 rg BT 250.85 467.25 Td (. ) Tj ET Q q 0 0 0 rg BT 255.67 467.25 Td (The ) Tj ET Q q 0 0 0 rg BT 273.72 467.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 288.43 467.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 305.92 467.25 Td (net ) Tj ET Q q 0 0 0 rg BT 320.64 467.25 Td (of ) Tj ET Q q 0 0 0 rg BT 331.47 467.25 Td (Italian ) Tj ET Q q 0 0 0 rg BT 359.51 467.25 Td (Regional ) Tj ET Q q 0 0 0 rg BT 398.11 467.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 430.42 467.25 Td (T) Tj ET Q q 0 0 0 rg BT 435.83 467.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 447.76 467.25 Td (\(IRAP\), ) Tj ET Q q 0 0 0 rg BT 491.08 467.25 Td (used ) Tj ET Q q 0 0 0 rg BT 511.92 467.25 Td (for ) Tj ET Q q 0 0 0 rg BT 526.08 467.25 Td (the ) Tj ET Q q 0 0 0 rg BT 540.79 467.25 Td (nine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 455.25 Td (months ) Tj ET Q q 0 0 0 rg BT 85.66 455.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 111.75 455.25 Td (September ) Tj ET Q q 0 0 0 rg BT 156.72 455.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 171.43 455.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 193.64 455.25 Td (is ) Tj ET Q q 0 0 0 rg BT 202.52 455.25 Td (29.3 ) Tj ET Q q 0 0 0 rg BT 222.24 455.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 253.87 455.25 Td (\(28.9 ) Tj ET Q q 0 0 0 rg BT 276.91 455.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 308.55 455.25 Td (for ) Tj ET Q q 0 0 0 rg BT 322.42 455.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.84 455.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 356.27 455.25 Td (months ) Tj ET Q q 0 0 0 rg BT 387.93 455.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 414.02 455.25 Td (September ) Tj ET Q q 0 0 0 rg BT 458.99 455.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 473.71 455.25 Td (2014\). ) Tj ET Q q 0 0 0 rg BT 501.75 455.25 Td (IRAP) Tj ET Q q 0 0 0 rg BT 524.16 455.25 Td ( ) Tj ET Q q 0 0 0 rg BT 526.37 455.25 Td (\(current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 443.25 Td (and ) Tj ET Q q 0 0 0 rg BT 71.07 443.25 Td (deferred\) ) Tj ET Q q 0 0 0 rg BT 110.35 443.25 Td (for ) Tj ET Q q 0 0 0 rg BT 124.64 443.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.49 443.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 159.35 443.25 Td (months ) Tj ET Q q 0 0 0 rg BT 191.43 443.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 217.94 443.25 Td (September ) Tj ET Q q 0 0 0 rg BT 263.34 443.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 278.48 443.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 301.11 443.25 Td (and ) Tj ET Q q 0 0 0 rg BT 318.19 443.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 340.82 443.25 Td (amounted ) Tj ET Q q 0 0 0 rg BT 382.89 443.25 Td (to ) Tj ET Q q 0 0 0 rg BT 393.31 443.25 Td (14,799 ) Tj ET Q q 0 0 0 rg BT 428.44 443.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 467.19 443.25 Td (and ) Tj ET Q q 0 0 0 rg BT 484.26 443.25 Td (13,565 ) Tj ET Q q 0 0 0 rg BT 519.40 443.25 Td (thousand, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 431.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 101.66 431.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 407.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 407.25 Td (IRAP) Tj ET Q q 0 0 0 rg BT 112.41 407.25 Td ( ) Tj ET Q q 0 0 0 rg BT 115.00 407.25 Td (is ) Tj ET Q q 0 0 0 rg BT 124.27 407.25 Td (only ) Tj ET Q q 0 0 0 rg BT 144.64 407.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 188.32 407.25 Td (to ) Tj ET Q q 0 0 0 rg BT 198.69 407.25 Td (Italian ) Tj ET Q q 0 0 0 rg BT 226.83 407.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 258.30 407.25 Td (and ) Tj ET Q q 0 0 0 rg BT 275.33 407.25 Td (is ) Tj ET Q q 0 0 0 rg BT 284.59 407.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 327.71 407.25 Td (on ) Tj ET Q q 0 0 0 rg BT 340.31 407.25 Td (a ) Tj ET Q q 0 0 0 rg BT 347.34 407.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 383.25 407.25 Td (of ) Tj ET Q q 0 0 0 rg BT 394.17 407.25 Td (income ) Tj ET Q q 0 0 0 rg BT 426.20 407.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 458.77 407.25 Td (by ) Tj ET Q q 0 0 0 rg BT 471.37 407.25 Td (the ) Tj ET Q q 0 0 0 rg BT 486.18 407.25 Td (Italian ) Tj ET Q q 0 0 0 rg BT 514.31 407.25 Td (Civil ) Tj ET Q q 0 0 0 rg BT 536.91 407.25 Td (Code ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 395.25 Td (as ) Tj ET Q q 0 0 0 rg BT 64.89 395.25 Td (the ) Tj ET Q q 0 0 0 rg BT 79.67 395.25 Td (dif) Tj ET Q q 0 0 0 rg BT 90.59 395.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 122.57 395.25 Td (between ) Tj ET Q q 0 0 0 rg BT 158.44 395.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 198.77 395.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 236.87 395.25 Td (and ) Tj ET Q q 0 0 0 rg BT 253.86 395.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 278.92 395.25 Td (before ) Tj ET Q q 0 0 0 rg BT 307.02 395.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 344.56 395.25 Td (income ) Tj ET Q q 0 0 0 rg BT 376.56 395.25 Td (and ) Tj ET Q q 0 0 0 rg BT 393.55 395.25 Td (expense, ) Tj ET Q q 0 0 0 rg BT 430.82 395.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.82 395.25 Td (in ) Tj ET Q q 0 0 0 rg BT 458.16 395.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 499.03 395.25 Td (before ) Tj ET Q q 0 0 0 rg BT 527.13 395.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.90 395.25 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 383.25 Td (of ) Tj ET Q q 0 0 0 rg BT 63.90 383.25 Td (fixed-term ) Tj ET Q q 0 0 0 rg BT 107.68 383.25 Td (employees, ) Tj ET Q q 0 0 0 rg BT 154.52 383.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 178.85 383.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 204.32 383.25 Td (and ) Tj ET Q q 0 0 0 rg BT 220.33 383.25 Td (any ) Tj ET Q q 0 0 0 rg BT 236.34 383.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 267.35 383.25 Td (included ) Tj ET Q q 0 0 0 rg BT 303.36 383.25 Td (in ) Tj ET Q q 0 0 0 rg BT 312.71 383.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 334.27 383.25 Td (payments. ) Tj ET Q q 0 0 0 rg BT 376.67 383.25 Td (IRAP) Tj ET Q q 0 0 0 rg BT 399.08 383.25 Td ( ) Tj ET Q q 0 0 0 rg BT 400.65 383.25 Td (is ) Tj ET Q q 0 0 0 rg BT 408.90 383.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 451.00 383.25 Td (using ) Tj ET Q q 0 0 0 rg BT 474.24 383.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 510.80 383.25 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 371.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 91.03 371.25 Td (under ) Tj ET Q q 0 0 0 rg BT 115.85 371.25 Td (Italian ) Tj ET Q q 0 0 0 rg BT 143.44 371.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 189.36 371.25 Td (standards. ) Tj ET Q q 0 0 0 rg BT 231.68 371.25 Td (IRAP) Tj ET Q q 0 0 0 rg BT 254.09 371.25 Td ( ) Tj ET Q q 0 0 0 rg BT 256.14 371.25 Td (is ) Tj ET Q q 0 0 0 rg BT 264.86 371.25 Td (applied ) Tj ET Q q 0 0 0 rg BT 296.35 371.25 Td (on ) Tj ET Q q 0 0 0 rg BT 308.40 371.25 Td (the ) Tj ET Q q 0 0 0 rg BT 322.67 371.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 336.93 371.25 Td (base ) Tj ET Q q 0 0 0 rg BT 356.75 371.25 Td (at ) Tj ET Q q 0 0 0 rg BT 366.02 371.25 Td (3.9 ) Tj ET Q q 0 0 0 rg BT 380.57 371.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 412.05 371.25 Td (for ) Tj ET Q q 0 0 0 rg BT 425.76 371.25 Td (each ) Tj ET Q q 0 0 0 rg BT 446.12 371.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.50 371.25 Td (the ) Tj ET Q q 0 0 0 rg BT 470.77 371.25 Td (three ) Tj ET Q q 0 0 0 rg BT 492.81 371.25 Td (and ) Tj ET Q q 0 0 0 rg BT 509.30 371.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 528.57 371.25 Td (months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 359.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 80.38 359.25 Td (September ) Tj ET Q q 0 0 0 rg BT 125.64 359.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 140.64 359.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 163.14 359.25 Td (and ) Tj ET Q q 0 0 0 rg BT 180.08 359.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 205.08 359.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 252.74 359.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 335.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 335.25 Td (The ) Tj ET Q q 0 0 0 rg BT 107.71 335.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 135.42 335.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 180.33 335.25 Td (in ) Tj ET Q q 0 0 0 rg BT 190.26 335.25 Td (its ) Tj ET Q q 0 0 0 rg BT 201.87 335.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 232.91 335.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 285.61 335.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 326.09 335.25 Td (of ) Tj ET Q q 0 0 0 rg BT 336.58 335.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 373.72 335.25 Td (position ) Tj ET Q q 0 0 0 rg BT 408.10 335.25 Td (within ) Tj ET Q q 0 0 0 rg BT 435.82 335.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 471.28 335.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 485.65 335.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 513.64 335.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.02 335.25 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 323.25 Td (of ) Tj ET Q q 0 0 0 rg BT 64.83 323.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 100.64 323.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 115.35 323.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 141.18 323.25 Td (less ) Tj ET Q q 0 0 0 rg BT 158.68 323.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.40 323.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 209.21 323.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 223.92 323.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 263.64 323.25 Td (of ) Tj ET Q q 0 0 0 rg BT 274.47 323.25 Td (the ) Tj ET Q q 0 0 0 rg BT 289.19 323.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 332.24 323.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 385.28 323.25 Td (companies, ) Tj ET Q q 0 0 0 rg BT 433.04 323.25 Td (where ) Tj ET Q q 0 0 0 rg BT 459.97 323.25 Td (these ) Tj ET Q q 0 0 0 rg BT 483.02 323.25 Td (may ) Tj ET Q q 0 0 0 rg BT 502.74 323.25 Td (be ) Tj ET Q q 0 0 0 rg BT 514.67 323.25 Td (of) Tj ET Q q 0 0 0 rg BT 522.82 323.25 Td (fset.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 299.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 299.25 Td (The ) Tj ET Q q 0 0 0 rg BT 107.90 299.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 143.01 299.25 Td (from ) Tj ET Q q 0 0 0 rg BT 164.80 299.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.38 299.25 Td (net ) Tj ET Q q 0 0 0 rg BT 193.95 299.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 229.61 299.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 244.18 299.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 269.87 299.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 302.75 299.25 Td (at ) Tj ET Q q 0 0 0 rg BT 312.32 299.25 Td (December ) Tj ET Q q 0 0 0 rg BT 355.76 299.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 370.62 299.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 392.97 299.25 Td (to ) Tj ET Q q 0 0 0 rg BT 403.11 299.25 Td (the ) Tj ET Q q 0 0 0 rg BT 417.68 299.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 450.57 299.25 Td (at ) Tj ET Q q 0 0 0 rg BT 460.14 299.25 Td (September ) Tj ET Q q 0 0 0 rg BT 505.26 299.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 520.11 299.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 542.47 299.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 287.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 93.39 287.25 Td (due ) Tj ET Q q 0 0 0 rg BT 110.02 287.25 Td (to ) Tj ET Q q 0 0 0 rg BT 119.98 287.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.38 287.25 Td (combined ) Tj ET Q q 0 0 0 rg BT 175.99 287.25 Td (ef) Tj ET Q q 0 0 0 rg BT 183.58 287.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 204.64 287.25 Td (of ) Tj ET Q q 0 0 0 rg BT 215.15 287.25 Td (i\) ) Tj ET Q q 0 0 0 rg BT 223.44 287.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 265.62 287.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 309.47 287.25 Td (made ) Tj ET Q q 0 0 0 rg BT 333.31 287.25 Td (for ) Tj ET Q q 0 0 0 rg BT 347.15 287.25 Td (warranties, ) Tj ET Q q 0 0 0 rg BT 393.48 287.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 415.09 287.25 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 465.59 287.25 Td (and ) Tj ET Q q 0 0 0 rg BT 482.21 287.25 Td (disputes, ) Tj ET Q q 0 0 0 rg BT 519.67 287.25 Td (inventory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 275.25 Td (and ) Tj ET Q q 0 0 0 rg BT 70.47 275.25 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 106.40 275.25 Td (accounts; ) Tj ET Q q 0 0 0 rg BT 146.19 275.25 Td (ii\) ) Tj ET Q q 0 0 0 rg BT 157.12 275.25 Td ( ) Tj ET Q q 0 0 0 rg BT 159.15 275.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 190.06 275.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 227.07 275.25 Td (translation; ) Tj ET Q q 0 0 0 rg BT 274.10 275.25 Td (iii\) ) Tj ET Q q 0 0 0 rg BT 287.80 275.25 Td (depreciation; ) Tj ET Q q 0 0 0 rg BT 342.03 275.25 Td (and ) Tj ET Q q 0 0 0 rg BT 358.51 275.25 Td (iv\) ) Tj ET Q q 0 0 0 rg BT 371.65 275.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 397.58 275.25 Td (from ) Tj ET Q q 0 0 0 rg BT 419.05 275.25 Td (our ) Tj ET Q q 0 0 0 rg BT 434.42 275.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 454.22 275.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 474.58 275.25 Td (hedging ) Tj ET Q q 0 0 0 rg BT 508.84 275.25 Td (instruments.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 251.25 Td (12. EARNINGS PER SHARE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 227.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 227.25 Td (As ) Tj ET Q q 0 0 0 rg BT 103.49 227.25 Td (discussed ) Tj ET Q q 0 0 0 rg BT 144.19 227.25 Td (in ) Tj ET Q q 0 0 0 rg BT 154.35 227.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 176.16 227.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 186.04 227.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.63 227.25 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 257.44 227.25 Td (has ) Tj ET Q q 0 0 0 rg BT 273.14 227.25 Td (been ) Tj ET Q q 0 0 0 rg BT 294.40 227.25 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 356.19 227.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 393.54 227.25 Td (in ) Tj ET Q q 0 0 0 rg BT 403.69 227.25 Td (these ) Tj ET Q q 0 0 0 rg BT 426.61 227.25 Td (Interim ) Tj ET Q q 0 0 0 rg BT 458.42 227.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 505.24 227.25 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 215.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 92.84 215.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 138.34 215.25 Td (in ) Tj ET Q q 0 0 0 rg BT 147.75 215.25 Td (determining ) Tj ET Q q 0 0 0 rg BT 197.69 215.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.53 215.25 Td (number ) Tj ET Q q 0 0 0 rg BT 243.71 215.25 Td (of ) Tj ET Q q 0 0 0 rg BT 253.66 215.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 280.28 215.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 328.57 215.25 Td (as ) Tj ET Q q 0 0 0 rg BT 338.52 215.25 Td (though ) Tj ET Q q 0 0 0 rg BT 367.92 215.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.77 215.25 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 437.83 215.25 Td (had ) Tj ET Q q 0 0 0 rg BT 453.89 215.25 Td (occurred ) Tj ET Q q 0 0 0 rg BT 490.49 215.25 Td (ef) Tj ET Q q 0 0 0 rg BT 498.08 215.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 526.90 215.25 Td (January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 203.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 64.43 203.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 89.86 203.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 115.56 203.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 152.38 203.25 Td (have ) Tj ET Q q 0 0 0 rg BT 174.19 203.25 Td (been ) Tj ET Q q 0 0 0 rg BT 196.00 203.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 232.26 203.25 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 294.61 203.25 Td (to ) Tj ET Q q 0 0 0 rg BT 305.32 203.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 333.79 203.25 Td (this ) Tj ET Q q 0 0 0 rg BT 351.17 203.25 Td (change. ) Tj ET Q q 0 0 0 rg BT 384.91 203.25 Td (Following ) Tj ET Q q 0 0 0 rg BT 428.96 203.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.11 203.25 Td (Restructuring, ) Tj ET Q q 0 0 0 rg BT 503.98 203.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.13 203.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 191.25 Td (has ) Tj ET Q q 0 0 0 rg BT 69.83 191.25 Td (188,921,600 ) Tj ET Q q 0 0 0 rg BT 122.33 191.25 Td (common ) Tj ET Q q 0 0 0 rg BT 159.83 191.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 187.32 191.25 Td (outstanding. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 161.85 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 90.00 161.85 Td (Basic ) Tj ET Q q 0 0 0 rg BT 115.28 161.85 Td (earnings ) Tj ET Q q 0 0 0 rg BT 153.90 161.85 Td (per ) Tj ET Q q 0 0 0 rg BT 169.73 161.85 Td (share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.51 161.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 137.85 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 137.85 Td (Basic ) Tj ET Q q 0 0 0 rg BT 115.05 137.85 Td (earnings ) Tj ET Q q 0 0 0 rg BT 151.75 137.85 Td (per ) Tj ET Q q 0 0 0 rg BT 167.35 137.85 Td (share ) Tj ET Q q 0 0 0 rg BT 191.28 137.85 Td (is ) Tj ET Q q 0 0 0 rg BT 200.77 137.85 Td (calculated ) Tj ET Q q 0 0 0 rg BT 244.13 137.85 Td (by ) Tj ET Q q 0 0 0 rg BT 256.96 137.85 Td (dividing ) Tj ET Q q 0 0 0 rg BT 293.12 137.85 Td (the ) Tj ET Q q 0 0 0 rg BT 308.17 137.85 Td (profit ) Tj ET Q q 0 0 0 rg BT 333.21 137.85 Td (attributable ) Tj ET Q q 0 0 0 rg BT 381.58 137.85 Td (to ) Tj ET Q q 0 0 0 rg BT 392.19 137.85 Td (equity ) Tj ET Q q 0 0 0 rg BT 420.01 137.85 Td (holders ) Tj ET Q q 0 0 0 rg BT 452.28 137.85 Td (of ) Tj ET Q q 0 0 0 rg BT 463.44 137.85 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 493.47 137.85 Td (by ) Tj ET Q q 0 0 0 rg BT 506.30 137.85 Td (the ) Tj ET Q q 0 0 0 rg BT 521.34 137.85 Td (weighted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 125.85 Td (average ) Tj ET Q q 0 0 0 rg BT 87.43 125.85 Td (number ) Tj ET Q q 0 0 0 rg BT 120.33 125.85 Td (of ) Tj ET Q q 0 0 0 rg BT 131.00 125.85 Td (common ) Tj ET Q q 0 0 0 rg BT 168.35 125.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 195.68 125.85 Td (in ) Tj ET Q q 0 0 0 rg BT 205.81 125.85 Td (issue. ) Tj ET Q q 0 0 0 rg BT 230.49 125.85 Td (The ) Tj ET Q q 0 0 0 rg BT 248.38 125.85 Td (following ) Tj ET Q q 0 0 0 rg BT 289.62 125.85 Td (table ) Tj ET Q q 0 0 0 rg BT 311.40 125.85 Td (provides ) Tj ET Q q 0 0 0 rg BT 348.18 125.85 Td (the ) Tj ET Q q 0 0 0 rg BT 362.75 125.85 Td (amounts ) Tj ET Q q 0 0 0 rg BT 398.98 125.85 Td (used ) Tj ET Q q 0 0 0 rg BT 419.66 125.85 Td (in ) Tj ET Q q 0 0 0 rg BT 429.79 125.85 Td (the ) Tj ET Q q 0 0 0 rg BT 444.35 125.85 Td (calculation ) Tj ET Q q 0 0 0 rg BT 490.57 125.85 Td (of ) Tj ET Q q 0 0 0 rg BT 501.24 125.85 Td (basic ) Tj ET Q q 0 0 0 rg BT 524.14 125.85 Td (earnings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 113.85 Td (per ) Tj ET Q q 0 0 0 rg BT 69.27 113.85 Td (share ) Tj ET Q q 0 0 0 rg BT 92.87 113.85 Td (for ) Tj ET Q q 0 0 0 rg BT 107.03 113.85 Td (the ) Tj ET Q q 0 0 0 rg BT 121.74 113.85 Td (periods ) Tj ET Q q 0 0 0 rg BT 153.68 113.85 Td (presented: ) Tj ET Q endstream endobj 89 0 obj <> endobj 90 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.85 760.75 Td (FERRARI N.V) Tj ET Q q 0 0 0 rg BT 336.56 760.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.20 748.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 143.42 748.75 Td (T) Tj ET Q q 0 0 0 rg BT 149.91 748.75 Td (O ) Tj ET Q q 0 0 0 rg BT 160.01 748.75 Td (THE INTERIM CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 356.24 748.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 435.42 748.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 449.41 748.75 Td (A) Tj ET Q q 0 0 0 rg BT 455.89 748.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 736.75 Td (\(Unaudited\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-41) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 55.00 665.50 147.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.00 665.50 40.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.00 665.50 74.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 665.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 665.50 74.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 665.50 10.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 665.50 74.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 665.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 665.50 74.00 -20.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 699.5 m 316 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 699.5 m 320 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 699.5 m 394 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 699.5 m 478 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 699.5 m 482 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 699.5 m 556 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 699.5 m 316 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 685.5 m 316 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 699.5 m 394 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 685.5 m 394 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 699.5 m 478 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 685.5 m 478 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 699.5 m 482 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 699.5 m 556 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 685.5 m 556 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 685.5 m 316 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 685.5 m 394 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 685.5 m 478 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 685.5 m 556 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 645.5 m 316 645.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 626.5 m 316 626.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 624.5 m 316 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 645.5 m 394 645.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 626.5 m 394 626.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 624.5 m 394 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 645.5 m 478 645.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 626.5 m 478 626.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 624.5 m 478 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 645.5 m 556 645.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 626.5 m 556 626.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 624.5 m 556 624.5 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 266.40 710.90 Td (For the three months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 292.05 701.95 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 430.05 710.90 Td (For the nine months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.05 701.95 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 271.50 689.95 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 349.50 689.95 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 433.50 689.95 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 511.50 689.95 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 676.76 Td (Profit attributable to owners of the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 667.81 Td (Ferrari) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.50 676.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.50 667.81 Td (thousand) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.75 669.96 Td (93,965) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.75 669.96 Td (56,617) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 669.96 Td (233,599) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.25 669.96 Td (182,397) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 656.76 Td (Weighted average number of ordinary) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 647.81 Td (shares) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.50 649.96 Td (thousand) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 283.25 649.96 Td (188,922) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.25 649.96 Td (188,922) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 649.96 Td (188,922) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.25 649.96 Td (188,922) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.50 636.90 Td (Basic and diluted earnings per) Tj ET Q q 0 0 0 rg BT 174.35 636.90 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.50 627.95 Td (common shar) Tj ET Q q 0 0 0 rg BT 109.58 627.95 Td (e) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 204.50 629.95 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 296.75 629.95 Td (0.50) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 374.75 629.95 Td (0.30) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.75 629.95 Td (1.24) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.75 629.95 Td (0.97) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 600.00 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 600.00 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 123.06 600.00 Td (earnings ) Tj ET Q q 0 0 0 rg BT 161.68 600.00 Td (per ) Tj ET Q q 0 0 0 rg BT 177.51 600.00 Td (share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 576.00 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 576.00 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 122.33 576.00 Td (earnings ) Tj ET Q q 0 0 0 rg BT 158.53 576.00 Td (per ) Tj ET Q q 0 0 0 rg BT 173.63 576.00 Td (share ) Tj ET Q q 0 0 0 rg BT 197.06 576.00 Td (is ) Tj ET Q q 0 0 0 rg BT 206.06 576.00 Td (equal ) Tj ET Q q 0 0 0 rg BT 230.05 576.00 Td (to ) Tj ET Q q 0 0 0 rg BT 240.16 576.00 Td (basic ) Tj ET Q q 0 0 0 rg BT 263.03 576.00 Td (earnings ) Tj ET Q q 0 0 0 rg BT 299.24 576.00 Td (per ) Tj ET Q q 0 0 0 rg BT 314.34 576.00 Td (share ) Tj ET Q q 0 0 0 rg BT 337.77 576.00 Td (as ) Tj ET Q q 0 0 0 rg BT 348.43 576.00 Td (there ) Tj ET Q q 0 0 0 rg BT 370.75 576.00 Td (were ) Tj ET Q q 0 0 0 rg BT 392.51 576.00 Td (no ) Tj ET Q q 0 0 0 rg BT 404.84 576.00 Td (potentially ) Tj ET Q q 0 0 0 rg BT 449.94 576.00 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 482.82 576.00 Td (instruments ) Tj ET Q q 0 0 0 rg BT 531.81 576.00 Td (for ) Tj ET Q q 0 0 0 rg BT 545.80 576.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 564.00 Td (periods ) Tj ET Q q 0 0 0 rg BT 85.94 564.00 Td (presented.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 540.00 Td (13. INT) Tj ET Q q 0 0 0 rg BT 91.04 540.00 Td (ANGIBLE ) Tj ET Q q 0 0 0 rg BT 139.11 540.00 Td (ASSETS) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 476.50 124.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 178.50 476.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 476.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 476.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 476.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 476.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 476.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 476.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 476.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 476.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 476.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 476.50 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 178.5 488.5 m 238.5 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 488.5 m 302.5 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 488.5 m 366.5 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 488.5 m 430.5 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 488.5 m 494.5 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 488.5 m 558.5 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 178.5 464.5 m 238.5 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 178.5 462.5 m 238.5 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 464.5 m 302.5 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 462.5 m 302.5 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 464.5 m 366.5 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 462.5 m 366.5 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 464.5 m 430.5 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 462.5 m 430.5 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 464.5 m 494.5 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 462.5 m 494.5 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 464.5 m 558.5 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 462.5 m 558.5 462.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 190.10 508.73 Td (Balance at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.75 500.73 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 200.00 492.73 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.30 492.73 Td (Additions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.95 492.73 Td (Disposals) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.10 492.73 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.25 500.73 Td (Translation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.40 492.73 Td (differences) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.10 508.73 Td (Balance at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.60 500.73 Td (September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.00 492.73 Td (2015) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 350.40 480.55 Td (\( thousand\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.00 467.73 Td (Intangible assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 209.30 467.73 Td (265,262) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.30 467.73 Td (115,176) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.30 467.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.60 467.73 Td (\(94,854) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.30 467.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.60 467.73 Td (\(53) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.30 467.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.30 467.73 Td (285,531) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 440.00 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 440.00 Td (Additions ) Tj ET Q q 0 0 0 rg BT 132.12 440.00 Td (of ) Tj ET Q q 0 0 0 rg BT 143.13 440.00 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 148.13 440.00 Td (1) Tj ET Q q 0 0 0 rg BT 152.30 440.00 Td (15,176) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.05 440.00 Td ( ) Tj ET Q q 0 0 0 rg BT 179.72 440.00 Td (thousand ) Tj ET Q q 0 0 0 rg BT 218.51 440.00 Td (in ) Tj ET Q q 0 0 0 rg BT 228.96 440.00 Td (the ) Tj ET Q q 0 0 0 rg BT 243.85 440.00 Td (nine ) Tj ET Q q 0 0 0 rg BT 263.75 440.00 Td (months ) Tj ET Q q 0 0 0 rg BT 295.87 440.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 322.42 440.00 Td (September ) Tj ET Q q 0 0 0 rg BT 367.86 440.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 383.04 440.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 405.71 440.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 445.60 440.00 Td (relate ) Tj ET Q q 0 0 0 rg BT 470.48 440.00 Td (to ) Tj ET Q q 0 0 0 rg BT 480.93 440.00 Td (externally ) Tj ET Q q 0 0 0 rg BT 523.59 440.00 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 428.00 Td (and ) Tj ET Q q 0 0 0 rg BT 70.94 428.00 Td (internally ) Tj ET Q q 0 0 0 rg BT 111.76 428.00 Td (generated ) Tj ET Q q 0 0 0 rg BT 153.12 428.00 Td (development ) Tj ET Q q 0 0 0 rg BT 207.27 428.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 229.77 428.00 Td (for ) Tj ET Q q 0 0 0 rg BT 243.93 428.00 Td (the ) Tj ET Q q 0 0 0 rg BT 258.65 428.00 Td (development ) Tj ET Q q 0 0 0 rg BT 312.80 428.00 Td (of ) Tj ET Q q 0 0 0 rg BT 323.63 428.00 Td (new ) Tj ET Q q 0 0 0 rg BT 342.79 428.00 Td (models ) Tj ET Q q 0 0 0 rg BT 374.18 428.00 Td (and ) Tj ET Q q 0 0 0 rg BT 391.11 428.00 Td (investments ) Tj ET Q q 0 0 0 rg BT 441.39 428.00 Td (to ) Tj ET Q q 0 0 0 rg BT 451.67 428.00 Td (develop ) Tj ET Q q 0 0 0 rg BT 485.82 428.00 Td (existing ) Tj ET Q q 0 0 0 rg BT 519.99 428.00 Td (models.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 404.00 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 404.00 Td (For ) Tj ET Q q 0 0 0 rg BT 106.31 404.00 Td (the ) Tj ET Q q 0 0 0 rg BT 120.95 404.00 Td (nine ) Tj ET Q q 0 0 0 rg BT 140.59 404.00 Td (months ) Tj ET Q q 0 0 0 rg BT 172.46 404.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 198.75 404.00 Td (September ) Tj ET Q q 0 0 0 rg BT 243.94 404.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 258.86 404.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 283.78 404.00 Td (the ) Tj ET Q q 0 0 0 rg BT 298.42 404.00 Td (Group ) Tj ET Q q 0 0 0 rg BT 326.39 404.00 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 372.12 404.00 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 416.20 404.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 438.62 404.00 Td (of ) Tj ET Q q 0 0 0 rg BT 449.37 404.00 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.37 404.00 Td (595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.87 404.00 Td ( ) Tj ET Q q 0 0 0 rg BT 470.29 404.00 Td (thousand. ) Tj ET Q q 0 0 0 rg BT 511.15 404.00 Td (Those ) Tj ET Q q 0 0 0 rg BT 538.01 404.00 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 392.00 Td (will ) Tj ET Q q 0 0 0 rg BT 72.06 392.00 Td (be ) Tj ET Q q 0 0 0 rg BT 84.00 392.00 Td (amortized ) Tj ET Q q 0 0 0 rg BT 126.48 392.00 Td (over ) Tj ET Q q 0 0 0 rg BT 146.74 392.00 Td (the ) Tj ET Q q 0 0 0 rg BT 161.46 392.00 Td (useful ) Tj ET Q q 0 0 0 rg BT 188.40 392.00 Td (life ) Tj ET Q q 0 0 0 rg BT 204.22 392.00 Td (of ) Tj ET Q q 0 0 0 rg BT 215.05 392.00 Td (the ) Tj ET Q q 0 0 0 rg BT 229.77 392.00 Td (category ) Tj ET Q q 0 0 0 rg BT 266.70 392.00 Td (of ) Tj ET Q q 0 0 0 rg BT 277.53 392.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 303.36 392.00 Td (to ) Tj ET Q q 0 0 0 rg BT 313.63 392.00 Td (which ) Tj ET Q q 0 0 0 rg BT 340.57 392.00 Td (they ) Tj ET Q q 0 0 0 rg BT 360.29 392.00 Td (relate.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 344.00 Td (14. PROPER) Tj ET Q q 0 0 0 rg BT 114.76 344.00 Td (TY) Tj ET Q q 0 0 0 rg BT 127.73 344.00 Td (, PLANT) Tj ET Q q 0 0 0 rg BT 166.44 344.00 Td ( ) Tj ET Q q 0 0 0 rg BT 168.39 344.00 Td (AND EQUIPMENT) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 280.50 124.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.50 280.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 280.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 280.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 280.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 280.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 280.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 280.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 280.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 280.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 280.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 280.50 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 292.5 m 237.5 292.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 292.5 m 301.5 292.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 292.5 m 365.5 292.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 292.5 m 429.5 292.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 292.5 m 493.5 292.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 292.5 m 557.5 292.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 268.5 m 237.5 268.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 266.5 m 237.5 266.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 268.5 m 301.5 268.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 266.5 m 301.5 266.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 268.5 m 365.5 268.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 266.5 m 365.5 266.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 268.5 m 429.5 268.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 266.5 m 429.5 266.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 268.5 m 493.5 268.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 266.5 m 493.5 266.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 268.5 m 557.5 268.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 266.5 m 557.5 266.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.10 312.73 Td (Balance at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 183.75 304.73 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 199.00 296.73 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 254.30 296.73 Td (Additions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.95 296.73 Td (Disposals) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.05 296.73 Td (Depreciation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.25 304.73 Td (Translation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.40 296.73 Td (differences) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.10 312.73 Td (Balance at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.60 304.73 Td (September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 296.73 Td (2015) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 349.40 284.55 Td (\( thousand\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 271.73 Td (Property, plant and equipment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 208.30 271.73 Td (585,185) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.30 271.73 Td (119,092) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.60 271.73 Td (\(207) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.30 271.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.60 271.73 Td (\(106,955) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.30 271.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.60 271.73 Td (\(395) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.30 271.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.30 271.73 Td (596,720) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 244.00 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 244.00 Td (Additions ) Tj ET Q q 0 0 0 rg BT 132.16 244.00 Td (of ) Tj ET Q q 0 0 0 rg BT 143.21 244.00 Td (1) Tj ET Q q 0 0 0 rg BT 152.84 244.00 Td (19,092 ) Tj ET Q q 0 0 0 rg BT 183.06 244.00 Td (thousand ) Tj ET Q q 0 0 0 rg BT 221.88 244.00 Td (for ) Tj ET Q q 0 0 0 rg BT 236.26 244.00 Td (the ) Tj ET Q q 0 0 0 rg BT 251.19 244.00 Td (nine ) Tj ET Q q 0 0 0 rg BT 271.12 244.00 Td (months ) Tj ET Q q 0 0 0 rg BT 303.29 244.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 329.88 244.00 Td (September ) Tj ET Q q 0 0 0 rg BT 375.36 244.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 390.58 244.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 413.29 244.00 Td (were ) Tj ET Q q 0 0 0 rg BT 435.44 244.00 Td (mainly ) Tj ET Q q 0 0 0 rg BT 465.93 244.00 Td (comprised ) Tj ET Q q 0 0 0 rg BT 510.30 244.00 Td (of ) Tj ET Q q 0 0 0 rg BT 521.35 244.00 Td (additions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 232.00 Td (to ) Tj ET Q q 0 0 0 rg BT 64.28 232.00 Td (plant, ) Tj ET Q q 0 0 0 rg BT 89.27 232.00 Td (machinery ) Tj ET Q q 0 0 0 rg BT 133.98 232.00 Td (and ) Tj ET Q q 0 0 0 rg BT 150.91 232.00 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 198.13 232.00 Td (advances ) Tj ET Q q 0 0 0 rg BT 237.27 232.00 Td (and ) Tj ET Q q 0 0 0 rg BT 254.21 232.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 280.04 232.00 Td (under ) Tj ET Q q 0 0 0 rg BT 305.31 232.00 Td (construction. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 220.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 208.00 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 208.00 Td (For ) Tj ET Q q 0 0 0 rg BT 106.22 208.00 Td (the ) Tj ET Q q 0 0 0 rg BT 120.77 208.00 Td (nine ) Tj ET Q q 0 0 0 rg BT 140.32 208.00 Td (months ) Tj ET Q q 0 0 0 rg BT 172.11 208.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 198.32 208.00 Td (September ) Tj ET Q q 0 0 0 rg BT 243.41 208.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 258.25 208.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 283.08 208.00 Td (the ) Tj ET Q q 0 0 0 rg BT 297.63 208.00 Td (Group ) Tj ET Q q 0 0 0 rg BT 325.51 208.00 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 371.15 208.00 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 415.14 208.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 437.48 208.00 Td (of ) Tj ET Q q 0 0 0 rg BT 448.14 208.00 Td (250 ) Tj ET Q q 0 0 0 rg BT 470.47 208.00 Td (thousand. ) Tj ET Q q 0 0 0 rg BT 511.25 208.00 Td (Those ) Tj ET Q q 0 0 0 rg BT 538.02 208.00 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 196.00 Td (will ) Tj ET Q q 0 0 0 rg BT 72.06 196.00 Td (be ) Tj ET Q q 0 0 0 rg BT 84.00 196.00 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 132.57 196.00 Td (over ) Tj ET Q q 0 0 0 rg BT 152.84 196.00 Td (the ) Tj ET Q q 0 0 0 rg BT 167.56 196.00 Td (useful ) Tj ET Q q 0 0 0 rg BT 194.50 196.00 Td (life ) Tj ET Q q 0 0 0 rg BT 210.32 196.00 Td (of ) Tj ET Q q 0 0 0 rg BT 221.15 196.00 Td (the ) Tj ET Q q 0 0 0 rg BT 235.87 196.00 Td (category ) Tj ET Q q 0 0 0 rg BT 272.79 196.00 Td (of ) Tj ET Q q 0 0 0 rg BT 283.62 196.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 309.45 196.00 Td (to ) Tj ET Q q 0 0 0 rg BT 319.73 196.00 Td (which ) Tj ET Q q 0 0 0 rg BT 346.67 196.00 Td (they ) Tj ET Q q 0 0 0 rg BT 366.39 196.00 Td (relate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 184.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 172.00 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 172.00 Td (At ) Tj ET Q q 0 0 0 rg BT 103.10 172.00 Td (September30, ) Tj ET Q q 0 0 0 rg BT 163.97 172.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 189.58 172.00 Td (the ) Tj ET Q q 0 0 0 rg BT 204.90 172.00 Td (Group ) Tj ET Q q 0 0 0 rg BT 233.55 172.00 Td (had ) Tj ET Q q 0 0 0 rg BT 251.10 172.00 Td (contractual ) Tj ET Q q 0 0 0 rg BT 298.62 172.00 Td (commitments ) Tj ET Q q 0 0 0 rg BT 356.16 172.00 Td (for ) Tj ET Q q 0 0 0 rg BT 370.93 172.00 Td (the ) Tj ET Q q 0 0 0 rg BT 386.25 172.00 Td (purchase ) Tj ET Q q 0 0 0 rg BT 424.89 172.00 Td (of ) Tj ET Q q 0 0 0 rg BT 436.33 172.00 Td (property) Tj ET Q q 0 0 0 rg BT 469.55 172.00 Td (, ) Tj ET Q q 0 0 0 rg BT 475.16 172.00 Td (plant ) Tj ET Q q 0 0 0 rg BT 498.26 172.00 Td (and ) Tj ET Q q 0 0 0 rg BT 515.80 172.00 Td (equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 160.00 Td (amounting ) Tj ET Q q 0 0 0 rg BT 99.27 160.00 Td (to ) Tj ET Q q 0 0 0 rg BT 109.55 160.00 Td (57,883 ) Tj ET Q q 0 0 0 rg BT 144.55 160.00 Td (thousand ) Tj ET Q q 0 0 0 rg BT 183.16 160.00 Td (\(52,389 ) Tj ET Q q 0 0 0 rg BT 221.49 160.00 Td (thousand ) Tj ET Q q 0 0 0 rg BT 260.10 160.00 Td (at ) Tj ET Q q 0 0 0 rg BT 269.82 160.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 328.40 160.00 Td (2014\).) Tj ET Q endstream endobj 91 0 obj <> endobj 92 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.85 760.75 Td (FERRARI N.V) Tj ET Q q 0 0 0 rg BT 336.56 760.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.20 748.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 143.42 748.75 Td (T) Tj ET Q q 0 0 0 rg BT 149.91 748.75 Td (O ) Tj ET Q q 0 0 0 rg BT 160.01 748.75 Td (THE INTERIM CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 356.24 748.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 435.42 748.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 449.41 748.75 Td (A) Tj ET Q q 0 0 0 rg BT 455.89 748.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 736.75 Td (\(Unaudited\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-42) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 713.25 Td (15. INVESTMENTS ) Tj ET Q q 0 0 0 rg BT 148.75 713.25 Td (AND OTHER FINANCIAL) Tj ET Q q 0 0 0 rg BT 267.65 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 269.60 713.25 Td (ASSETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 683.85 Td (The ) Tj ET Q q 0 0 0 rg BT 72.05 683.85 Td (composition ) Tj ET Q q 0 0 0 rg BT 123.99 683.85 Td (of ) Tj ET Q q 0 0 0 rg BT 134.82 683.85 Td (investments ) Tj ET Q q 0 0 0 rg BT 185.09 683.85 Td (and ) Tj ET Q q 0 0 0 rg BT 202.03 683.85 Td (other ) Tj ET Q q 0 0 0 rg BT 225.08 683.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 262.56 683.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 288.39 683.85 Td (is ) Tj ET Q q 0 0 0 rg BT 297.56 683.85 Td (as ) Tj ET Q q 0 0 0 rg BT 308.39 683.85 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 599.35 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 599.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 599.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 599.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 571.35 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 571.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 571.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 571.35 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 627.35 m 473.5 627.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 627.35 m 557.5 627.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 627.35 m 473.5 627.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 627.35 m 557.5 627.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 571.35 m 473.5 571.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 558.35 m 473.5 558.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 556.35 m 473.5 556.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 571.35 m 557.5 571.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 558.35 m 557.5 558.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 556.35 m 557.5 556.35 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.70 640.80 Td (At September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.00 631.80 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 640.80 Td (At December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.00 631.80 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.35 617.60 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 604.61 Td (Investment properties) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.00 603.81 Td (-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 603.81 Td (35,565) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 590.61 Td (Delta ) Tj ET Q q 0 0 0 rg BT 77.58 590.61 Td (T) Tj ET Q q 0 0 0 rg BT 82.45 590.61 Td (op Co option) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 589.81 Td (10,730) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 589.81 Td (10,546) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 575.81 Td (Other securities and other financial assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.75 575.81 Td (2,133) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 575.81 Td (1,320) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 561.80 Td (T) Tj ET Q q 0 0 0 rg BT 61.18 561.80 Td (otal investments and other) Tj ET Q q 0 0 0 rg BT 162.76 561.80 Td ( financial assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.25 561.80 Td (12,863) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.25 561.80 Td (47,431) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 528.45 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 528.45 Td (On ) Tj ET Q q 0 0 0 rg BT 104.52 528.45 Td (September ) Tj ET Q q 0 0 0 rg BT 149.58 528.45 Td (23, ) Tj ET Q q 0 0 0 rg BT 164.37 528.45 Td (2015, ) Tj ET Q q 0 0 0 rg BT 189.17 528.45 Td (the ) Tj ET Q q 0 0 0 rg BT 203.68 528.45 Td (Group ) Tj ET Q q 0 0 0 rg BT 231.52 528.45 Td (signed ) Tj ET Q q 0 0 0 rg BT 259.93 528.45 Td (an ) Tj ET Q q 0 0 0 rg BT 271.66 528.45 Td (agreement ) Tj ET Q q 0 0 0 rg BT 315.60 528.45 Td (to ) Tj ET Q q 0 0 0 rg BT 325.67 528.45 Td (sell ) Tj ET Q q 0 0 0 rg BT 341.85 528.45 Td (a ) Tj ET Q q 0 0 0 rg BT 348.58 528.45 Td (group ) Tj ET Q q 0 0 0 rg BT 374.21 528.45 Td (of ) Tj ET Q q 0 0 0 rg BT 384.83 528.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 410.46 528.45 Td (related ) Tj ET Q q 0 0 0 rg BT 439.96 528.45 Td (to ) Tj ET Q q 0 0 0 rg BT 450.03 528.45 Td (its ) Tj ET Q q 0 0 0 rg BT 461.77 528.45 Td (investment ) Tj ET Q q 0 0 0 rg BT 507.95 528.45 Td (properties ) Tj ET Q q 0 0 0 rg BT 550.23 528.45 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 516.45 Td (Modena, ) Tj ET Q q 0 0 0 rg BT 91.91 516.45 Td (Italy) Tj ET Q q 0 0 0 rg BT 109.59 516.45 Td (, ) Tj ET Q q 0 0 0 rg BT 114.73 516.45 Td (to ) Tj ET Q q 0 0 0 rg BT 125.15 516.45 Td (the ) Tj ET Q q 0 0 0 rg BT 140.01 516.45 Td (tenant, ) Tj ET Q q 0 0 0 rg BT 169.59 516.45 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 207.22 516.45 Td (S.p.A., ) Tj ET Q q 0 0 0 rg BT 237.64 516.45 Td (an ) Tj ET Q q 0 0 0 rg BT 249.72 516.45 Td (FCA) Tj ET Q q 0 0 0 rg BT 268.63 516.45 Td ( ) Tj ET Q q 0 0 0 rg BT 271.27 516.45 Td (Group ) Tj ET Q q 0 0 0 rg BT 299.46 516.45 Td (company) Tj ET Q q 0 0 0 rg BT 335.47 516.45 Td (. ) Tj ET Q q 0 0 0 rg BT 340.61 516.45 Td ( ) Tj ET Q q 0 0 0 rg BT 343.06 516.45 Td (The ) Tj ET Q q 0 0 0 rg BT 361.25 516.45 Td (total ) Tj ET Q q 0 0 0 rg BT 381.67 516.45 Td (sale ) Tj ET Q q 0 0 0 rg BT 399.86 516.45 Td (price ) Tj ET Q q 0 0 0 rg BT 422.49 516.45 Td (\(as ) Tj ET Q q 0 0 0 rg BT 436.79 516.45 Td (determined ) Tj ET Q q 0 0 0 rg BT 484.42 516.45 Td (by ) Tj ET Q q 0 0 0 rg BT 497.06 516.45 Td (an ) Tj ET Q q 0 0 0 rg BT 509.14 516.45 Td (independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 504.45 Td (valuation\) ) Tj ET Q q 0 0 0 rg BT 97.50 504.45 Td (amounted ) Tj ET Q q 0 0 0 rg BT 139.90 504.45 Td (to ) Tj ET Q q 0 0 0 rg BT 150.64 504.45 Td (37,130 ) Tj ET Q q 0 0 0 rg BT 186.10 504.45 Td (thousand ) Tj ET Q q 0 0 0 rg BT 225.17 504.45 Td (and ) Tj ET Q q 0 0 0 rg BT 242.57 504.45 Td (was ) Tj ET Q q 0 0 0 rg BT 261.08 504.45 Td (received ) Tj ET Q q 0 0 0 rg BT 297.91 504.45 Td (in ) Tj ET Q q 0 0 0 rg BT 308.65 504.45 Td (the ) Tj ET Q q 0 0 0 rg BT 323.82 504.45 Td (third ) Tj ET Q q 0 0 0 rg BT 345.67 504.45 Td (quarter ) Tj ET Q q 0 0 0 rg BT 376.95 504.45 Td (of ) Tj ET Q q 0 0 0 rg BT 388.24 504.45 Td (2015. ) Tj ET Q q 0 0 0 rg BT 413.05 504.45 Td (At ) Tj ET Q q 0 0 0 rg BT 426.01 504.45 Td (the ) Tj ET Q q 0 0 0 rg BT 441.19 504.45 Td (transaction ) Tj ET Q q 0 0 0 rg BT 488.02 504.45 Td (date ) Tj ET Q q 0 0 0 rg BT 507.64 504.45 Td (the ) Tj ET Q q 0 0 0 rg BT 522.82 504.45 Td (net ) Tj ET Q q 0 0 0 rg BT 537.99 504.45 Td (book ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 492.45 Td (value ) Tj ET Q q 0 0 0 rg BT 78.31 492.45 Td (of ) Tj ET Q q 0 0 0 rg BT 89.29 492.45 Td (the ) Tj ET Q q 0 0 0 rg BT 104.16 492.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 130.14 492.45 Td (and ) Tj ET Q q 0 0 0 rg BT 147.23 492.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 187.10 492.45 Td (disposed ) Tj ET Q q 0 0 0 rg BT 224.76 492.45 Td (of ) Tj ET Q q 0 0 0 rg BT 235.74 492.45 Td (was ) Tj ET Q q 0 0 0 rg BT 253.94 492.45 Td (31,328 ) Tj ET Q q 0 0 0 rg BT 289.10 492.45 Td (thousand. ) Tj ET Q q 0 0 0 rg BT 330.17 492.45 Td (The ) Tj ET Q q 0 0 0 rg BT 348.37 492.45 Td (gain ) Tj ET Q q 0 0 0 rg BT 368.24 492.45 Td (on ) Tj ET Q q 0 0 0 rg BT 380.89 492.45 Td (the ) Tj ET Q q 0 0 0 rg BT 395.76 492.45 Td (sale ) Tj ET Q q 0 0 0 rg BT 413.96 492.45 Td (of ) Tj ET Q q 0 0 0 rg BT 424.94 492.45 Td (5,802 ) Tj ET Q q 0 0 0 rg BT 455.09 492.45 Td (thousand ) Tj ET Q q 0 0 0 rg BT 493.86 492.45 Td (was ) Tj ET Q q 0 0 0 rg BT 512.06 492.45 Td (recorded ) Tj ET Q q 0 0 0 rg BT 549.69 492.45 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 480.45 Td (other ) Tj ET Q q 0 0 0 rg BT 77.05 480.45 Td (income. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 456.45 Td (16. INVENT) Tj ET Q q 0 0 0 rg BT 112.72 456.45 Td (ORIES) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 399.95 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 399.95 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 399.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 399.95 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 371.95 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 371.95 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 371.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 371.95 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 412.95 m 473.5 412.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 412.95 m 557.5 412.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 412.95 m 473.5 412.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 412.95 m 557.5 412.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 357.95 m 473.5 357.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 344.95 m 473.5 344.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 342.95 m 473.5 342.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 357.95 m 557.5 357.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 344.95 m 557.5 344.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 342.95 m 557.5 342.95 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.70 425.35 Td (At September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.00 416.35 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 425.35 Td (At December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.00 416.35 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.35 404.20 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 390.41 Td (Raw materials) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 390.41 Td (63,835) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 390.41 Td (91,035) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 376.41 Td (Semi-finished goods) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 376.41 Td (78,259) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 376.41 Td (59,771) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 362.41 Td (Finished goods) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 362.41 Td (159,600) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 362.41 Td (145,199) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 348.40 Td (Total inventories) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.75 348.40 Td (301,694) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 348.40 Td (296,005) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 320.45 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 320.45 Td (The ) Tj ET Q q 0 0 0 rg BT 107.14 320.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 138.73 320.45 Td (of ) Tj ET Q q 0 0 0 rg BT 148.65 320.45 Td (inventory ) Tj ET Q q 0 0 0 rg BT 188.57 320.45 Td (writedowns ) Tj ET Q q 0 0 0 rg BT 236.83 320.45 Td (recognized ) Tj ET Q q 0 0 0 rg BT 282.29 320.45 Td (as ) Tj ET Q q 0 0 0 rg BT 292.21 320.45 Td (an ) Tj ET Q q 0 0 0 rg BT 303.24 320.45 Td (expense ) Tj ET Q q 0 0 0 rg BT 337.04 320.45 Td (within ) Tj ET Q q 0 0 0 rg BT 364.19 320.45 Td (cost ) Tj ET Q q 0 0 0 rg BT 381.90 320.45 Td (of ) Tj ET Q q 0 0 0 rg BT 391.82 320.45 Td (sales ) Tj ET Q q 0 0 0 rg BT 412.85 320.45 Td (for ) Tj ET Q q 0 0 0 rg BT 426.11 320.45 Td (the ) Tj ET Q q 0 0 0 rg BT 439.92 320.45 Td (nine ) Tj ET Q q 0 0 0 rg BT 458.73 320.45 Td (months ) Tj ET Q q 0 0 0 rg BT 489.77 320.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 515.24 320.45 Td (September ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 308.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 69.34 308.45 Td (2015 ) Tj ET Q q 0 0 0 rg BT 92.17 308.45 Td (was ) Tj ET Q q 0 0 0 rg BT 110.56 308.45 Td (1) Tj ET Q q 0 0 0 rg BT 120.19 308.45 Td (1,475 ) Tj ET Q q 0 0 0 rg BT 145.53 308.45 Td (thousand ) Tj ET Q q 0 0 0 rg BT 184.47 308.45 Td (\(2,883 ) Tj ET Q q 0 0 0 rg BT 218.14 308.45 Td (thousand ) Tj ET Q q 0 0 0 rg BT 257.09 308.45 Td (for ) Tj ET Q q 0 0 0 rg BT 271.58 308.45 Td (the ) Tj ET Q q 0 0 0 rg BT 286.64 308.45 Td (nine ) Tj ET Q q 0 0 0 rg BT 306.69 308.45 Td (months ) Tj ET Q q 0 0 0 rg BT 338.98 308.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 365.69 308.45 Td (September ) Tj ET Q q 0 0 0 rg BT 411.29 308.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 426.63 308.45 Td (2014\). ) Tj ET Q q 0 0 0 rg BT 455.09 308.45 Td (The ) Tj ET Q q 0 0 0 rg BT 473.47 308.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 509.06 308.45 Td (in ) Tj ET Q q 0 0 0 rg BT 519.68 308.45 Td (inventory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 296.45 Td (writedowns ) Tj ET Q q 0 0 0 rg BT 103.26 296.45 Td (was ) Tj ET Q q 0 0 0 rg BT 121.42 296.45 Td (primarily ) Tj ET Q q 0 0 0 rg BT 161.23 296.45 Td (attributable ) Tj ET Q q 0 0 0 rg BT 209.37 296.45 Td (to ) Tj ET Q q 0 0 0 rg BT 219.75 296.45 Td (raw ) Tj ET Q q 0 0 0 rg BT 237.34 296.45 Td (materials ) Tj ET Q q 0 0 0 rg BT 276.60 296.45 Td (related ) Tj ET Q q 0 0 0 rg BT 306.40 296.45 Td (to ) Tj ET Q q 0 0 0 rg BT 316.78 296.45 Td (the ) Tj ET Q q 0 0 0 rg BT 331.60 296.45 Td (458 ) Tj ET Q q 0 0 0 rg BT 349.21 296.45 Td (Italia ) Tj ET Q q 0 0 0 rg BT 372.35 296.45 Td (and ) Tj ET Q q 0 0 0 rg BT 389.39 296.45 Td (458 ) Tj ET Q q 0 0 0 rg BT 406.99 296.45 Td (Spider) Tj ET Q q 0 0 0 rg BT 432.70 296.45 Td (, ) Tj ET Q q 0 0 0 rg BT 437.80 296.45 Td (which ) Tj ET Q q 0 0 0 rg BT 464.84 296.45 Td (are ) Tj ET Q q 0 0 0 rg BT 479.65 296.45 Td (being ) Tj ET Q q 0 0 0 rg BT 504.47 296.45 Td (phased ) Tj ET Q q 0 0 0 rg BT 534.84 296.45 Td (out ) Tj ET Q q 0 0 0 rg BT 550.23 296.45 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 284.45 Td (2015.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 260.45 Td (17. CURRENT) Tj ET Q q 0 0 0 rg BT 123.27 260.45 Td ( RECEIV) Tj ET Q q 0 0 0 rg BT 163.38 260.45 Td (ABLES, OTHER CURRENT) Tj ET Q q 0 0 0 rg BT 289.05 260.45 Td ( ) Tj ET Q q 0 0 0 rg BT 291.00 260.45 Td (ASSETS ) Tj ET Q q 0 0 0 rg BT 330.20 260.45 Td (AND DEPOSITS IN FCA) Tj ET Q q 0 0 0 rg BT 439.94 260.45 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 477.99 260.45 Td ( CASH ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 248.45 Td (MANAGEMENT) Tj ET Q q 0 0 0 rg BT 129.37 248.45 Td ( POOLS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 224.45 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 224.45 Td (The ) Tj ET Q q 0 0 0 rg BT 107.77 224.45 Td (composition ) Tj ET Q q 0 0 0 rg BT 159.44 224.45 Td (of ) Tj ET Q q 0 0 0 rg BT 170.00 224.45 Td (the ) Tj ET Q q 0 0 0 rg BT 184.44 224.45 Td (current ) Tj ET Q q 0 0 0 rg BT 214.99 224.45 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 264.68 224.45 Td (other ) Tj ET Q q 0 0 0 rg BT 287.46 224.45 Td (current ) Tj ET Q q 0 0 0 rg BT 318.00 224.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 343.55 224.45 Td (and ) Tj ET Q q 0 0 0 rg BT 360.22 224.45 Td (deposits ) Tj ET Q q 0 0 0 rg BT 395.22 224.45 Td (in ) Tj ET Q q 0 0 0 rg BT 405.23 224.45 Td (FCA) Tj ET Q q 0 0 0 rg BT 424.13 224.45 Td ( ) Tj ET Q q 0 0 0 rg BT 426.36 224.45 Td (Group ) Tj ET Q q 0 0 0 rg BT 454.14 224.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 474.13 224.45 Td (management ) Tj ET Q q 0 0 0 rg BT 527.45 224.45 Td (pools ) Tj ET Q q 0 0 0 rg BT 551.34 224.45 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 212.45 Td (as ) Tj ET Q q 0 0 0 rg BT 64.83 212.45 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 153.95 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 153.95 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 153.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 153.95 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 125.95 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 125.95 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 125.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 125.95 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 97.95 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 97.95 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 97.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 97.95 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 166.95000000000005 m 474.5 166.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 166.95000000000005 m 558.5 166.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 166.95000000000005 m 474.5 166.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 166.95000000000005 m 558.5 166.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 83.95000000000005 m 474.5 83.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 70.95000000000005 m 474.5 70.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 68.95000000000005 m 474.5 68.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 83.95000000000005 m 558.5 83.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 70.95000000000005 m 558.5 70.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 68.95000000000005 m 558.5 68.95000000000005 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 402.70 180.40 Td (At September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 171.40 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.95 180.40 Td (At December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 511.00 171.40 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.35 158.20 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 144.41 Td (Trade receivables) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.75 144.41 Td (135,620) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 144.41 Td (183,642) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 130.41 Td (Deposits in FCA Group cash management pools) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 130.41 Td (1,215,627) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 130.41 Td (942,469) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 116.41 Td (Receivables from financing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 116.41 Td (1,198,727) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.00 116.41 Td (1,224,446) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 102.41 Td (Current tax receivables) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.25 102.41 Td (11,248) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 102.41 Td (3,016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 88.41 Td (Other current assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.25 88.41 Td (68,762) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 88.41 Td (52,052) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 74.40 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.00 74.40 Td (2,629,984) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.00 74.40 Td (2,405,625) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 93 0 obj <> endobj 94 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.85 760.75 Td (FERRARI N.V) Tj ET Q q 0 0 0 rg BT 336.56 760.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.20 748.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 143.42 748.75 Td (T) Tj ET Q q 0 0 0 rg BT 149.91 748.75 Td (O ) Tj ET Q q 0 0 0 rg BT 160.01 748.75 Td (THE INTERIM CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 356.24 748.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 435.42 748.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 449.41 748.75 Td (A) Tj ET Q q 0 0 0 rg BT 455.89 748.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 736.75 Td (\(Unaudited\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 713.10 Td (Following ) Tj ET Q q 0 0 0 rg BT 134.45 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.01 713.10 Td (Separation, ) Tj ET Q q 0 0 0 rg BT 198.61 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.16 713.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 271.36 713.10 Td (related ) Tj ET Q q 0 0 0 rg BT 301.90 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 313.01 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.57 713.10 Td (Deposits ) Tj ET Q q 0 0 0 rg BT 366.90 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 378.02 713.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 396.92 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 400.26 713.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 429.14 713.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 450.25 713.10 Td (management ) Tj ET Q q 0 0 0 rg BT 504.67 713.10 Td (pools ) Tj ET Q q 0 0 0 rg BT 529.68 713.10 Td (will ) Tj ET Q q 0 0 0 rg BT 548.57 713.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 701.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 99.26 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.20 701.10 Td (we ) Tj ET Q q 0 0 0 rg BT 130.36 701.10 Td (will ) Tj ET Q q 0 0 0 rg BT 148.41 701.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 182.01 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 197.84 701.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 234.23 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.17 701.10 Td (treasury ) Tj ET Q q 0 0 0 rg BT 285.88 701.10 Td (function ) Tj ET Q q 0 0 0 rg BT 321.70 701.10 Td (on ) Tj ET Q q 0 0 0 rg BT 334.20 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 341.14 701.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 386.40 701.10 Td (basis. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 677.10 Td (Receivables ) Tj ET Q q 0 0 0 rg BT 104.81 677.10 Td (from ) Tj ET Q q 0 0 0 rg BT 127.31 677.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 169.82 677.10 Td (activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 653.10 Td (Receivables ) Tj ET Q q 0 0 0 rg BT 140.81 653.10 Td (from ) Tj ET Q q 0 0 0 rg BT 162.75 653.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 203.01 653.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 241.61 653.10 Td (are ) Tj ET Q q 0 0 0 rg BT 256.32 653.10 Td (as ) Tj ET Q q 0 0 0 rg BT 267.15 653.10 Td (follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 594.60 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 594.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 594.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 594.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 566.60 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 566.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 566.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 566.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 538.60 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 538.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 538.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 538.60 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 607.6 m 473.5 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 607.6 m 557.5 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 607.6 m 473.5 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 607.6 m 557.5 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 524.6 m 473.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 511.6 m 473.5 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 509.6 m 473.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 524.6 m 557.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 511.6 m 557.5 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 509.6 m 557.5 509.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.70 621.05 Td (At September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.00 612.05 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 621.05 Td (At December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.00 612.05 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.35 598.85 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 585.06 Td (Client financing) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.00 585.06 Td (1,140,759) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 585.06 Td (939,284) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 571.06 Td (Financial receivables from FCA Group companies) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.00 570.85 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 571.06 Td (161,303) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 557.06 Td (Factoring receivables) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 557.06 Td (31,269) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 557.06 Td (89,821) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 543.06 Td (Dealer financing) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 543.06 Td (23,314) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 543.06 Td (33,611) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 529.06 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.75 529.06 Td (3,385) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.50 529.06 Td (427) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 515.05 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 434.00 515.05 Td (1,198,727) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.00 515.05 Td (1,224,446) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 487.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 487.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.42 487.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 145.70 487.10 Td (in ) Tj ET Q q 0 0 0 rg BT 156.35 487.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 194.20 487.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 242.05 487.10 Td (from ) Tj ET Q q 0 0 0 rg BT 264.36 487.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 283.26 487.10 Td ( ) Tj ET Q q 0 0 0 rg BT 286.13 487.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 314.55 487.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 360.19 487.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 400.27 487.10 Td (relates ) Tj ET Q q 0 0 0 rg BT 429.23 487.10 Td (to ) Tj ET Q q 0 0 0 rg BT 439.88 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.97 487.10 Td (full ) Tj ET Q q 0 0 0 rg BT 471.73 487.10 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 534.58 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 545.78 487.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 475.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 94.26 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.09 475.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 145.92 475.10 Td (related ) Tj ET Q q 0 0 0 rg BT 175.62 475.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.90 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.62 475.10 Td (establishment ) Tj ET Q q 0 0 0 rg BT 258.11 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.94 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.65 475.10 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 321.14 475.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 366.40 475.10 Td (business ) Tj ET Q q 0 0 0 rg BT 402.79 475.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.07 475.10 Td (China.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 427.10 Td (18. CURRENT) Tj ET Q q 0 0 0 rg BT 123.27 427.10 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 181.89 427.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.83 427.10 Td (ASSETS ) Tj ET Q q 0 0 0 rg BT 223.03 427.10 Td (AND OTHER FINANCIAL) Tj ET Q q 0 0 0 rg BT 341.93 427.10 Td ( LIABILITIES) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 363.60 172.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 363.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 363.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 363.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 363.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 363.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 363.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 363.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 335.60 172.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 335.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 335.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 335.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 335.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 335.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 335.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 335.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 307.60 172.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 307.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 307.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 307.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 307.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 307.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 307.60 4.00 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335.6 m 389.5 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 335.6 m 473.5 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 335.6 m 557.5 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 307.6 m 305.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 294.6 m 305.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 292.6 m 305.5 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 307.6 m 389.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 294.6 m 389.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 292.6 m 389.5 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 307.6 m 473.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 294.6 m 473.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 292.6 m 473.5 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 307.6 m 557.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 294.6 m 557.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 292.6 m 557.5 292.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 265.55 395.05 Td (At September 30, 2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 434.80 395.05 Td (At December 31, 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 230.55 381.05 Td (Positivefair value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 312.80 381.05 Td (Negativefair value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.55 381.05 Td (Positivefair value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.80 381.05 Td (Negativefair value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.85 367.85 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 354.06 Td (Cash flow hedge:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 340.06 Td (Foreign currency forwards) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.75 340.06 Td (6,041) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.75 340.06 Td (\(118,933) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.00 340.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.75 340.06 Td (8,004) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.75 340.06 Td (\(100,620) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 340.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 326.05 Td (Total cash flow hedges) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 281.75 326.05 Td (6,041) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.75 326.05 Td (\(118,933) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 386.00 326.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 449.75 326.05 Td (8,004) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 521.75 326.05 Td (\(100,620) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.00 326.05 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 312.06 Td (Other foreign exchange derivatives) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.75 312.06 Td (1,909) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.50 312.06 Td (\(485) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.00 312.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.50 312.06 Td (743) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 312.06 Td (\(3,473) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 312.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 298.05 Td (Other financial assets/\(liabilities\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 281.75 298.05 Td (7,950) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.75 298.05 Td (\(119,418) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 386.00 298.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 449.75 298.05 Td (8,747) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 521.75 298.05 Td (\(104,093) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.00 298.05 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 270.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 270.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 115.47 270.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 147.04 270.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 187.50 270.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 234.07 270.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 258.97 270.10 Td (to ) Tj ET Q q 0 0 0 rg BT 269.45 270.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 301.02 270.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 338.70 270.10 Td (forwards ) Tj ET Q q 0 0 0 rg BT 376.94 270.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 409.06 270.10 Td (into ) Tj ET Q q 0 0 0 rg BT 427.32 270.10 Td (for ) Tj ET Q q 0 0 0 rg BT 441.68 270.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 476.59 270.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 514.84 270.10 Td (that ) Tj ET Q q 0 0 0 rg BT 532.54 270.10 Td (do ) Tj ET Q q 0 0 0 rg BT 545.24 270.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 258.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 84.83 258.10 Td (for ) Tj ET Q q 0 0 0 rg BT 98.99 258.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 125.36 258.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 171.73 258.10 Td (treatment.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 234.10 Td (19. ) Tj ET Q q 0 0 0 rg BT 69.00 234.10 Td ( ) Tj ET Q q 0 0 0 rg BT 71.50 234.10 Td ( ) Tj ET Q q 0 0 0 rg BT 74.00 234.10 Td (EQUITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 210.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 210.10 Td (As ) Tj ET Q q 0 0 0 rg BT 104.74 210.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 146.70 210.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.11 210.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 181.18 210.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 192.31 210.10 Td (with ) Tj ET Q q 0 0 0 rg BT 213.72 210.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.57 210.10 Td (exception ) Tj ET Q q 0 0 0 rg BT 272.07 210.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.03 210.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.88 210.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 318.78 210.10 Td ( ) Tj ET Q q 0 0 0 rg BT 322.41 210.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 345.48 210.10 Td (and ) Tj ET Q q 0 0 0 rg BT 363.55 210.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 411.62 210.10 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 460.78 210.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 476.07 210.10 Td (detailed ) Tj ET Q q 0 0 0 rg BT 511.35 210.10 Td (herein\), ) Tj ET Q q 0 0 0 rg BT 545.80 210.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 198.10 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 110.80 198.10 Td (has ) Tj ET Q q 0 0 0 rg BT 126.50 198.10 Td (been ) Tj ET Q q 0 0 0 rg BT 147.75 198.10 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 209.54 198.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 246.88 198.10 Td (in ) Tj ET Q q 0 0 0 rg BT 257.03 198.10 Td (these ) Tj ET Q q 0 0 0 rg BT 279.95 198.10 Td (Interim ) Tj ET Q q 0 0 0 rg BT 311.75 198.10 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 358.56 198.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 413.71 198.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 453.29 198.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 499.54 198.10 Td (in ) Tj ET Q q 0 0 0 rg BT 509.69 198.10 Td (determining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 186.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.72 186.10 Td (number ) Tj ET Q q 0 0 0 rg BT 101.76 186.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.59 186.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 140.08 186.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 189.25 186.10 Td (as ) Tj ET Q q 0 0 0 rg BT 200.08 186.10 Td (though ) Tj ET Q q 0 0 0 rg BT 230.36 186.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.07 186.10 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 302.01 186.10 Td (had ) Tj ET Q q 0 0 0 rg BT 318.95 186.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 356.42 186.10 Td (ef) Tj ET Q q 0 0 0 rg BT 364.01 186.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 393.71 186.10 Td (January ) Tj ET Q q 0 0 0 rg BT 427.31 186.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 437.31 186.10 Td (2014.) Tj ET Q endstream endobj 95 0 obj <> endobj 96 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.85 760.75 Td (FERRARI N.V) Tj ET Q q 0 0 0 rg BT 336.56 760.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.20 748.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 143.42 748.75 Td (T) Tj ET Q q 0 0 0 rg BT 149.91 748.75 Td (O ) Tj ET Q q 0 0 0 rg BT 160.01 748.75 Td (THE INTERIM CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 356.24 748.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 435.42 748.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 449.41 748.75 Td (A) Tj ET Q q 0 0 0 rg BT 455.89 748.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 736.75 Td (\(Unaudited\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 713.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 90.00 713.10 Td (Share ) Tj ET Q q 0 0 0 rg BT 116.95 713.10 Td (capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 689.10 Td (Following ) Tj ET Q q 0 0 0 rg BT 133.31 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.72 689.10 Td (Restructuring, ) Tj ET Q q 0 0 0 rg BT 206.85 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.26 689.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 242.34 689.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 261.75 689.10 Td (up ) Tj ET Q q 0 0 0 rg BT 273.95 689.10 Td (share ) Tj ET Q q 0 0 0 rg BT 297.24 689.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 326.08 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.61 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.02 689.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 392.10 689.10 Td (is ) Tj ET Q q 0 0 0 rg BT 400.96 689.10 Td (3,778 ) Tj ET Q q 0 0 0 rg BT 430.66 689.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 468.96 689.10 Td (at ) Tj ET Q q 0 0 0 rg BT 478.37 689.10 Td (September ) Tj ET Q q 0 0 0 rg BT 523.33 689.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 538.02 689.10 Td (2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 70.65 677.10 Td (December ) Tj ET Q q 0 0 0 rg BT 113.94 677.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 128.65 677.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 153.36 677.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 201.02 677.10 Td (, ) Tj ET Q q 0 0 0 rg BT 205.73 677.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 248.50 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.04 677.10 Td (188,921,600 ) Tj ET Q q 0 0 0 rg BT 311.25 677.10 Td (common ) Tj ET Q q 0 0 0 rg BT 348.45 677.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 375.65 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.30 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.72 677.10 Td (same ) Tj ET Q q 0 0 0 rg BT 429.48 677.10 Td (number ) Tj ET Q q 0 0 0 rg BT 462.24 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.78 677.10 Td (special ) Tj ET Q q 0 0 0 rg BT 502.75 677.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 530.52 677.10 Td (shares, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 665.10 Td (all ) Tj ET Q q 0 0 0 rg BT 66.50 665.10 Td (with ) Tj ET Q q 0 0 0 rg BT 86.77 665.10 Td (a ) Tj ET Q q 0 0 0 rg BT 93.71 665.10 Td (nominal ) Tj ET Q q 0 0 0 rg BT 128.99 665.10 Td (value ) Tj ET Q q 0 0 0 rg BT 153.14 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.97 665.10 Td (0.01.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 641.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.32 641.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 147.99 641.10 Td (did ) Tj ET Q q 0 0 0 rg BT 162.54 641.10 Td (not ) Tj ET Q q 0 0 0 rg BT 177.10 641.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 198.87 641.10 Td (new ) Tj ET Q q 0 0 0 rg BT 217.31 641.10 Td (common ) Tj ET Q q 0 0 0 rg BT 254.08 641.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 280.85 641.10 Td (or ) Tj ET Q q 0 0 0 rg BT 290.95 641.10 Td (special ) Tj ET Q q 0 0 0 rg BT 320.49 641.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 347.83 641.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 374.59 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 384.15 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.14 641.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 423.25 641.10 Td (public ) Tj ET Q q 0 0 0 rg BT 450.02 641.10 Td (of) Tj ET Q q 0 0 0 rg BT 458.17 641.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 483.82 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.04 641.10 Td (did ) Tj ET Q q 0 0 0 rg BT 514.59 641.10 Td (not ) Tj ET Q q 0 0 0 rg BT 529.15 641.10 Td (receive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 629.10 Td (any ) Tj ET Q q 0 0 0 rg BT 70.78 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.45 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.01 629.10 Td (proceeds. ) Tj ET Q q 0 0 0 rg BT 135.87 629.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 185.77 629.10 Td (, ) Tj ET Q q 0 0 0 rg BT 190.61 629.10 Td (following ) Tj ET Q q 0 0 0 rg BT 231.84 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.40 629.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 272.07 629.10 Td (public ) Tj ET Q q 0 0 0 rg BT 299.41 629.10 Td (of) Tj ET Q q 0 0 0 rg BT 307.56 629.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 333.78 629.10 Td (18,892,150 ) Tj ET Q q 0 0 0 rg BT 381.12 629.10 Td (special ) Tj ET Q q 0 0 0 rg BT 411.22 629.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 439.12 629.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 466.45 629.10 Td (will ) Tj ET Q q 0 0 0 rg BT 484.35 629.10 Td (be ) Tj ET Q q 0 0 0 rg BT 496.13 629.10 Td (held ) Tj ET Q q 0 0 0 rg BT 515.69 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 525.81 629.10 Td (treasury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 617.10 Td (until ) Tj ET Q q 0 0 0 rg BT 74.83 617.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 113.44 617.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 134.82 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.75 617.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 182.58 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.86 617.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 237.55 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 247.83 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.55 617.10 Td (loyalty ) Tj ET Q q 0 0 0 rg BT 292.82 617.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 320.88 617.10 Td (program.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 593.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 90.00 593.10 Td (The loyalty voting structure) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 569.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 108.90 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 111.43 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.40 569.10 Td (Piero ) Tj ET Q q 0 0 0 rg BT 152.04 569.10 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 181.78 569.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 226.51 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 236.82 569.10 Td (our ) Tj ET Q q 0 0 0 rg BT 252.68 569.10 Td (loyalty ) Tj ET Q q 0 0 0 rg BT 282.98 569.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 311.07 569.10 Td (program ) Tj ET Q q 0 0 0 rg BT 347.48 569.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 366.94 569.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 408.06 569.10 Td (ef) Tj ET Q q 0 0 0 rg BT 415.65 569.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 453.16 569.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 473.47 569.10 Td (two ) Tj ET Q q 0 0 0 rg BT 491.00 569.10 Td (votes ) Tj ET Q q 0 0 0 rg BT 514.64 569.10 Td (for ) Tj ET Q q 0 0 0 rg BT 528.83 569.10 Td (each ) Tj ET Q q 0 0 0 rg BT 549.67 569.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.59 557.10 Td (common ) Tj ET Q q 0 0 0 rg BT 105.96 557.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 133.32 557.10 Td (they ) Tj ET Q q 0 0 0 rg BT 152.91 557.10 Td (hold. ) Tj ET Q q 0 0 0 rg BT 175.56 557.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 194.46 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.84 557.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 249.75 557.10 Td (that ) Tj ET Q q 0 0 0 rg BT 267.12 557.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 311.69 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 321.84 557.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 340.18 557.10 Td () Tj ET Q q 0 0 0 rg BT 342.96 557.10 Td (s ) Tj ET Q q 0 0 0 rg BT 349.22 557.10 Td (loyalty ) Tj ET Q q 0 0 0 rg BT 379.37 557.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 407.30 557.10 Td (program ) Tj ET Q q 0 0 0 rg BT 443.55 557.10 Td (will ) Tj ET Q q 0 0 0 rg BT 461.48 557.10 Td (be ) Tj ET Q q 0 0 0 rg BT 473.29 557.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 505.66 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.81 557.10 Td (participate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 545.10 Td (on ) Tj ET Q q 0 0 0 rg BT 66.70 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.61 545.10 Td (same ) Tj ET Q q 0 0 0 rg BT 104.86 545.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 127.55 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 138.03 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 154.06 545.10 Td (loyalty ) Tj ET Q q 0 0 0 rg BT 184.53 545.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 212.78 545.10 Td (program ) Tj ET Q q 0 0 0 rg BT 249.36 545.10 Td (ef) Tj ET Q q 0 0 0 rg BT 256.95 545.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 286.85 545.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 309.54 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.46 545.10 Td (Separation. ) Tj ET Q q 0 0 0 rg BT 372.42 545.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 411.78 545.10 Td (who ) Tj ET Q q 0 0 0 rg BT 431.70 545.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 469.93 545.10 Td (common ) Tj ET Q q 0 0 0 rg BT 507.63 545.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 535.31 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 545.79 545.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 533.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 79.93 533.10 Td (public ) Tj ET Q q 0 0 0 rg BT 107.52 533.10 Td (of) Tj ET Q q 0 0 0 rg BT 115.67 533.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 142.14 533.10 Td (may ) Tj ET Q q 0 0 0 rg BT 161.95 533.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 183.42 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.79 533.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 238.58 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 248.96 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 264.88 533.10 Td (loyalty ) Tj ET Q q 0 0 0 rg BT 295.25 533.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 323.40 533.10 Td (program ) Tj ET Q q 0 0 0 rg BT 359.87 533.10 Td (by ) Tj ET Q q 0 0 0 rg BT 372.47 533.10 Td (registering ) Tj ET Q q 0 0 0 rg BT 417.83 533.10 Td (their ) Tj ET Q q 0 0 0 rg BT 438.75 533.10 Td (common ) Tj ET Q q 0 0 0 rg BT 476.34 533.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 503.92 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 514.30 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 530.22 533.10 Td (loyalty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 521.10 Td (share ) Tj ET Q q 0 0 0 rg BT 78.00 521.10 Td (register ) Tj ET Q q 0 0 0 rg BT 110.89 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.23 521.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 161.69 521.10 Td (them ) Tj ET Q q 0 0 0 rg BT 184.59 521.10 Td (for ) Tj ET Q q 0 0 0 rg BT 199.15 521.10 Td (three ) Tj ET Q q 0 0 0 rg BT 222.04 521.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 248.33 521.10 Td (The ) Tj ET Q q 0 0 0 rg BT 266.78 521.10 Td (loyalty ) Tj ET Q q 0 0 0 rg BT 297.46 521.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 325.92 521.10 Td (program ) Tj ET Q q 0 0 0 rg BT 362.70 521.10 Td (will ) Tj ET Q q 0 0 0 rg BT 381.16 521.10 Td (be ) Tj ET Q q 0 0 0 rg BT 393.50 521.10 Td (ef) Tj ET Q q 0 0 0 rg BT 401.08 521.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 428.41 521.10 Td (by ) Tj ET Q q 0 0 0 rg BT 441.31 521.10 Td (means ) Tj ET Q q 0 0 0 rg BT 469.76 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.00 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.12 521.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 519.02 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.25 521.10 Td (special ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 509.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 82.70 509.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 110.82 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 121.74 509.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 154.87 509.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 187.45 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.92 509.10 Td (common ) Tj ET Q q 0 0 0 rg BT 237.05 509.10 Td (shares. ) Tj ET Q q 0 0 0 rg BT 267.68 509.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 290.80 509.10 Td (special ) Tj ET Q q 0 0 0 rg BT 321.71 509.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 350.40 509.10 Td (share ) Tj ET Q q 0 0 0 rg BT 374.64 509.10 Td (entitles ) Tj ET Q q 0 0 0 rg BT 406.66 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.01 509.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 450.70 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 461.62 509.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 497.51 509.10 Td (one ) Tj ET Q q 0 0 0 rg BT 515.09 509.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 535.44 509.10 Td (at ) Tj ET Q q 0 0 0 rg BT 545.80 509.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 497.10 Td (Company) Tj ET Q q 0 0 0 rg BT 95.67 497.10 Td (s ) Tj ET Q q 0 0 0 rg BT 102.11 497.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 155.19 497.10 Td (meeting. ) Tj ET Q q 0 0 0 rg BT 192.45 497.10 Td (Only ) Tj ET Q q 0 0 0 rg BT 215.00 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 221.99 497.10 Td (minimal ) Tj ET Q q 0 0 0 rg BT 257.87 497.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 295.41 497.10 Td (accrues ) Tj ET Q q 0 0 0 rg BT 327.94 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.26 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.03 497.10 Td (special ) Tj ET Q q 0 0 0 rg BT 383.34 497.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 411.45 497.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 438.99 497.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 477.62 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.95 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 494.94 497.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 530.24 497.10 Td (special ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 485.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 90.95 485.10 Td (reserve, ) Tj ET Q q 0 0 0 rg BT 124.27 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.66 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.83 485.10 Td (special ) Tj ET Q q 0 0 0 rg BT 184.54 485.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 212.05 485.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 238.99 485.10 Td (do ) Tj ET Q q 0 0 0 rg BT 250.95 485.10 Td (not ) Tj ET Q q 0 0 0 rg BT 265.68 485.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 288.17 485.10 Td (any ) Tj ET Q q 0 0 0 rg BT 304.56 485.10 Td (entitlement ) Tj ET Q q 0 0 0 rg BT 351.49 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 361.22 485.10 Td (any ) Tj ET Q q 0 0 0 rg BT 377.61 485.10 Td (other ) Tj ET Q q 0 0 0 rg BT 400.11 485.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 430.93 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.21 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.38 485.10 Td (Group. ) Tj ET Q q 0 0 0 rg BT 485.25 485.10 Td (The ) Tj ET Q q 0 0 0 rg BT 502.75 485.10 Td (special ) Tj ET Q q 0 0 0 rg BT 532.46 485.10 Td (voting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 473.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 80.94 473.10 Td (have ) Tj ET Q q 0 0 0 rg BT 101.76 473.10 Td (only ) Tj ET Q q 0 0 0 rg BT 121.48 473.10 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 166.74 473.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 207.56 473.10 Td (entitlements ) Tj ET Q q 0 0 0 rg BT 258.38 473.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 277.26 473.10 Td (as ) Tj ET Q q 0 0 0 rg BT 287.54 473.10 Td (a ) Tj ET Q q 0 0 0 rg BT 293.92 473.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 320.58 473.10 Td (do ) Tj ET Q q 0 0 0 rg BT 332.53 473.10 Td (not ) Tj ET Q q 0 0 0 rg BT 347.25 473.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 376.41 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.57 473.10 Td (Company) Tj ET Q q 0 0 0 rg BT 432.23 473.10 Td (s ) Tj ET Q q 0 0 0 rg BT 438.07 473.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 473.89 473.10 Td (per ) Tj ET Q q 0 0 0 rg BT 488.60 473.10 Td (share ) Tj ET Q q 0 0 0 rg BT 511.65 473.10 Td (calculation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 449.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 90.00 449.10 Td (Share ) Tj ET Q q 0 0 0 rg BT 116.95 449.10 Td (premium) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 425.10 Td (Retained ) Tj ET Q q 0 0 0 rg BT 128.70 425.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 165.73 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.32 425.10 Td (other ) Tj ET Q q 0 0 0 rg BT 207.02 425.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 242.93 425.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 279.41 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.79 425.10 Td (share ) Tj ET Q q 0 0 0 rg BT 319.04 425.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 358.30 425.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 390.32 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.80 425.10 Td (5,975,434 ) Tj ET Q q 0 0 0 rg BT 449.96 425.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 489.22 425.10 Td (at ) Tj ET Q q 0 0 0 rg BT 499.59 425.10 Td (September ) Tj ET Q q 0 0 0 rg BT 545.51 425.10 Td (30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 413.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 76.47 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 93.38 413.10 Td (December ) Tj ET Q q 0 0 0 rg BT 136.94 413.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 151.91 413.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 176.88 413.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 224.54 413.10 Td (, ) Tj ET Q q 0 0 0 rg BT 229.52 413.10 Td (which ) Tj ET Q q 0 0 0 rg BT 256.43 413.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 290.55 413.10 Td (from ) Tj ET Q q 0 0 0 rg BT 312.47 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.15 413.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 363.50 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.31 413.10 Td (common ) Tj ET Q q 0 0 0 rg BT 411.77 413.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 439.24 413.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 476.15 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.40 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.09 413.10 Td (Restructuring.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 389.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 90.00 389.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 116.39 389.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 180.55 389.10 Td (income/\(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 365.10 Td (The following table presents other comprehensive income/\(loss\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 306.60 291.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 306.60 49.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 306.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 306.60 49.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 306.60 9.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 306.60 49.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 306.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 306.60 49.00 -24.00 re f /GS0 gs 1 1 1 rg /GS0 gs 53.50 282.60 291.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 268.60 291.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 268.60 49.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 268.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 268.60 49.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 268.60 9.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 268.60 49.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 268.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 268.60 49.00 -24.00 re f /GS0 gs 1 1 1 rg /GS0 gs 53.50 244.60 291.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 220.60 291.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 220.60 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 220.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 220.60 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 220.60 9.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 220.60 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 220.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 220.60 49.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 53.50 206.60 291.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 182.60 291.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 182.60 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 182.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 182.60 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 182.60 9.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 182.60 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 182.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 182.60 49.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 53.50 168.60 291.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 144.60 291.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 144.60 49.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 144.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 144.60 49.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 144.60 9.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 144.60 49.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 144.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 144.60 49.00 -24.00 re f /GS0 gs 1 1 1 rg /GS0 gs 53.50 120.60 291.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 106.60 291.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 106.60 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 106.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 106.60 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 106.60 9.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 106.60 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 106.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 106.60 49.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 53.50 92.60 291.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 333.6 m 393.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 333.6 m 397.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 333.6 m 446.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 333.6 m 504.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 333.6 m 508.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 333.6 m 557.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 333.6 m 393.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 319.6 m 393.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 333.6 m 446.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 319.6 m 446.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 333.6 m 504.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 319.6 m 504.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 333.6 m 508.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 319.6 m 508.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 333.6 m 557.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 319.6 m 557.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 319.6 m 393.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 319.6 m 446.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 319.6 m 504.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 319.6 m 508.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 319.6 m 557.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 268.6 m 393.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 268.6 m 446.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 268.6 m 504.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 268.6 m 557.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 268.6 m 446.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 268.6 m 504.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 268.6 m 557.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 182.60000000000002 m 393.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 182.60000000000002 m 446.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 182.60000000000002 m 504.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 182.60000000000002 m 557.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 144.60000000000002 m 393.5 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 144.60000000000002 m 446.5 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 144.60000000000002 m 504.5 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 144.60000000000002 m 557.5 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 120.60000000000002 m 393.5 120.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 107.60000000000002 m 393.5 107.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 105.60000000000002 m 393.5 105.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 120.60000000000002 m 446.5 120.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 107.60000000000002 m 446.5 107.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 105.60000000000002 m 446.5 105.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 120.60000000000002 m 504.5 120.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 107.60000000000002 m 504.5 107.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 105.60000000000002 m 504.5 105.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 120.60000000000002 m 557.5 120.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 107.60000000000002 m 557.5 107.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 105.60000000000002 m 557.5 105.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 92.60000000000002 m 393.5 92.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 79.60000000000002 m 393.5 79.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 77.60000000000002 m 393.5 77.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 92.60000000000002 m 446.5 92.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 79.60000000000002 m 446.5 79.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 77.60000000000002 m 446.5 77.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 92.60000000000002 m 504.5 92.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 79.60000000000002 m 504.5 79.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 77.60000000000002 m 504.5 77.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 92.60000000000002 m 557.5 92.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 79.60000000000002 m 557.5 79.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 77.60000000000002 m 557.5 77.60000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.50 346.00 Td (For the three months) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.95 337.00 Td (ended September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.20 346.00 Td (For the nine months) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.95 337.00 Td (ended September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 361.50 324.05 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 414.50 324.05 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.50 324.05 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.50 324.05 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.85 310.86 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 297.86 Td (Items that will not be reclassified to the consolidated income statement in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 288.86 Td (subsequent periods) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 273.06 Td (Losses on remeasurement of defined benefit plans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 244.25 272.86 Td (...........................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.00 273.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.50 273.06 Td (\(698) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.00 273.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.00 273.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.50 273.06 Td (\(698) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 273.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 258.05 Td (Total items that will not be reclassified to the consolidated income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 249.05 Td (statement in subsequent periods) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 249.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.50 249.05 Td (\(698) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.00 249.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.00 249.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.50 249.05 Td (\(698) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.00 249.05 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 234.06 Td (Items that may be reclassified to the consolidated income statement in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 225.06 Td (subsequent periods: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 134.00 224.86 Td (............................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 211.06 Td (Gains/\(losses\) on cash flow hedging instruments arising during the period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.75 210.86 Td (.....) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.25 211.06 Td (17,060) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.25 211.06 Td (\(90,210) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.00 211.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.75 211.06 Td (\(124,199) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 501.00 211.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.75 211.06 Td (\(109,758) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 211.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 196.06 Td (\(Gains\)/losses on cash flow hedging instruments reclassified to the) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 187.06 Td (consolidated income statement) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 174.50 186.86 Td (..........................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.25 187.06 Td (22,266) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.75 187.06 Td (7,376) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.75 187.06 Td (113,903) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 187.06 Td (\(15,989) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 187.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 173.05 Td (Gains/\(losses\) on cash flow hedging instruments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.25 173.05 Td (39,326) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.25 173.05 Td (\(82,834) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.00 173.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.25 173.05 Td (\(10,296) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.00 173.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 521.75 173.05 Td (\(125,747) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.00 173.05 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 158.06 Td (Exchange differences on translating foreign operations arising during the) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 149.06 Td (period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.75 148.86 Td (.................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.75 149.06 Td (\(4,929) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.00 149.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.25 149.06 Td (23,391) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.75 149.06 Td (8,836) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 149.06 Td (25,640) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 134.05 Td (Total items that may be reclassified to the consolidated income statement) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 125.05 Td (in subsequent periods) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 140.75 124.86 Td (.........................................................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.25 125.05 Td (34,397) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.25 125.05 Td (\(59,443) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.00 125.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.75 125.05 Td (\(1,460) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.00 125.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 521.75 125.05 Td (\(100,107) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.00 125.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 111.05 Td (T) Tj ET Q q 0 0 0 rg BT 61.18 111.05 Td (otal other) Tj ET Q q 0 0 0 rg BT 98.25 111.05 Td ( compr) Tj ET Q q 0 0 0 rg BT 125.33 111.05 Td (ehensive income/\(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.50 110.86 Td (..........................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.25 111.05 Td (34,397) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.25 111.05 Td (\(60,141) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.00 111.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.75 111.05 Td (\(1,460) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.00 111.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 521.75 111.05 Td (\(100,805) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.00 111.05 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 97.06 Td (Related tax impact) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 129.50 96.86 Td (..............................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.25 97.06 Td (\(12,341) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.00 97.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.25 97.06 Td (26,004) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.75 97.06 Td (3,220) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 97.06 Td (39,478) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 83.05 Td (T) Tj ET Q q 0 0 0 rg BT 61.18 83.05 Td (otal other) Tj ET Q q 0 0 0 rg BT 98.25 83.05 Td ( compr) Tj ET Q q 0 0 0 rg BT 125.33 83.05 Td (ehensive income/\(loss\), net of tax ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 82.86 Td (........................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.25 83.05 Td (22,056) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.25 83.05 Td (\(34,137) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.00 83.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.75 83.05 Td (1,760) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.25 83.05 Td (\(61,327) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.00 83.05 Td (\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 97 0 obj <> endobj 98 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.85 760.75 Td (FERRARI N.V) Tj ET Q q 0 0 0 rg BT 336.56 760.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.20 748.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 143.42 748.75 Td (T) Tj ET Q q 0 0 0 rg BT 149.91 748.75 Td (O ) Tj ET Q q 0 0 0 rg BT 160.01 748.75 Td (THE INTERIM CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 356.24 748.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 435.42 748.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 449.41 748.75 Td (A) Tj ET Q q 0 0 0 rg BT 455.89 748.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 736.75 Td (\(Unaudited\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 713.10 Td (Losses ) Tj ET Q q 0 0 0 rg BT 119.45 713.10 Td (on ) Tj ET Q q 0 0 0 rg BT 131.67 713.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 151.66 713.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 172.22 713.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 206.66 713.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 255.55 713.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 284.99 713.10 Td (during ) Tj ET Q q 0 0 0 rg BT 313.32 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.76 713.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 347.20 713.10 Td (months ) Tj ET Q q 0 0 0 rg BT 378.87 713.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 404.98 713.10 Td (September ) Tj ET Q q 0 0 0 rg BT 449.96 713.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 464.69 713.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 486.91 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 503.57 713.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 525.80 713.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 550.22 713.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 701.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 80.39 701.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 126.75 701.10 Td (on ) Tj ET Q q 0 0 0 rg BT 139.25 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.97 701.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 170.35 701.10 Td (value ) Tj ET Q q 0 0 0 rg BT 194.50 701.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 250.31 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.14 701.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 303.62 701.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 341.10 701.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 390.27 701.10 Td (used ) Tj ET Q q 0 0 0 rg BT 411.10 701.10 Td (for ) Tj ET Q q 0 0 0 rg BT 425.26 701.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 445.53 701.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 466.36 701.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 501.08 701.10 Td (purposes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 677.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.05 677.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 122.76 677.10 Td (ef) Tj ET Q q 0 0 0 rg BT 130.35 677.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 147.84 677.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 180.88 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.16 677.10 Td (other ) Tj ET Q q 0 0 0 rg BT 214.20 677.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 277.24 677.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 295.30 677.10 Td (are ) Tj ET Q q 0 0 0 rg BT 310.00 677.10 Td (as ) Tj ET Q q 0 0 0 rg BT 320.83 677.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 576.60 184.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 576.60 50.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 576.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 576.60 50.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 576.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 576.60 50.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 576.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 576.60 50.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 576.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 576.60 50.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 576.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 576.60 50.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 538.60 184.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 538.60 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 538.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 538.60 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 538.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 538.60 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 538.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 538.60 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 538.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 538.60 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 538.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 538.60 50.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 633.6 m 287.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 633.6 m 291.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 633.6 m 341.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 633.6 m 345.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 633.6 m 395.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 633.6 m 399.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 633.6 m 449.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 633.6 m 453.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 633.6 m 503.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 633.6 m 507.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 633.6 m 557.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 633.6 m 287.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 619.6 m 287.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 633.6 m 291.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 619.6 m 291.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 633.6 m 341.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 619.6 m 341.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 633.6 m 345.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 619.6 m 345.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 633.6 m 395.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 619.6 m 395.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 633.6 m 449.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 619.6 m 449.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 633.6 m 453.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 619.6 m 453.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 633.6 m 503.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 619.6 m 503.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 633.6 m 507.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 619.6 m 507.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 633.6 m 557.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 619.6 m 557.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 589.6 m 287.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 589.6 m 341.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 589.6 m 395.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 619.6 m 449.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 589.6 m 449.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 619.6 m 453.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 619.6 m 503.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 589.6 m 503.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 619.6 m 507.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 619.6 m 557.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 589.6 m 557.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 513.6 m 287.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 500.6 m 287.5 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 498.6 m 287.5 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 513.6 m 341.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 500.6 m 341.5 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 498.6 m 341.5 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 513.6 m 395.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 500.6 m 395.5 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 498.6 m 395.5 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 513.6 m 449.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 500.6 m 449.5 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 498.6 m 449.5 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 513.6 m 503.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 500.6 m 503.5 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 498.6 m 503.5 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 513.6 m 557.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 500.6 m 557.5 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 498.6 m 557.5 498.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.35 638.05 Td (For the three months ended September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 307.00 624.05 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.00 624.05 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.80 603.05 Td (Pre-tax) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.20 594.05 Td (balance) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 308.90 611.00 Td (Tax) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.00 602.00 Td (income/) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.00 593.00 Td (\(expense\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.25 603.05 Td (Net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 355.20 594.05 Td (balance) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.80 603.05 Td (Pre-tax) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.20 594.05 Td (balance) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.90 611.00 Td (Tax) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.00 602.00 Td (income/) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 593.00 Td (\(expense\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.25 603.05 Td (Net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.20 594.05 Td (balance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.85 580.85 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 566.06 Td (Losses on remeasurement of defined benefit ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 557.06 Td (plans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.00 557.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.00 557.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.00 557.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.50 557.06 Td (\(698) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 557.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.00 557.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.50 557.06 Td (\(698) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 557.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 543.06 Td (Gains/\(losses\) on cash flow hedging instruments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.25 543.06 Td (39,326) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.25 543.06 Td (\(12,341) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.00 543.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.25 543.06 Td (26,985) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.25 543.06 Td (\(82,834) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 543.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.25 543.06 Td (26,004) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 543.06 Td (\(56,830) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 543.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 527.06 Td (Exchange \(losses\)/gains on translating foreign ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 518.06 Td (operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 260.75 518.06 Td (\(4,929) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 284.00 518.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.00 518.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.75 518.06 Td (\(4,929) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.00 518.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.25 518.06 Td (23,391) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.00 518.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 518.06 Td (23,391) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 504.05 Td (Total other comprehensive income/\(loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 259.25 504.05 Td (34,397) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 310.25 504.05 Td (\(12,341) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.00 504.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 367.25 504.05 Td (22,056) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.25 504.05 Td (\(60,141) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.00 504.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.25 504.05 Td (26,004) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.25 504.05 Td (\(34,137) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.00 504.05 Td (\)) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 406.60 184.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 406.60 50.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 406.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 406.60 50.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 406.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 406.60 50.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 406.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 406.60 50.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 406.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 406.60 50.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 406.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 406.60 50.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 370.60 184.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 370.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 370.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 370.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 370.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 370.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 370.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 370.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 370.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 370.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 370.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 370.60 50.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 53.50 356.60 184.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 463.6 m 287.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 463.6 m 291.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 463.6 m 341.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 463.6 m 345.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 463.6 m 395.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 463.6 m 399.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 463.6 m 449.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 463.6 m 453.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 463.6 m 503.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 463.6 m 507.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 463.6 m 557.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 463.6 m 287.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 449.6 m 287.5 449.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 463.6 m 291.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 449.6 m 291.5 449.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 463.6 m 341.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 449.6 m 341.5 449.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 463.6 m 345.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 449.6 m 345.5 449.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 463.6 m 395.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 449.6 m 395.5 449.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 463.6 m 449.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 449.6 m 449.5 449.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 463.6 m 453.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 449.6 m 453.5 449.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 463.6 m 503.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 449.6 m 503.5 449.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 463.6 m 507.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 449.6 m 507.5 449.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 463.6 m 557.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 449.6 m 557.5 449.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 419.6 m 287.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 419.6 m 341.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 419.6 m 395.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 449.6 m 449.5 449.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 419.6 m 449.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 449.6 m 453.5 449.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 449.6 m 503.5 449.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 419.6 m 503.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 449.6 m 507.5 449.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 449.6 m 557.5 449.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 419.6 m 557.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 356.6 m 287.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 343.6 m 287.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 341.6 m 287.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 356.6 m 341.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 343.6 m 341.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 341.6 m 341.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 356.6 m 395.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 343.6 m 395.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 341.6 m 395.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 356.6 m 449.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 343.6 m 449.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 341.6 m 449.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 356.6 m 503.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 343.6 m 503.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 341.6 m 503.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 356.6 m 557.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 343.6 m 557.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 341.6 m 557.5 341.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 319.00 468.05 Td (For the nine months ended September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 307.00 454.05 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.00 454.05 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.80 433.05 Td (Pre-tax) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.20 424.05 Td (balance) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 308.90 441.00 Td (Tax) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.00 432.00 Td (income/) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.00 423.00 Td (\(expense\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.25 433.05 Td (Net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 355.20 424.05 Td (balance) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.80 433.05 Td (Pre-tax) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.20 424.05 Td (balance) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.90 441.00 Td (Tax) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.00 432.00 Td (income/) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 423.00 Td (\(expense\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.25 433.05 Td (Net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.20 424.05 Td (balance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.85 410.85 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 397.86 Td (Losses on remeasurement of defined benefit ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 388.86 Td (plans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.00 389.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.00 389.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.00 389.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.50 389.06 Td (\(698) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 389.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.00 389.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.50 389.06 Td (\(698) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 389.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 375.06 Td (\(Losses\)/gains on cash flow hedging instruments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.25 375.06 Td (\(10,296) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 284.00 375.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.75 375.06 Td (3,220) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.75 375.06 Td (\(7,076) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.00 375.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.75 375.06 Td (\(125,747) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 375.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.25 375.06 Td (39,478) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 375.06 Td (\(86,269) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 375.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 361.06 Td (Exchange gains on translating foreign operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 263.75 361.06 Td (8,836) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.00 361.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.75 361.06 Td (8,836) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.25 361.06 Td (25,640) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.00 361.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 361.06 Td (25,640) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 347.05 Td (T) Tj ET Q q 0 0 0 rg BT 61.18 347.05 Td (otal other) Tj ET Q q 0 0 0 rg BT 98.25 347.05 Td ( compr) Tj ET Q q 0 0 0 rg BT 125.33 347.05 Td (ehensive \(loss\)/income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.50 346.86 Td (..........) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.75 347.05 Td (\(1,460) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 284.00 347.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.75 347.05 Td (3,220) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.75 347.05 Td (1,760) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 413.75 347.05 Td (\(100,805) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.00 347.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.25 347.05 Td (39,478) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.25 347.05 Td (\(61,327) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.00 347.05 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 319.10 Td (T) Tj ET Q q 0 0 0 rg BT 59.74 319.10 Td (ransaction with non-controlling interest for the nine months ended September 30, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 295.10 Td (T) Tj ET Q q 0 0 0 rg BT 95.76 295.10 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 139.20 295.10 Td (with ) Tj ET Q q 0 0 0 rg BT 159.32 295.10 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 223.88 295.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 255.66 295.10 Td (for ) Tj ET Q q 0 0 0 rg BT 269.67 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.23 295.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 303.79 295.10 Td (months ) Tj ET Q q 0 0 0 rg BT 335.59 295.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 361.81 295.10 Td (September ) Tj ET Q q 0 0 0 rg BT 406.92 295.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 421.77 295.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 444.11 295.10 Td (relates ) Tj ET Q q 0 0 0 rg BT 472.55 295.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.68 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.24 295.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 535.12 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 545.80 295.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 283.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 97.00 283.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 117.80 283.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.59 283.10 Td (NCI ) Tj ET Q q 0 0 0 rg BT 148.27 283.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.07 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.75 283.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 217.32 283.10 Td (FFS ) Tj ET Q q 0 0 0 rg BT 236.46 283.10 Td (from ) Tj ET Q q 0 0 0 rg BT 257.82 283.10 Td (Aldasa ) Tj ET Q q 0 0 0 rg BT 288.05 283.10 Td (GmbH. ) Tj ET Q q 0 0 0 rg BT 320.06 283.10 Td (The ) Tj ET Q q 0 0 0 rg BT 338.07 283.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 376.07 283.10 Td (price ) Tj ET Q q 0 0 0 rg BT 398.51 283.10 Td (for ) Tj ET Q q 0 0 0 rg BT 412.64 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.32 283.10 Td (FFS ) Tj ET Q q 0 0 0 rg BT 446.46 283.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 473.92 283.10 Td (was ) Tj ET Q q 0 0 0 rg BT 491.93 283.10 Td (8,500 ) Tj ET Q q 0 0 0 rg BT 521.89 283.10 Td (thousand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 271.10 Td (\(based ) Tj ET Q q 0 0 0 rg BT 82.39 271.10 Td (on ) Tj ET Q q 0 0 0 rg BT 94.68 271.10 Td (an ) Tj ET Q q 0 0 0 rg BT 106.40 271.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 157.57 271.10 Td (valuation\) ) Tj ET Q q 0 0 0 rg BT 200.40 271.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.12 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.63 271.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 267.23 271.10 Td (value ) Tj ET Q q 0 0 0 rg BT 291.18 271.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.80 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.30 271.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 336.92 271.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 368.65 271.10 Td (at ) Tj ET Q q 0 0 0 rg BT 378.15 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.66 271.10 Td (time ) Tj ET Q q 0 0 0 rg BT 412.72 271.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.34 271.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 461.17 271.10 Td (was ) Tj ET Q q 0 0 0 rg BT 479.01 271.10 Td (5,898 ) Tj ET Q q 0 0 0 rg BT 508.79 271.10 Td (thousand. ) Tj ET Q q 0 0 0 rg BT 549.69 271.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 259.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 101.46 259.10 Td (with ) Tj ET Q q 0 0 0 rg BT 121.74 259.10 Td (IAS ) Tj ET Q q 0 0 0 rg BT 140.35 259.10 Td (27, ) Tj ET Q q 0 0 0 rg BT 155.35 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.07 259.10 Td (dif) Tj ET Q q 0 0 0 rg BT 181.00 259.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 212.91 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.74 259.10 Td (2,602 ) Tj ET Q q 0 0 0 rg BT 253.74 259.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 292.35 259.10 Td (was ) Tj ET Q q 0 0 0 rg BT 310.40 259.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 347.88 259.10 Td (as ) Tj ET Q q 0 0 0 rg BT 358.71 259.10 Td (a ) Tj ET Q q 0 0 0 rg BT 365.65 259.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 405.91 259.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.19 259.10 Td (equity) Tj ET Q q 0 0 0 rg BT 440.53 259.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 235.10 Td (T) Tj ET Q q 0 0 0 rg BT 59.74 235.10 Td (ransaction with non-controlling interest for the nine months ended September 30, 2014) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 152.60 314.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 152.60 93.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 152.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 152.60 93.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 122.60 314.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 122.60 93.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 122.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 122.60 93.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 92.60 314.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 92.60 93.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 92.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 92.60 93.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 197.60000000000002 m 460.5 197.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 197.60000000000002 m 464.5 197.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 197.60000000000002 m 557.5 197.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 182.60000000000002 m 460.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 182.60000000000002 m 464.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 182.60000000000002 m 557.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 167.60000000000002 m 460.5 167.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 167.60000000000002 m 557.5 167.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 92.60000000000002 m 460.5 92.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 78.60000000000002 m 460.5 78.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 76.60000000000002 m 460.5 76.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 92.60000000000002 m 557.5 92.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 78.60000000000002 m 557.5 78.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 76.60000000000002 m 557.5 76.60000000000002 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 202.06 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.00 202.05 Td (For the nine months ended September 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 187.06 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 453.00 187.05 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 172.06 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.80 172.05 Td (Group) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.00 172.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.20 172.05 Td (NCI) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 157.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.35 157.06 Td (\( thousand\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 142.05 Td (T) Tj ET Q q 0 0 0 rg BT 61.33 142.05 Td (ransaction with non-contr) Tj ET Q q 0 0 0 rg BT 161.17 142.05 Td (olling inter) Tj ET Q q 0 0 0 rg BT 203.26 142.05 Td (est) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.00 142.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 142.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.00 142.06 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 127.05 Td (Ferrari International Cars T) Tj ET Q q 0 0 0 rg BT 159.26 127.05 Td (rading \(Shanghai\) Co.L.t.d. \(FICTS\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.00 127.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 127.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 127.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 112.06 Td ( Capital reduction and change in ownership percentage of FCITS from 59% to 80%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.75 112.06 Td (3,832) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 112.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 112.06 Td (\(5,050) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 112.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 97.06 Td ( Expiration and renegotiation of FCITS constitution and change in operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.75 97.06 Td (\(5,095) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 97.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 97.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 97.06 Td (59,074) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 82.05 Td (T) Tj ET Q q 0 0 0 rg BT 61.18 82.05 Td (otal transaction with non-contr) Tj ET Q q 0 0 0 rg BT 180.76 82.05 Td (olling inter) Tj ET Q q 0 0 0 rg BT 222.85 82.05 Td (est) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 433.75 82.05 Td (\(1,263) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.00 82.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.00 82.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.25 82.05 Td (54,024) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 99 0 obj <> endobj 100 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.85 760.75 Td (FERRARI N.V) Tj ET Q q 0 0 0 rg BT 336.56 760.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.20 748.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 143.42 748.75 Td (T) Tj ET Q q 0 0 0 rg BT 149.91 748.75 Td (O ) Tj ET Q q 0 0 0 rg BT 160.01 748.75 Td (THE INTERIM CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 356.24 748.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 435.42 748.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 449.41 748.75 Td (A) Tj ET Q q 0 0 0 rg BT 455.89 748.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 736.75 Td (\(Unaudited\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-46) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 90.00 713.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 122.43 713.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 164.30 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 182.29 713.25 Td (change ) Tj ET Q q 0 0 0 rg BT 214.71 713.25 Td (in ) Tj ET Q q 0 0 0 rg BT 225.48 713.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 270.69 713.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 318.10 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 328.86 713.25 Td (FICTS ) Tj ET Q q 0 0 0 rg BT 360.18 713.25 Td (from ) Tj ET Q q 0 0 0 rg BT 382.61 713.25 Td (59 ) Tj ET Q q 0 0 0 rg BT 395.03 713.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 428.00 713.25 Td (to ) Tj ET Q q 0 0 0 rg BT 438.21 713.25 Td (80 ) Tj ET Q q 0 0 0 rg BT 450.63 713.25 Td (percent ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 483.60 713.25 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.36 713.25 Td (In ) Tj ET Q q 0 0 0 rg BT 500.11 713.25 Td (June ) Tj ET Q q 0 0 0 rg BT 520.86 713.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 545.79 713.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 701.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 81.35 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 92.59 701.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 132.71 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 143.95 701.25 Td (FICTS ) Tj ET Q q 0 0 0 rg BT 174.09 701.25 Td (agreed ) Tj ET Q q 0 0 0 rg BT 203.64 701.25 Td (to ) Tj ET Q q 0 0 0 rg BT 214.33 701.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 249.45 701.25 Td (a ) Tj ET Q q 0 0 0 rg BT 256.80 701.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 286.36 701.25 Td (reduction, ) Tj ET Q q 0 0 0 rg BT 329.53 701.25 Td (returning ) Tj ET Q q 0 0 0 rg BT 369.10 701.25 Td (all ) Tj ET Q q 0 0 0 rg BT 382.00 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 393.24 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.37 701.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 437.93 701.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 484.72 701.25 Td (to ) Tj ET Q q 0 0 0 rg BT 495.41 701.25 Td (two ) Tj ET Q q 0 0 0 rg BT 513.32 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 524.56 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 539.69 701.25 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 689.25 Td (controlling ) Tj ET Q q 0 0 0 rg BT 99.77 689.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 134.99 689.25 Td (in ) Tj ET Q q 0 0 0 rg BT 144.66 689.25 Td (FICTS, ) Tj ET Q q 0 0 0 rg BT 176.28 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 192.61 689.25 Td (reducing ) Tj ET Q q 0 0 0 rg BT 229.49 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 243.60 689.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 274.92 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 285.14 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 299.25 689.25 Td (third ) Tj ET Q q 0 0 0 rg BT 320.03 689.25 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 384.13 689.25 Td (interest. ) Tj ET Q q 0 0 0 rg BT 417.54 689.25 Td (As ) Tj ET Q q 0 0 0 rg BT 430.54 689.25 Td (a ) Tj ET Q q 0 0 0 rg BT 436.87 689.25 Td (result ) Tj ET Q q 0 0 0 rg BT 460.98 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 471.20 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.31 689.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 513.85 689.25 Td (reductions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 677.25 Td (Ferrari) Tj ET Q q 0 0 0 rg BT 83.99 677.25 Td (s ) Tj ET Q q 0 0 0 rg BT 89.91 677.25 Td (proportional ) Tj ET Q q 0 0 0 rg BT 141.38 677.25 Td (shareholding ) Tj ET Q q 0 0 0 rg BT 195.07 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 204.88 677.25 Td (FICTS ) Tj ET Q q 0 0 0 rg BT 234.14 677.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 273.93 677.25 Td (from ) Tj ET Q q 0 0 0 rg BT 295.40 677.25 Td (59 ) Tj ET Q q 0 0 0 rg BT 307.44 677.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 338.90 677.25 Td (to ) Tj ET Q q 0 0 0 rg BT 348.71 677.25 Td (80 ) Tj ET Q q 0 0 0 rg BT 360.74 677.25 Td (percent. ) Tj ET Q q 0 0 0 rg BT 394.55 677.25 Td (The ) Tj ET Q q 0 0 0 rg BT 412.13 677.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 447.48 677.25 Td (value ) Tj ET Q q 0 0 0 rg BT 471.17 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 481.53 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 495.78 677.25 Td (non-controlling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 665.25 Td (interest, ) Tj ET Q q 0 0 0 rg BT 88.43 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 105.37 665.25 Td (Ferrari) Tj ET Q q 0 0 0 rg BT 135.36 665.25 Td (s ) Tj ET Q q 0 0 0 rg BT 141.75 665.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 173.68 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 183.96 665.25 Td (FICTS ) Tj ET Q q 0 0 0 rg BT 213.69 665.25 Td (was ) Tj ET Q q 0 0 0 rg BT 231.74 665.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 267.57 665.25 Td (to ) Tj ET Q q 0 0 0 rg BT 277.85 665.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 305.88 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 320.60 665.25 Td (change ) Tj ET Q q 0 0 0 rg BT 351.41 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 361.69 665.25 Td (shareholding ) Tj ET Q q 0 0 0 rg BT 415.85 665.25 Td (structure.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 90.00 641.25 Td (Expiration ) Tj ET Q q 0 0 0 rg BT 137.68 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 156.46 641.25 Td (renegotiation ) Tj ET Q q 0 0 0 rg BT 214.68 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 226.23 641.25 Td (FICTS ) Tj ET Q q 0 0 0 rg BT 258.34 641.25 Td (constitution ) Tj ET Q q 0 0 0 rg BT 310.47 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 329.25 641.25 Td (change ) Tj ET Q q 0 0 0 rg BT 362.47 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 374.02 641.25 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.58 641.25 Td (- ) Tj ET Q q 0 0 0 rg BT 427.13 641.25 Td (In ) Tj ET Q q 0 0 0 rg BT 438.68 641.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 464.39 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 479.83 641.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 524.69 641.25 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 629.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 84.06 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 101.35 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.42 629.25 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 181.48 629.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 217.66 629.25 Td (expired. ) Tj ET Q q 0 0 0 rg BT 252.36 629.25 Td (Also ) Tj ET Q q 0 0 0 rg BT 274.11 629.25 Td (in ) Tj ET Q q 0 0 0 rg BT 284.74 629.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 310.09 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.16 629.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 369.65 629.25 Td (between ) Tj ET Q q 0 0 0 rg BT 405.82 629.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 435.88 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 453.17 629.25 Td (Maserati, ) Tj ET Q q 0 0 0 rg BT 493.50 629.25 Td (which ) Tj ET Q q 0 0 0 rg BT 520.79 629.25 Td (governed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 617.25 Td (how ) Tj ET Q q 0 0 0 rg BT 72.75 617.25 Td (FICTS ) Tj ET Q q 0 0 0 rg BT 101.50 617.25 Td (imported ) Tj ET Q q 0 0 0 rg BT 139.13 617.25 Td (and ) Tj ET Q q 0 0 0 rg BT 155.10 617.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 173.29 617.25 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 209.81 617.25 Td (cars ) Tj ET Q q 0 0 0 rg BT 227.43 617.25 Td (in ) Tj ET Q q 0 0 0 rg BT 236.73 617.25 Td (China, ) Tj ET Q q 0 0 0 rg BT 264.65 617.25 Td (and ) Tj ET Q q 0 0 0 rg BT 280.61 617.25 Td (how ) Tj ET Q q 0 0 0 rg BT 299.36 617.25 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 335.87 617.25 Td (was ) Tj ET Q q 0 0 0 rg BT 352.95 617.25 Td (compensated ) Tj ET Q q 0 0 0 rg BT 406.68 617.25 Td (for ) Tj ET Q q 0 0 0 rg BT 419.86 617.25 Td (such ) Tj ET Q q 0 0 0 rg BT 439.72 617.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 489.01 617.25 Td (expired. ) Tj ET Q q 0 0 0 rg BT 523.02 617.25 Td (Maserati ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 605.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 106.67 605.25 Td (a ) Tj ET Q q 0 0 0 rg BT 113.25 605.25 Td (new ) Tj ET Q q 0 0 0 rg BT 132.05 605.25 Td (Chinese ) Tj ET Q q 0 0 0 rg BT 166.41 605.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 191.32 605.25 Td (to ) Tj ET Q q 0 0 0 rg BT 201.24 605.25 Td (distribute ) Tj ET Q q 0 0 0 rg BT 241.15 605.25 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 278.28 605.25 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 313.18 605.25 Td (in ) Tj ET Q q 0 0 0 rg BT 323.10 605.25 Td (China. ) Tj ET Q q 0 0 0 rg BT 351.16 605.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 400.49 605.25 Td (, ) Tj ET Q q 0 0 0 rg BT 405.13 605.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 434.48 605.25 Td (no ) Tj ET Q q 0 0 0 rg BT 446.62 605.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 474.31 605.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 516.98 605.25 Td (for ) Tj ET Q q 0 0 0 rg BT 530.78 605.25 Td (FICTS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 593.25 Td (as ) Tj ET Q q 0 0 0 rg BT 65.81 593.25 Td (a ) Tj ET Q q 0 0 0 rg BT 73.73 593.25 Td (Joint ) Tj ET Q q 0 0 0 rg BT 96.67 593.25 Td (Operation, ) Tj ET Q q 0 0 0 rg BT 142.63 593.25 Td (but ) Tj ET Q q 0 0 0 rg BT 158.90 593.25 Td (rather ) Tj ET Q q 0 0 0 rg BT 185.69 593.25 Td (as ) Tj ET Q q 0 0 0 rg BT 197.51 593.25 Td (a ) Tj ET Q q 0 0 0 rg BT 205.43 593.25 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 245.89 593.25 Td (. ) Tj ET Q q 0 0 0 rg BT 251.87 593.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 275.35 593.25 Td (change ) Tj ET Q q 0 0 0 rg BT 307.15 593.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 342.29 593.25 Td (in ) Tj ET Q q 0 0 0 rg BT 353.55 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.25 593.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 418.27 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 430.09 593.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 473.56 593.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 500.37 593.25 Td (and ) Tj ET Q q 0 0 0 rg BT 518.30 593.25 Td (liabilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 581.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 98.95 581.25 Td (excluded ) Tj ET Q q 0 0 0 rg BT 137.77 581.25 Td (from ) Tj ET Q q 0 0 0 rg BT 159.94 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.89 581.25 Td (scope ) Tj ET Q q 0 0 0 rg BT 200.39 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 211.46 581.25 Td (consolidation, ) Tj ET Q q 0 0 0 rg BT 270.57 581.25 Td (and ) Tj ET Q q 0 0 0 rg BT 287.74 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 302.69 581.25 Td (derecognition ) Tj ET Q q 0 0 0 rg BT 360.40 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 371.46 581.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 401.40 581.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 429.96 581.25 Td (which ) Tj ET Q q 0 0 0 rg BT 457.13 581.25 Td (are ) Tj ET Q q 0 0 0 rg BT 472.07 581.25 Td (now ) Tj ET Q q 0 0 0 rg BT 492.02 581.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 535.29 581.25 Td (for ) Tj ET Q q 0 0 0 rg BT 549.68 581.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 569.25 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 111.48 569.25 Td (transactions.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 90.00 545.25 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 133.61 545.25 Td (declared) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 533.25 Td (FICTS ) Tj ET Q q 0 0 0 rg BT 119.87 533.25 Td (shareholders) Tj ET Q q 0 0 0 rg BT 172.99 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 175.63 533.25 Td (declared ) Tj ET Q q 0 0 0 rg BT 212.13 533.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 253.65 533.25 Td (to ) Tj ET Q q 0 0 0 rg BT 264.07 533.25 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 328.92 533.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 364.88 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 375.84 533.25 Td (72,704 ) Tj ET Q q 0 0 0 rg BT 410.98 533.25 Td (thousand, ) Tj ET Q q 0 0 0 rg BT 452.23 533.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 504.29 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.14 533.25 Td (aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 521.25 Td (distributable ) Tj ET Q q 0 0 0 rg BT 106.72 521.25 Td (profits ) Tj ET Q q 0 0 0 rg BT 135.56 521.25 Td (at ) Tj ET Q q 0 0 0 rg BT 145.50 521.25 Td (September ) Tj ET Q q 0 0 0 rg BT 190.99 521.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 206.22 521.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 231.45 521.25 Td (No ) Tj ET Q q 0 0 0 rg BT 246.40 521.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 288.02 521.25 Td (were ) Tj ET Q q 0 0 0 rg BT 310.17 521.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 330.12 521.25 Td (to ) Tj ET Q q 0 0 0 rg BT 340.63 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 355.57 521.25 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 420.51 521.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 456.56 521.25 Td (in ) Tj ET Q q 0 0 0 rg BT 467.07 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.02 521.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 501.96 521.25 Td (months ) Tj ET Q q 0 0 0 rg BT 534.14 521.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 509.25 Td (September ) Tj ET Q q 0 0 0 rg BT 99.26 509.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 114.26 509.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 139.08 509.25 Td (The ) Tj ET Q q 0 0 0 rg BT 157.13 509.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 198.52 509.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 232.11 509.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 265.14 509.25 Td (at ) Tj ET Q q 0 0 0 rg BT 274.86 509.25 Td (September ) Tj ET Q q 0 0 0 rg BT 320.12 509.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 335.12 509.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 360.12 509.25 Td (has ) Tj ET Q q 0 0 0 rg BT 375.95 509.25 Td (been ) Tj ET Q q 0 0 0 rg BT 397.33 509.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 434.81 509.25 Td (as ) Tj ET Q q 0 0 0 rg BT 445.64 509.25 Td (other ) Tj ET Q q 0 0 0 rg BT 468.68 509.25 Td (liabilities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 485.25 Td (20. PROVISIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 461.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 461.25 Td (The Group) Tj ET Q q 0 0 0 rg BT 136.38 461.25 Td (s provisions are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 402.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 402.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 402.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 402.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 374.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 374.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 374.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 374.75 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 415.75 m 474.5 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 415.75 m 558.5 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 415.75 m 474.5 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 415.75 m 558.5 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 360.75 m 474.5 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 347.75 m 474.5 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 345.75 m 474.5 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 360.75 m 558.5 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 347.75 m 558.5 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 345.75 m 558.5 345.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 402.70 429.20 Td (At September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 420.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.95 429.20 Td (At December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 511.00 420.20 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.35 407.00 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 393.21 Td (Warranty provision) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.25 393.21 Td (77,183) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 393.21 Td (68,512) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 379.21 Td (Legal proceedings and disputes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.25 379.21 Td (48,007) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 379.21 Td (44,544) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 365.21 Td (Other risks) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.25 365.21 Td (16,480) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 365.21 Td (21,718) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 351.20 Td (Total provisions) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.75 351.20 Td (141,670) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.75 351.20 Td (134,774) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 323.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 323.25 Td (The provision for other risks are related to disputes and matters which are not subject to legal proceedings, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 311.25 Td (contract related disputes with suppliers, employees and other parties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 287.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 287.25 Td (Movements ) Tj ET Q q 0 0 0 rg BT 139.72 287.25 Td (in ) Tj ET Q q 0 0 0 rg BT 150.00 287.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 194.17 287.25 Td (are ) Tj ET Q q 0 0 0 rg BT 208.87 287.25 Td (as ) Tj ET Q q 0 0 0 rg BT 219.70 287.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 223.75 124.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.50 223.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 223.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 223.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 223.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 223.75 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 223.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 223.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 223.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 223.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 195.75 124.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.50 195.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 195.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 195.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 195.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 195.75 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 195.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 195.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 195.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 195.75 81.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 236.75 m 257.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 236.75 m 328.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 236.75 m 405.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 236.75 m 472.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 236.75 m 557.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 181.75 m 257.5 181.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 168.75 m 257.5 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 166.75 m 257.5 166.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 181.75 m 328.5 181.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 168.75 m 328.5 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 166.75 m 328.5 166.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 181.75 m 405.5 181.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 168.75 m 405.5 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 166.75 m 405.5 166.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 181.75 m 472.5 181.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 168.75 m 472.5 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 166.75 m 472.5 166.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 181.75 m 557.5 181.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 168.75 m 557.5 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 166.75 m 557.5 166.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 186.95 250.20 Td (At December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 210.00 241.20 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.95 250.20 Td (Additional) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 274.80 241.20 Td (provisions) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 348.25 241.20 Td (Utilization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.30 250.20 Td (Translation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.55 241.20 Td (differences) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.20 250.20 Td (At September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 509.50 241.20 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.85 228.00 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 214.21 Td (Warranty provision) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 229.25 214.21 Td (68,512) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.25 214.21 Td (21,424) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.25 214.21 Td (\(13,158) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.00 214.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.50 214.21 Td (405) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 214.21 Td (77,183) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 200.21 Td (Legal proceedings and disputes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 229.25 200.21 Td (44,544) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.75 200.21 Td (8,034) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.75 200.21 Td (\(4,571) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.00 200.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.00 200.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 200.21 Td (48,007) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 186.21 Td (Other risks) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 229.25 186.21 Td (21,718) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.75 186.21 Td (4,554) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.25 186.21 Td (\(10,268) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.00 186.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.50 186.21 Td (476) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 186.21 Td (16,480) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 172.20 Td (Total provisions) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 224.75 172.20 Td (134,774) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 300.25 172.20 Td (34,012) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 374.25 172.20 Td (\(27,997) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 402.00 172.20 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.50 172.20 Td (881) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 172.20 Td (141,670) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 101 0 obj <> endobj 102 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.85 760.75 Td (FERRARI N.V) Tj ET Q q 0 0 0 rg BT 336.56 760.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.20 748.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 143.42 748.75 Td (T) Tj ET Q q 0 0 0 rg BT 149.91 748.75 Td (O ) Tj ET Q q 0 0 0 rg BT 160.01 748.75 Td (THE INTERIM CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 356.24 748.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 435.42 748.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 449.41 748.75 Td (A) Tj ET Q q 0 0 0 rg BT 455.89 748.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 736.75 Td (\(Unaudited\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-47) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 713.25 Td (21. DEBT) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 654.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 654.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 654.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 654.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 626.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 626.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 626.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 626.75 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 667.75 m 474.5 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 667.75 m 558.5 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 612.75 m 474.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 599.75 m 474.5 599.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 597.75 m 474.5 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 612.75 m 558.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 599.75 m 558.5 599.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 597.75 m 558.5 597.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 402.70 681.20 Td (At September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 672.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.95 681.20 Td (At December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 511.00 672.20 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.85 659.00 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 645.21 Td (Financial liabilities with FCA) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.75 645.21 Td (389,453) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 645.21 Td (378,542) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 631.21 Td (Borrowings from banks) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.75 631.21 Td (176,621) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 631.21 Td (109,105) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 617.21 Td (Other debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.25 617.21 Td (13,080) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 617.21 Td (22,573) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 603.20 Td (Total debt) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.75 603.20 Td (579,154) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.75 603.20 Td (510,220) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 575.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 575.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 126.94 575.25 Td (in ) Tj ET Q q 0 0 0 rg BT 137.22 575.25 Td (total ) Tj ET Q q 0 0 0 rg BT 157.49 575.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 177.21 575.25 Td (are ) Tj ET Q q 0 0 0 rg BT 191.91 575.25 Td (as ) Tj ET Q q 0 0 0 rg BT 202.74 575.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 64.00 525.75 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 525.75 117.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 64.00 497.75 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 497.75 117.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 64.00 469.75 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 469.75 117.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 539.75 m 547 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 525.75 m 547 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 455.75 m 547 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 441.75 m 547 441.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.50 544.15 Td (\( thousands\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.50 530.20 Td (Balance at December 31, 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.25 530.20 Td (510,220) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.50 516.21 Td (Proceeds from bank borrowings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.75 516.21 Td (84,645) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.50 502.21 Td (Repayment of bank borrowings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.75 502.21 Td (\(19,695) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.50 502.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.50 488.21 Td (Net change in financial liabilities with FCA Group) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.75 488.21 Td (\(31,065) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.50 488.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.50 474.21 Td (Net change in other debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.25 474.21 Td (\(9,496) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.50 474.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.50 460.21 Td (T) Tj ET Q q 0 0 0 rg BT 71.68 460.21 Td (ranslation dif) Tj ET Q q 0 0 0 rg BT 119.26 460.21 Td (ferences and other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.75 460.21 Td (44,545) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.50 446.20 Td (Balance at September) Tj ET Q q 0 0 0 rg BT 150.32 446.20 Td ( 30, 2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.25 446.20 Td (579,154) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 418.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 418.25 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 128.43 418.25 Td (from ) Tj ET Q q 0 0 0 rg BT 150.21 418.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 171.98 418.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 219.86 418.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 259.41 418.25 Td (relate ) Tj ET Q q 0 0 0 rg BT 283.95 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 294.06 418.25 Td (an ) Tj ET Q q 0 0 0 rg BT 305.83 418.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 340.92 418.25 Td (and ) Tj ET Q q 0 0 0 rg BT 357.69 418.25 Td (draw ) Tj ET Q q 0 0 0 rg BT 380.01 418.25 Td (down ) Tj ET Q q 0 0 0 rg BT 404.57 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.23 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 429.79 418.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 460.44 418.25 Td (with ) Tj ET Q q 0 0 0 rg BT 480.55 418.25 Td (Sumitomo ) Tj ET Q q 0 0 0 rg BT 524.56 418.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 548.00 418.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 406.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 83.71 406.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 123.42 406.25 Td (Services ) Tj ET Q q 0 0 0 rg BT 159.80 406.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 177.56 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 187.84 406.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 219.77 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.48 406.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 271.96 406.25 Td (services ) Tj ET Q q 0 0 0 rg BT 306.67 406.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 344.17 406.25 Td (in ) Tj ET Q q 0 0 0 rg BT 354.44 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.16 406.25 Td (United ) Tj ET Q q 0 0 0 rg BT 398.88 406.25 Td (States. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 382.25 Td (22. OTHER LIABILITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 358.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 358.25 Td (An ) Tj ET Q q 0 0 0 rg BT 104.72 358.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 139.44 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 150.27 358.25 Td (other ) Tj ET Q q 0 0 0 rg BT 173.32 358.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 213.03 358.25 Td (is ) Tj ET Q q 0 0 0 rg BT 222.20 358.25 Td (as ) Tj ET Q q 0 0 0 rg BT 233.03 358.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 299.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 299.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 299.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 299.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 271.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 271.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 271.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 271.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 243.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 243.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 243.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 243.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 215.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 215.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 215.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 215.75 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 312.75 m 473.5 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 312.75 m 557.5 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 312.75 m 473.5 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 312.75 m 557.5 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 201.75 m 473.5 201.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 188.75 m 473.5 188.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 186.75 m 473.5 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 201.75 m 557.5 201.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 188.75 m 557.5 188.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 186.75 m 557.5 186.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.70 326.20 Td (At September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 317.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.95 326.20 Td (At December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 508.00 317.20 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.85 304.00 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 290.21 Td (Deferred income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 290.21 Td (312,460) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 290.21 Td (234,536) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 276.21 Td (Advances) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 276.21 Td (76,290) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 276.21 Td (187,222) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 262.21 Td (Accrued expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 262.21 Td (76,382) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 262.21 Td (85,624) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 248.21 Td (Security deposits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 248.21 Td (24,786) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 248.21 Td (33,117) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 234.21 Td (Payables to personnel) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 234.21 Td (23,949) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 234.21 Td (28,713) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 220.21 Td (Social security payables) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 220.21 Td (12,079) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 220.21 Td (13,251) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 206.21 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 206.21 Td (105,558) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 206.21 Td (87,915) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 192.20 Td (Total other liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.75 192.20 Td (631,504) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 192.20 Td (670,378) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 164.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 164.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 127.16 164.25 Td (income ) Tj ET Q q 0 0 0 rg BT 158.23 164.25 Td (at ) Tj ET Q q 0 0 0 rg BT 167.08 164.25 Td (September ) Tj ET Q q 0 0 0 rg BT 211.48 164.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 225.62 164.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 247.26 164.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 286.10 164.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 321.06 164.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 356.59 164.25 Td (received ) Tj ET Q q 0 0 0 rg BT 392.08 164.25 Td (under ) Tj ET Q q 0 0 0 rg BT 416.49 164.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.34 164.25 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 471.96 164.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 524.13 164.25 Td (program ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 152.25 Td (as ) Tj ET Q q 0 0 0 rg BT 65.95 152.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 99.55 152.25 Td (in ) Tj ET Q q 0 0 0 rg BT 110.95 152.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.78 152.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 183.17 152.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 224.00 152.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 271.50 152.25 Td (\(121,814 ) Tj ET Q q 0 0 0 rg BT 315.95 152.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 355.68 152.25 Td (at ) Tj ET Q q 0 0 0 rg BT 366.51 152.25 Td (September ) Tj ET Q q 0 0 0 rg BT 412.90 152.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 429.01 152.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 452.63 152.25 Td (and ) Tj ET Q q 0 0 0 rg BT 470.69 152.25 Td (1) Tj ET Q q 0 0 0 rg BT 480.32 152.25 Td (1) Tj ET Q q 0 0 0 rg BT 484.95 152.25 Td (1,589 ) Tj ET Q q 0 0 0 rg BT 511.07 152.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 550.79 152.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 140.25 Td (December ) Tj ET Q q 0 0 0 rg BT 97.43 140.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 112.28 140.25 Td (2014\), ) Tj ET Q q 0 0 0 rg BT 140.46 140.25 Td (which ) Tj ET Q q 0 0 0 rg BT 167.25 140.25 Td (are ) Tj ET Q q 0 0 0 rg BT 181.81 140.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 217.47 140.25 Td (and ) Tj ET Q q 0 0 0 rg BT 234.25 140.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 280.47 140.25 Td (as ) Tj ET Q q 0 0 0 rg BT 291.15 140.25 Td (net ) Tj ET Q q 0 0 0 rg BT 305.71 140.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 343.60 140.25 Td (over ) Tj ET Q q 0 0 0 rg BT 363.72 140.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.29 140.25 Td (length ) Tj ET Q q 0 0 0 rg BT 405.63 140.25 Td (of ) Tj ET Q q 0 0 0 rg BT 416.31 140.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.88 140.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 483.76 140.25 Td (program. ) Tj ET Q q 0 0 0 rg BT 522.48 140.25 Td (Deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 128.25 Td (income ) Tj ET Q q 0 0 0 rg BT 86.04 128.25 Td (also ) Tj ET Q q 0 0 0 rg BT 104.75 128.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 140.69 128.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 177.18 128.25 Td (collected ) Tj ET Q q 0 0 0 rg BT 215.88 128.25 Td (under ) Tj ET Q q 0 0 0 rg BT 241.25 128.25 Td (various ) Tj ET Q q 0 0 0 rg BT 273.29 128.25 Td (other ) Tj ET Q q 0 0 0 rg BT 296.45 128.25 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 347.09 128.25 Td (which ) Tj ET Q q 0 0 0 rg BT 374.13 128.25 Td (are ) Tj ET Q q 0 0 0 rg BT 388.95 128.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 432.65 128.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 455.25 128.25 Td (the ) Tj ET Q q 0 0 0 rg BT 470.08 128.25 Td (future ) Tj ET Q q 0 0 0 rg BT 496.56 128.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 549.69 128.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 116.25 Td (a ) Tj ET Q q 0 0 0 rg BT 60.94 116.25 Td (service ) Tj ET Q q 0 0 0 rg BT 91.75 116.25 Td (or ) Tj ET Q q 0 0 0 rg BT 102.58 116.25 Td (other ) Tj ET Q q 0 0 0 rg BT 125.63 116.25 Td (act ) Tj ET Q q 0 0 0 rg BT 139.79 116.25 Td (of ) Tj ET Q q 0 0 0 rg BT 150.62 116.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.33 116.25 Td (Group.) Tj ET Q endstream endobj 103 0 obj <> endobj 104 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.85 760.75 Td (FERRARI N.V) Tj ET Q q 0 0 0 rg BT 336.56 760.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.20 748.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 143.42 748.75 Td (T) Tj ET Q q 0 0 0 rg BT 149.91 748.75 Td (O ) Tj ET Q q 0 0 0 rg BT 160.01 748.75 Td (THE INTERIM CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 356.24 748.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 435.42 748.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 449.41 748.75 Td (A) Tj ET Q q 0 0 0 rg BT 455.89 748.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 736.75 Td (\(Unaudited\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 701.10 Td (Advances ) Tj ET Q q 0 0 0 rg BT 132.40 701.10 Td (at ) Tj ET Q q 0 0 0 rg BT 142.60 701.10 Td (September ) Tj ET Q q 0 0 0 rg BT 188.34 701.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 203.81 701.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 226.79 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.20 701.10 Td (December ) Tj ET Q q 0 0 0 rg BT 288.26 701.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 303.74 701.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 326.72 701.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 366.90 701.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 403.21 701.10 Td (advances ) Tj ET Q q 0 0 0 rg BT 442.83 701.10 Td (from ) Tj ET Q q 0 0 0 rg BT 465.24 701.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 494.32 701.10 Td (received ) Tj ET Q q 0 0 0 rg BT 531.16 701.10 Td (for ) Tj ET Q q 0 0 0 rg BT 545.80 701.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 689.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 92.14 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.07 689.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 133.99 689.10 Td (edition ) Tj ET Q q 0 0 0 rg BT 164.37 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.40 689.10 Td (supercars. ) Tj ET Q q 0 0 0 rg BT 224.26 689.10 Td (On ) Tj ET Q q 0 0 0 rg BT 239.08 689.10 Td (shipment ) Tj ET Q q 0 0 0 rg BT 278.35 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.28 689.10 Td (such ) Tj ET Q q 0 0 0 rg BT 310.21 689.10 Td (cars, ) Tj ET Q q 0 0 0 rg BT 331.40 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.22 689.10 Td (advances ) Tj ET Q q 0 0 0 rg BT 385.46 689.10 Td (are ) Tj ET Q q 0 0 0 rg BT 400.27 689.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 446.73 689.10 Td (as ) Tj ET Q q 0 0 0 rg BT 457.66 689.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 494.41 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.44 689.10 Td (as ) Tj ET Q q 0 0 0 rg BT 522.37 689.10 Td (such, ) Tj ET Q q 0 0 0 rg BT 545.80 689.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 677.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 89.74 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 98.85 677.10 Td (advances ) Tj ET Q q 0 0 0 rg BT 136.83 677.10 Td (is ) Tj ET Q q 0 0 0 rg BT 144.83 677.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 183.37 677.10 Td (related ) Tj ET Q q 0 0 0 rg BT 211.91 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 221.01 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.56 677.10 Td (shipments ) Tj ET Q q 0 0 0 rg BT 276.45 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.11 677.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 315.77 677.10 Td (edition ) Tj ET Q q 0 0 0 rg BT 344.87 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.64 677.10 Td (supercars ) Tj ET Q q 0 0 0 rg BT 399.73 677.10 Td (during ) Tj ET Q q 0 0 0 rg BT 427.17 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.72 677.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 459.27 677.10 Td (months ) Tj ET Q q 0 0 0 rg BT 490.04 677.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 515.25 677.10 Td (September ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 665.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 69.00 665.10 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 641.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.76 641.10 Td (classification ) Tj ET Q q 0 0 0 rg BT 162.73 641.10 Td (Other) Tj ET Q q 0 0 0 rg BT 189.20 641.10 Td () Tj ET Q q 0 0 0 rg BT 191.79 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 641.10 Td (within ) Tj ET Q q 0 0 0 rg BT 221.77 641.10 Td (other ) Tj ET Q q 0 0 0 rg BT 244.53 641.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 283.96 641.10 Td (at ) Tj ET Q q 0 0 0 rg BT 293.38 641.10 Td (September ) Tj ET Q q 0 0 0 rg BT 338.36 641.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 353.07 641.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 375.28 641.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 410.82 641.10 Td (31,053 ) Tj ET Q q 0 0 0 rg BT 445.53 641.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 483.85 641.10 Td (\(64,319 ) Tj ET Q q 0 0 0 rg BT 521.89 641.10 Td (thousand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 629.10 Td (at ) Tj ET Q q 0 0 0 rg BT 62.62 629.10 Td (December ) Tj ET Q q 0 0 0 rg BT 105.10 629.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 119.00 629.10 Td (2014\) ) Tj ET Q q 0 0 0 rg BT 143.73 629.10 Td (related ) Tj ET Q q 0 0 0 rg BT 172.33 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 181.50 629.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 221.79 629.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 254.28 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 263.46 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.08 629.10 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 340.69 629.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 371.52 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 380.70 629.10 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 409.30 629.10 Td (International ) Tj ET Q q 0 0 0 rg BT 461.79 629.10 Td (Cars ) Tj ET Q q 0 0 0 rg BT 481.42 629.10 Td (T) Tj ET Q q 0 0 0 rg BT 487.18 629.10 Td (rading ) Tj ET Q q 0 0 0 rg BT 514.12 629.10 Td (\(Shanghai\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 617.10 Td (Co. ) Tj ET Q q 0 0 0 rg BT 70.67 617.10 Td (Ltd.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 593.10 Td (23. ) Tj ET Q q 0 0 0 rg BT 73.82 593.10 Td (TRADE P) Tj ET Q q 0 0 0 rg BT 116.69 593.10 Td (A) Tj ET Q q 0 0 0 rg BT 122.99 593.10 Td (Y) Tj ET Q q 0 0 0 rg BT 129.30 593.10 Td (ABLES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 569.10 Td (T) Tj ET Q q 0 0 0 rg BT 95.76 569.10 Td (rade ) Tj ET Q q 0 0 0 rg BT 115.59 569.10 Td (payables ) Tj ET Q q 0 0 0 rg BT 153.21 569.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.17 569.10 Td (448,568 ) Tj ET Q q 0 0 0 rg BT 204.30 569.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.41 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 243.03 569.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.88 569.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 313.27 569.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.27 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 335.90 569.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.23 569.10 Td (535,707 ) Tj ET Q q 0 0 0 rg BT 379.36 569.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.47 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 418.10 569.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.95 569.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 486.66 569.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.66 569.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 512.62 569.10 Td (are ) Tj ET Q q 0 0 0 rg BT 527.46 569.10 Td (entirely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 557.10 Td (due ) Tj ET Q q 0 0 0 rg BT 70.94 557.10 Td (within ) Tj ET Q q 0 0 0 rg BT 99.00 557.10 Td (one ) Tj ET Q q 0 0 0 rg BT 115.93 557.10 Td (year) Tj ET Q q 0 0 0 rg BT 132.59 557.10 Td (. ) Tj ET Q q 0 0 0 rg BT 137.41 557.10 Td (The ) Tj ET Q q 0 0 0 rg BT 155.46 557.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 191.27 557.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 223.77 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.60 557.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 257.08 557.10 Td (payables ) Tj ET Q q 0 0 0 rg BT 294.57 557.10 Td (is ) Tj ET Q q 0 0 0 rg BT 303.74 557.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 349.55 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.83 557.10 Td (be ) Tj ET Q q 0 0 0 rg BT 371.77 557.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 415.92 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 426.20 557.10 Td (their ) Tj ET Q q 0 0 0 rg BT 447.02 557.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 463.40 557.10 Td (value.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 533.10 Td (24. F) Tj ET Q q 0 0 0 rg BT 79.37 533.10 Td (AIR ) Tj ET Q q 0 0 0 rg BT 100.02 533.10 Td (V) Tj ET Q q 0 0 0 rg BT 105.95 533.10 Td (ALUE MEASUREMENT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 509.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 113.15 509.10 Td (13 ) Tj ET Q q 0 0 0 rg BT 125.18 509.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 170.53 509.10 Td (a ) Tj ET Q q 0 0 0 rg BT 176.99 509.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 216.77 509.10 Td (that ) Tj ET Q q 0 0 0 rg BT 233.79 509.10 Td (categorizes ) Tj ET Q q 0 0 0 rg BT 280.79 509.10 Td (into ) Tj ET Q q 0 0 0 rg BT 298.37 509.10 Td (three ) Tj ET Q q 0 0 0 rg BT 320.39 509.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 345.74 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.98 509.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 386.46 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.26 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.50 509.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 449.74 509.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 494.53 509.10 Td (used ) Tj ET Q q 0 0 0 rg BT 514.89 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 524.69 509.10 Td (measure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 497.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 70.29 497.10 Td (value ) Tj ET Q q 0 0 0 rg BT 94.35 497.10 Td (by ) Tj ET Q q 0 0 0 rg BT 106.77 497.10 Td (giving ) Tj ET Q q 0 0 0 rg BT 134.73 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.36 497.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 180.66 497.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 213.07 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 223.25 497.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 252.88 497.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 279.17 497.10 Td (\(unadjusted\) ) Tj ET Q q 0 0 0 rg BT 331.57 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 341.76 497.10 Td (active ) Tj ET Q q 0 0 0 rg BT 368.04 497.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 402.11 497.10 Td (for ) Tj ET Q q 0 0 0 rg BT 416.18 497.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 453.02 497.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 478.76 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 495.61 497.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 535.24 497.10 Td (\(level ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 485.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 61.18 485.10 Td (inputs\) ) Tj ET Q q 0 0 0 rg BT 91.14 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.76 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.16 485.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 150.46 485.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 182.63 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.59 485.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 248.09 485.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 274.72 485.10 Td (\(level ) Tj ET Q q 0 0 0 rg BT 299.67 485.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 306.85 485.10 Td (inputs\). ) Tj ET Q q 0 0 0 rg BT 339.31 485.10 Td (In ) Tj ET Q q 0 0 0 rg BT 349.83 485.10 Td (some ) Tj ET Q q 0 0 0 rg BT 373.12 485.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 398.90 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.30 485.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 439.93 485.10 Td (used ) Tj ET Q q 0 0 0 rg BT 460.44 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 470.40 485.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 505.90 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.30 485.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 536.36 485.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 65.26 473.10 Td (an ) Tj ET Q q 0 0 0 rg BT 77.63 473.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 100.00 473.10 Td (or ) Tj ET Q q 0 0 0 rg BT 111.26 473.10 Td (a ) Tj ET Q q 0 0 0 rg BT 118.63 473.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 152.67 473.10 Td (might ) Tj ET Q q 0 0 0 rg BT 178.94 473.10 Td (be ) Tj ET Q q 0 0 0 rg BT 191.31 473.10 Td (categorized ) Tj ET Q q 0 0 0 rg BT 240.32 473.10 Td (within ) Tj ET Q q 0 0 0 rg BT 268.80 473.10 Td (dif) Tj ET Q q 0 0 0 rg BT 279.73 473.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 305.98 473.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 332.24 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.50 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.64 473.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 375.45 473.10 Td (value ) Tj ET Q q 0 0 0 rg BT 400.04 473.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 437.14 473.10 Td (. ) Tj ET Q q 0 0 0 rg BT 442.57 473.10 Td (In ) Tj ET Q q 0 0 0 rg BT 453.84 473.10 Td (those ) Tj ET Q q 0 0 0 rg BT 477.88 473.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 504.41 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.55 473.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 536.36 473.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 461.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 109.45 461.10 Td (is ) Tj ET Q q 0 0 0 rg BT 118.25 461.10 Td (categorized ) Tj ET Q q 0 0 0 rg BT 166.47 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 176.38 461.10 Td (its ) Tj ET Q q 0 0 0 rg BT 187.96 461.10 Td (entirety ) Tj ET Q q 0 0 0 rg BT 220.64 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.55 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.91 461.10 Td (same ) Tj ET Q q 0 0 0 rg BT 267.59 461.10 Td (level ) Tj ET Q q 0 0 0 rg BT 289.16 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.62 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.97 461.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 329.99 461.10 Td (value ) Tj ET Q q 0 0 0 rg BT 353.78 461.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 393.67 461.10 Td (at ) Tj ET Q q 0 0 0 rg BT 403.02 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.37 461.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 445.61 461.10 Td (level ) Tj ET Q q 0 0 0 rg BT 467.18 461.10 Td (input ) Tj ET Q q 0 0 0 rg BT 489.87 461.10 Td (that ) Tj ET Q q 0 0 0 rg BT 507.00 461.10 Td (is ) Tj ET Q q 0 0 0 rg BT 515.81 461.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 64.28 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 79.00 449.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 104.26 449.10 Td (measurement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 425.10 Td (Levels ) Tj ET Q q 0 0 0 rg BT 119.16 425.10 Td (used ) Tj ET Q q 0 0 0 rg BT 139.99 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 150.26 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.98 425.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 205.23 425.10 Td (are ) Tj ET Q q 0 0 0 rg BT 219.94 425.10 Td (as ) Tj ET Q q 0 0 0 rg BT 230.77 425.10 Td (follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 401.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 115.62 401.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 123.48 401.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 150.79 401.10 Td (are ) Tj ET Q q 0 0 0 rg BT 165.86 401.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 195.94 401.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 222.67 401.10 Td (\(unadjusted\) ) Tj ET Q q 0 0 0 rg BT 275.52 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 286.16 401.10 Td (active ) Tj ET Q q 0 0 0 rg BT 312.89 401.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 347.41 401.10 Td (for ) Tj ET Q q 0 0 0 rg BT 361.93 401.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 399.22 401.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 425.41 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.71 401.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 482.78 401.10 Td (that ) Tj ET Q q 0 0 0 rg BT 500.64 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.72 401.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 544.13 401.10 Td (can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 389.10 Td (access ) Tj ET Q q 0 0 0 rg BT 82.04 389.10 Td (at ) Tj ET Q q 0 0 0 rg BT 91.75 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.47 389.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 162.28 389.10 Td (date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 365.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 114.77 365.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 121.77 365.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 148.23 365.10 Td (are ) Tj ET Q q 0 0 0 rg BT 162.44 365.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 188.89 365.10 Td (other ) Tj ET Q q 0 0 0 rg BT 211.44 365.10 Td (than ) Tj ET Q q 0 0 0 rg BT 230.66 365.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 259.88 365.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 285.76 365.10 Td (included ) Tj ET Q q 0 0 0 rg BT 322.20 365.10 Td (within ) Tj ET Q q 0 0 0 rg BT 349.76 365.10 Td (level ) Tj ET Q q 0 0 0 rg BT 371.20 365.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 378.21 365.10 Td (that ) Tj ET Q q 0 0 0 rg BT 395.21 365.10 Td (are ) Tj ET Q q 0 0 0 rg BT 409.42 365.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 454.74 365.10 Td (for ) Tj ET Q q 0 0 0 rg BT 468.40 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.62 365.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 507.96 365.10 Td (or ) Tj ET Q q 0 0 0 rg BT 518.29 365.10 Td (liabilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 353.10 Td (either ) Tj ET Q q 0 0 0 rg BT 79.26 353.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 112.31 353.10 Td (or ) Tj ET Q q 0 0 0 rg BT 123.14 353.10 Td (indirectly) Tj ET Q q 0 0 0 rg BT 160.81 353.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 329.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 115.26 329.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 122.76 329.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 149.71 329.10 Td (are ) Tj ET Q q 0 0 0 rg BT 164.42 329.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 220.23 329.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 247.18 329.10 Td (for ) Tj ET Q q 0 0 0 rg BT 261.34 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.06 329.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 301.89 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.83 329.10 Td (liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 293.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 90.00 293.10 Td (Assets and liabilities that are measured at fair value on a recurring basis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 269.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 269.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.85 269.10 Td (following ) Tj ET Q q 0 0 0 rg BT 149.04 269.10 Td (table ) Tj ET Q q 0 0 0 rg BT 170.77 269.10 Td (shows ) Tj ET Q q 0 0 0 rg BT 198.08 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.60 269.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 228.78 269.10 Td (value ) Tj ET Q q 0 0 0 rg BT 252.74 269.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 292.79 269.10 Td (for ) Tj ET Q q 0 0 0 rg BT 306.76 269.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 344.04 269.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 369.67 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.41 269.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 425.93 269.10 Td (that ) Tj ET Q q 0 0 0 rg BT 443.23 269.10 Td (are ) Tj ET Q q 0 0 0 rg BT 457.74 269.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 498.35 269.10 Td (at ) Tj ET Q q 0 0 0 rg BT 507.87 269.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 524.05 269.10 Td (value ) Tj ET Q q 0 0 0 rg BT 548.01 269.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 257.10 Td (a ) Tj ET Q q 0 0 0 rg BT 60.94 257.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 100.08 257.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 122.58 257.10 Td (at ) Tj ET Q q 0 0 0 rg BT 132.30 257.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 192.56 257.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 215.06 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.00 257.10 Td (at ) Tj ET Q q 0 0 0 rg BT 241.72 257.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 300.30 257.10 Td (2014:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 205.60 224.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 205.60 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 205.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 650.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 622.50 224.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 622.50 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 622.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 622.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 622.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 622.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 622.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 622.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 622.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 622.50 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 705.5 m 377.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 705.5 m 381.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 705.5 m 437.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 705.5 m 441.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 705.5 m 497.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 705.5 m 501.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 705.5 m 557.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 691.5 m 317.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 691.5 m 377.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 691.5 m 437.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 691.5 m 497.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 691.5 m 557.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 636.5 m 377.5 636.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 623.5 m 377.5 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 621.5 m 377.5 621.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 636.5 m 437.5 636.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 623.5 m 437.5 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 621.5 m 437.5 621.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 636.5 m 497.5 636.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 623.5 m 497.5 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 621.5 m 497.5 621.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 636.5 m 557.5 636.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 623.5 m 557.5 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 621.5 m 557.5 621.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 608.5 m 377.5 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 595.5 m 377.5 595.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 593.5 m 377.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 608.5 m 437.5 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 595.5 m 437.5 595.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 593.5 m 437.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 608.5 m 497.5 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 595.5 m 497.5 595.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 593.5 m 497.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 608.5 m 557.5 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 595.5 m 557.5 595.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 593.5 m 557.5 593.5 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.80 709.95 Td (At December 31, 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 288.00 695.95 Td (Note) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.10 695.95 Td (Level 1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.10 695.95 Td (Level2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.10 695.95 Td (Level3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.15 695.95 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.85 682.75 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 668.96 Td (Cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.75 668.96 Td (134,278) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 668.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 668.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 668.96 Td (134,278) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 654.96 Td (Investments and other financial assets - Delta Top Co option) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.50 654.96 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.00 654.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 654.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 654.96 Td (10,546) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 654.96 Td (10,546) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 640.96 Td (Current financial assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.50 640.96 Td (18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.00 640.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.75 640.96 Td (8,747) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 640.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 640.96 Td (8,747) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 626.95 Td (Total assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.75 626.95 Td (134,278) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 413.75 626.95 Td (8,747) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.25 626.95 Td (10,546) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 626.95 Td (153,571) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 612.96 Td (Other financial liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.50 612.96 Td (18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.00 612.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 612.96 Td (104,093) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 612.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 612.96 Td (104,093) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 598.95 Td (Total liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.00 598.95 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.75 598.95 Td (104,093) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.00 598.95 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 598.95 Td (104,093) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 571.00 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 571.00 Td (In ) Tj ET Q q 0 0 0 rg BT 100.97 571.00 Td (the ) Tj ET Q q 0 0 0 rg BT 115.83 571.00 Td (nine ) Tj ET Q q 0 0 0 rg BT 135.69 571.00 Td (months ) Tj ET Q q 0 0 0 rg BT 167.78 571.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 194.30 571.00 Td (September ) Tj ET Q q 0 0 0 rg BT 239.71 571.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 254.85 571.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 277.50 571.00 Td (and ) Tj ET Q q 0 0 0 rg BT 294.58 571.00 Td (in ) Tj ET Q q 0 0 0 rg BT 305.00 571.00 Td (the ) Tj ET Q q 0 0 0 rg BT 319.86 571.00 Td (same ) Tj ET Q q 0 0 0 rg BT 343.05 571.00 Td (period ) Tj ET Q q 0 0 0 rg BT 371.24 571.00 Td (in ) Tj ET Q q 0 0 0 rg BT 381.66 571.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 404.30 571.00 Td (there ) Tj ET Q q 0 0 0 rg BT 426.93 571.00 Td (were ) Tj ET Q q 0 0 0 rg BT 449.00 571.00 Td (no ) Tj ET Q q 0 0 0 rg BT 461.65 571.00 Td (transfers ) Tj ET Q q 0 0 0 rg BT 498.72 571.00 Td (between ) Tj ET Q q 0 0 0 rg BT 534.68 571.00 Td (levels ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 559.00 Td (in ) Tj ET Q q 0 0 0 rg BT 64.28 559.00 Td (the ) Tj ET Q q 0 0 0 rg BT 79.00 559.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 95.37 559.00 Td (value ) Tj ET Q q 0 0 0 rg BT 119.53 559.00 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 156.63 559.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 535.00 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 535.00 Td (The ) Tj ET Q q 0 0 0 rg BT 107.73 535.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 123.78 535.00 Td (value ) Tj ET Q q 0 0 0 rg BT 147.62 535.00 Td (of ) Tj ET Q q 0 0 0 rg BT 158.13 535.00 Td (current ) Tj ET Q q 0 0 0 rg BT 188.63 535.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 225.79 535.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 251.30 535.00 Td (and ) Tj ET Q q 0 0 0 rg BT 267.92 535.00 Td (other ) Tj ET Q q 0 0 0 rg BT 290.64 535.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 327.80 535.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 367.20 535.00 Td (is ) Tj ET Q q 0 0 0 rg BT 376.05 535.00 Td (related ) Tj ET Q q 0 0 0 rg BT 405.43 535.00 Td (to ) Tj ET Q q 0 0 0 rg BT 415.39 535.00 Td (derivative ) Tj ET Q q 0 0 0 rg BT 457.55 535.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 494.71 535.00 Td (instruments ) Tj ET Q q 0 0 0 rg BT 543.56 535.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 523.00 Td (is ) Tj ET Q q 0 0 0 rg BT 62.40 523.00 Td (measured ) Tj ET Q q 0 0 0 rg BT 102.45 523.00 Td (by ) Tj ET Q q 0 0 0 rg BT 114.19 523.00 Td (taking ) Tj ET Q q 0 0 0 rg BT 140.91 523.00 Td (into ) Tj ET Q q 0 0 0 rg BT 158.20 523.00 Td (consideration ) Tj ET Q q 0 0 0 rg BT 213.81 523.00 Td (market ) Tj ET Q q 0 0 0 rg BT 243.31 523.00 Td (parameters ) Tj ET Q q 0 0 0 rg BT 288.90 523.00 Td (at ) Tj ET Q q 0 0 0 rg BT 297.85 523.00 Td (the ) Tj ET Q q 0 0 0 rg BT 311.80 523.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 344.07 523.00 Td (sheet ) Tj ET Q q 0 0 0 rg BT 366.35 523.00 Td (date, ) Tj ET Q q 0 0 0 rg BT 387.24 523.00 Td (using ) Tj ET Q q 0 0 0 rg BT 410.64 523.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 449.59 523.00 Td (techniques ) Tj ET Q q 0 0 0 rg BT 494.08 523.00 Td (widely ) Tj ET Q q 0 0 0 rg BT 523.03 523.00 Td (accepted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 511.00 Td (in ) Tj ET Q q 0 0 0 rg BT 64.78 511.00 Td (the ) Tj ET Q q 0 0 0 rg BT 80.00 511.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 117.98 511.00 Td (business ) Tj ET Q q 0 0 0 rg BT 154.88 511.00 Td (environment. ) Tj ET Q q 0 0 0 rg BT 210.92 511.00 Td (In ) Tj ET Q q 0 0 0 rg BT 222.25 511.00 Td (particular) Tj ET Q q 0 0 0 rg BT 260.16 511.00 Td (, ) Tj ET Q q 0 0 0 rg BT 265.66 511.00 Td (the ) Tj ET Q q 0 0 0 rg BT 280.88 511.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 297.76 511.00 Td (value ) Tj ET Q q 0 0 0 rg BT 322.42 511.00 Td (of ) Tj ET Q q 0 0 0 rg BT 333.75 511.00 Td (forward ) Tj ET Q q 0 0 0 rg BT 368.40 511.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 407.50 511.00 Td (and ) Tj ET Q q 0 0 0 rg BT 424.94 511.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 462.92 511.00 Td (swaps ) Tj ET Q q 0 0 0 rg BT 490.36 511.00 Td (is ) Tj ET Q q 0 0 0 rg BT 500.03 511.00 Td (determined ) Tj ET Q q 0 0 0 rg BT 548.02 511.00 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 499.00 Td (taking ) Tj ET Q q 0 0 0 rg BT 81.50 499.00 Td (the ) Tj ET Q q 0 0 0 rg BT 96.21 499.00 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 139.25 499.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 170.63 499.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 208.11 499.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 248.36 499.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 265.85 499.00 Td (and ) Tj ET Q q 0 0 0 rg BT 282.78 499.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 314.72 499.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 336.09 499.00 Td (at ) Tj ET Q q 0 0 0 rg BT 345.81 499.00 Td (the ) Tj ET Q q 0 0 0 rg BT 360.53 499.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 393.56 499.00 Td (sheet ) Tj ET Q q 0 0 0 rg BT 416.61 499.00 Td (date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 475.00 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 475.00 Td (The ) Tj ET Q q 0 0 0 rg BT 107.10 475.00 Td (par ) Tj ET Q q 0 0 0 rg BT 121.43 475.00 Td (value ) Tj ET Q q 0 0 0 rg BT 144.64 475.00 Td (of ) Tj ET Q q 0 0 0 rg BT 154.52 475.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 173.85 475.00 Td (and ) Tj ET Q q 0 0 0 rg BT 189.84 475.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 209.16 475.00 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 256.26 475.00 Td (usually ) Tj ET Q q 0 0 0 rg BT 286.70 475.00 Td (approximates ) Tj ET Q q 0 0 0 rg BT 342.13 475.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 357.56 475.00 Td (value ) Tj ET Q q 0 0 0 rg BT 380.77 475.00 Td (due ) Tj ET Q q 0 0 0 rg BT 396.77 475.00 Td (to ) Tj ET Q q 0 0 0 rg BT 406.10 475.00 Td (the ) Tj ET Q q 0 0 0 rg BT 419.87 475.00 Td (short ) Tj ET Q q 0 0 0 rg BT 441.43 475.00 Td (maturity ) Tj ET Q q 0 0 0 rg BT 476.86 475.00 Td (of ) Tj ET Q q 0 0 0 rg BT 486.75 475.00 Td (these ) Tj ET Q q 0 0 0 rg BT 508.85 475.00 Td (instruments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 463.00 Td (which ) Tj ET Q q 0 0 0 rg BT 80.94 463.00 Td (consist ) Tj ET Q q 0 0 0 rg BT 111.22 463.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 150.93 463.00 Td (of ) Tj ET Q q 0 0 0 rg BT 161.76 463.00 Td (bank ) Tj ET Q q 0 0 0 rg BT 183.70 463.00 Td (current ) Tj ET Q q 0 0 0 rg BT 214.51 463.00 Td (accounts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 439.00 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 439.00 Td (The following table presents the changes in the fair value of the Delta ) Tj ET Q q 0 0 0 rg BT 371.11 439.00 Td (T) Tj ET Q q 0 0 0 rg BT 376.52 439.00 Td (op Co option \(which is the only asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 427.00 Td (categorized in level 3\) from December 31, 2014 to September 30, 2015.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 368.50 404.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 368.50 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 338.50 404.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 338.50 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 383.5 m 558.5 383.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 353.5 m 558.5 353.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 338.5 m 558.5 338.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 324.5 m 558.5 324.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 322.5 m 558.5 322.5 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.05 405.95 Td (Investments and other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.10 396.95 Td (financial assets - Delta) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.65 387.95 Td (Top Co option) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.35 372.96 Td (\( thousand\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 357.95 Td (At December 31, 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.25 357.95 Td (10,546) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 342.96 Td (Gains recognized in net financial income/\(expenses\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.50 342.96 Td (184) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 327.95 Td (At September) Tj ET Q q 0 0 0 rg BT 110.07 327.95 Td ( 30, 2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.25 327.95 Td (10,730) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 300.00 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 300.00 Td (Assets and liabilities not measured at fair value on a recurring basis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 276.00 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 276.00 Td (For ) Tj ET Q q 0 0 0 rg BT 107.01 276.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 145.11 276.00 Td (instruments ) Tj ET Q q 0 0 0 rg BT 194.89 276.00 Td (represented ) Tj ET Q q 0 0 0 rg BT 244.10 276.00 Td (by ) Tj ET Q q 0 0 0 rg BT 257.22 276.00 Td (short-term ) Tj ET Q q 0 0 0 rg BT 301.99 276.00 Td (receivables ) Tj ET Q q 0 0 0 rg BT 350.08 276.00 Td (and ) Tj ET Q q 0 0 0 rg BT 367.64 276.00 Td (payables, ) Tj ET Q q 0 0 0 rg BT 408.24 276.00 Td (for ) Tj ET Q q 0 0 0 rg BT 423.02 276.00 Td (which ) Tj ET Q q 0 0 0 rg BT 450.58 276.00 Td (the ) Tj ET Q q 0 0 0 rg BT 465.92 276.00 Td (present ) Tj ET Q q 0 0 0 rg BT 497.91 276.00 Td (value ) Tj ET Q q 0 0 0 rg BT 522.69 276.00 Td (of ) Tj ET Q q 0 0 0 rg BT 534.14 276.00 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 264.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 73.48 264.00 Td (flows ) Tj ET Q q 0 0 0 rg BT 97.41 264.00 Td (does ) Tj ET Q q 0 0 0 rg BT 117.44 264.00 Td (not ) Tj ET Q q 0 0 0 rg BT 131.93 264.00 Td (dif) Tj ET Q q 0 0 0 rg BT 142.86 264.00 Td (fer ) Tj ET Q q 0 0 0 rg BT 155.67 264.00 Td (significantly ) Tj ET Q q 0 0 0 rg BT 207.36 264.00 Td (from ) Tj ET Q q 0 0 0 rg BT 228.51 264.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 263.53 264.00 Td (value, ) Tj ET Q q 0 0 0 rg BT 289.40 264.00 Td (the ) Tj ET Q q 0 0 0 rg BT 303.32 264.00 Td (Group ) Tj ET Q q 0 0 0 rg BT 330.58 264.00 Td (assumes ) Tj ET Q q 0 0 0 rg BT 365.62 264.00 Td (that ) Tj ET Q q 0 0 0 rg BT 382.32 264.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 417.35 264.00 Td (value ) Tj ET Q q 0 0 0 rg BT 440.71 264.00 Td (is ) Tj ET Q q 0 0 0 rg BT 449.09 264.00 Td (a ) Tj ET Q q 0 0 0 rg BT 455.23 264.00 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 499.70 264.00 Td (approximation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 252.00 Td (of ) Tj ET Q q 0 0 0 rg BT 65.37 252.00 Td (the ) Tj ET Q q 0 0 0 rg BT 80.62 252.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 97.54 252.00 Td (value. ) Tj ET Q q 0 0 0 rg BT 124.73 252.00 Td (In ) Tj ET Q q 0 0 0 rg BT 136.09 252.00 Td (particular) Tj ET Q q 0 0 0 rg BT 174.00 252.00 Td (, ) Tj ET Q q 0 0 0 rg BT 179.54 252.00 Td (the ) Tj ET Q q 0 0 0 rg BT 194.80 252.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 231.15 252.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 264.18 252.00 Td (of ) Tj ET Q q 0 0 0 rg BT 275.55 252.00 Td (current ) Tj ET Q q 0 0 0 rg BT 306.90 252.00 Td (receivables ) Tj ET Q q 0 0 0 rg BT 354.91 252.00 Td (and ) Tj ET Q q 0 0 0 rg BT 372.38 252.00 Td (other ) Tj ET Q q 0 0 0 rg BT 395.97 252.00 Td (current ) Tj ET Q q 0 0 0 rg BT 427.32 252.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 453.69 252.00 Td (and ) Tj ET Q q 0 0 0 rg BT 471.16 252.00 Td (of ) Tj ET Q q 0 0 0 rg BT 482.53 252.00 Td (trade ) Tj ET Q q 0 0 0 rg BT 505.55 252.00 Td (payables ) Tj ET Q q 0 0 0 rg BT 543.58 252.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 240.00 Td (other ) Tj ET Q q 0 0 0 rg BT 77.05 240.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 116.76 240.00 Td (approximates ) Tj ET Q q 0 0 0 rg BT 173.14 240.00 Td (their ) Tj ET Q q 0 0 0 rg BT 193.96 240.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 210.34 240.00 Td (value.) Tj ET Q endstream endobj 107 0 obj <> endobj 108 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.85 760.75 Td (FERRARI N.V) Tj ET Q q 0 0 0 rg BT 336.56 760.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.20 748.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 143.42 748.75 Td (T) Tj ET Q q 0 0 0 rg BT 149.91 748.75 Td (O ) Tj ET Q q 0 0 0 rg BT 160.01 748.75 Td (THE INTERIM CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 356.24 748.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 435.42 748.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 449.41 748.75 Td (A) Tj ET Q q 0 0 0 rg BT 455.89 748.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 736.75 Td (\(Unaudited\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 713.10 Td (The following table represents carrying amount and fair value for the most relevant categories of financial assets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 701.10 Td (liabilities not measured at fair value on a recurring basis:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 628.60 224.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 628.60 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 628.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 628.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 628.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 628.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 628.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 628.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 628.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 628.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 600.60 224.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 600.60 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 600.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 600.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 600.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 600.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 600.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 600.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 600.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 600.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 572.60 224.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 572.60 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 572.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 572.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 572.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 572.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 572.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 572.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 572.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 572.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 544.60 224.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 544.60 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 544.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 544.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 544.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 544.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 544.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 544.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 544.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 544.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 516.60 224.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 516.60 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 516.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 516.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 516.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 516.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 516.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 516.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 516.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 516.60 56.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 664.6 m 378.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 664.6 m 382.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 664.6 m 438.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 664.6 m 498.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 664.6 m 502.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 664.6 m 558.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 641.6 m 318.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 641.6 m 378.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 641.6 m 438.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 641.6 m 498.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 641.6 m 558.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 530.6 m 438.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 530.6 m 378.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 517.6 m 378.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 515.6 m 378.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 530.6 m 438.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 517.6 m 438.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 515.6 m 438.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 530.6 m 498.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 517.6 m 498.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 515.6 m 498.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 530.6 m 558.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 517.6 m 558.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 515.6 m 558.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 501.6 m 378.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 488.6 m 378.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 486.6 m 378.5 486.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 501.6 m 438.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 488.6 m 438.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 486.6 m 438.5 486.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 501.6 m 498.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 488.6 m 498.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 486.6 m 498.5 486.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 501.6 m 558.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 488.6 m 558.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 486.6 m 558.5 486.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 336.55 669.05 Td (At September 30, 2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.80 669.05 Td (At December 31, 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 289.00 646.05 Td (Note) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 332.25 655.05 Td (Carrying) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.20 646.05 Td (amount) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.80 646.05 Td (Fair Value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.25 655.05 Td (Carrying) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.20 646.05 Td (amount) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 521.80 655.05 Td (Fair) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.15 646.05 Td (Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.85 632.85 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 619.06 Td (Deposits in FCA Group cash management pools) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.50 619.06 Td (17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.00 619.06 Td (1,215,627) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.00 619.06 Td (1,215,627) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.75 619.06 Td (942,469) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 619.06 Td (942,469) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 605.06 Td (Receivables from financing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.50 605.06 Td (17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.00 605.06 Td (1,198,727) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.00 605.06 Td (1,199,681) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 605.06 Td (1,224,446) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.00 605.06 Td (1,225,931) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 591.05 Td (Customer financing) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 339.00 591.05 Td (1,140,759) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.00 591.05 Td (1,141,713) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.75 591.05 Td (939,284) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.75 591.05 Td (940,769) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 577.05 Td (Financial receivables from FCA Group companies) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 577.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 577.06 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.75 577.05 Td (161,303) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.75 577.05 Td (161,303) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 563.05 Td (Factoring receivables) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.25 563.05 Td (31,269) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.25 563.05 Td (31,269) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.25 563.05 Td (89,821) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.25 563.05 Td (89,821) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 549.05 Td (Dealer financing) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.25 549.05 Td (23,314) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.25 549.05 Td (23,314) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.25 549.05 Td (33,611) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.25 549.05 Td (33,611) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 535.05 Td (Other) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.75 535.05 Td (3,385) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.75 535.05 Td (3,385) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.50 535.05 Td (427) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.50 535.05 Td (427) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 521.05 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 339.00 521.05 Td (2,414,354) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.00 521.05 Td (2,415,308) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.00 521.05 Td (2,166,915) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.00 521.05 Td (2,168,400) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 492.05 Td (Debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.50 492.06 Td (21) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 345.75 492.05 Td (579,154) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.75 492.05 Td (578,527) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.75 492.05 Td (510,220) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.75 492.05 Td (509,355) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 464.10 Td (25. RELA) Tj ET Q q 0 0 0 rg BT 101.04 464.10 Td (TED P) Tj ET Q q 0 0 0 rg BT 129.47 464.10 Td (AR) Tj ET Q q 0 0 0 rg BT 143.56 464.10 Td (TY) Tj ET Q q 0 0 0 rg BT 157.08 464.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.40 464.10 Td (TRANSACTIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 440.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 440.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 128.08 440.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.93 440.10 Td (IAS ) Tj ET Q q 0 0 0 rg BT 158.12 440.10 Td (24, ) Tj ET Q q 0 0 0 rg BT 173.69 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.98 440.10 Td (related ) Tj ET Q q 0 0 0 rg BT 219.26 440.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 248.99 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.40 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.69 440.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 304.32 440.10 Td (are ) Tj ET Q q 0 0 0 rg BT 319.60 440.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 351.56 440.10 Td (and ) Tj ET Q q 0 0 0 rg BT 369.07 440.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 416.59 440.10 Td (capable ) Tj ET Q q 0 0 0 rg BT 450.20 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.60 440.10 Td (exercising ) Tj ET Q q 0 0 0 rg BT 505.77 440.10 Td (control, ) Tj ET Q q 0 0 0 rg BT 539.67 440.10 Td (joint ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 428.10 Td (control ) Tj ET Q q 0 0 0 rg BT 85.08 428.10 Td (or ) Tj ET Q q 0 0 0 rg BT 96.17 428.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 141.14 428.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 181.10 428.10 Td (over ) Tj ET Q q 0 0 0 rg BT 201.63 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.61 428.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 244.92 428.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.12 428.10 Td (its ) Tj ET Q q 0 0 0 rg BT 274.32 428.10 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 326.80 428.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 372.32 428.10 Td (belonging ) Tj ET Q q 0 0 0 rg BT 415.07 428.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.61 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.59 428.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 459.49 428.10 Td ( ) Tj ET Q q 0 0 0 rg BT 462.25 428.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 490.56 428.10 Td (and ) Tj ET Q q 0 0 0 rg BT 507.75 428.10 Td (Exor ) Tj ET Q q 0 0 0 rg BT 529.95 428.10 Td (Group, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 71.38 416.10 Td (unconsolidated ) Tj ET Q q 0 0 0 rg BT 134.86 416.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 185.01 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.28 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.44 416.10 Td (Group. ) Tj ET Q q 0 0 0 rg BT 242.43 416.10 Td (In ) Tj ET Q q 0 0 0 rg BT 253.70 416.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 291.91 416.10 Td (members ) Tj ET Q q 0 0 0 rg BT 331.50 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.77 416.10 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 372.92 416.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 401.41 416.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 428.78 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.05 416.10 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 482.70 416.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 510.07 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.34 416.10 Td (Statutory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 404.10 Td (Auditors ) Tj ET Q q 0 0 0 rg BT 91.50 404.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.44 404.10 Td (executives ) Tj ET Q q 0 0 0 rg BT 153.14 404.10 Td (with ) Tj ET Q q 0 0 0 rg BT 173.42 404.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 209.79 404.10 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 272.84 404.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.78 404.10 Td (their ) Tj ET Q q 0 0 0 rg BT 310.61 404.10 Td (families ) Tj ET Q q 0 0 0 rg BT 345.32 404.10 Td (are ) Tj ET Q q 0 0 0 rg BT 360.03 404.10 Td (also ) Tj ET Q q 0 0 0 rg BT 378.63 404.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 424.45 404.10 Td (related ) Tj ET Q q 0 0 0 rg BT 454.15 404.10 Td (parties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 380.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 380.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.81 380.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 135.62 380.10 Td (carries ) Tj ET Q q 0 0 0 rg BT 164.53 380.10 Td (out ) Tj ET Q q 0 0 0 rg BT 179.57 380.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 229.60 380.10 Td (with ) Tj ET Q q 0 0 0 rg BT 249.64 380.10 Td (related ) Tj ET Q q 0 0 0 rg BT 279.10 380.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 308.02 380.10 Td (on ) Tj ET Q q 0 0 0 rg BT 320.28 380.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 369.74 380.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 394.22 380.10 Td (that ) Tj ET Q q 0 0 0 rg BT 411.48 380.10 Td (are ) Tj ET Q q 0 0 0 rg BT 425.95 380.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 456.53 380.10 Td (in ) Tj ET Q q 0 0 0 rg BT 466.57 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.05 380.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 523.85 380.10 Td (markets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 368.10 Td (considering ) Tj ET Q q 0 0 0 rg BT 102.57 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.69 368.10 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 175.79 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.03 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.16 368.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 225.96 368.10 Td (or ) Tj ET Q q 0 0 0 rg BT 236.20 368.10 Td (services ) Tj ET Q q 0 0 0 rg BT 270.32 368.10 Td (involved. ) Tj ET Q q 0 0 0 rg BT 309.59 368.10 Td (T) Tj ET Q q 0 0 0 rg BT 315.34 368.10 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 362.24 368.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 391.91 368.10 Td (out ) Tj ET Q q 0 0 0 rg BT 406.59 368.10 Td (by ) Tj ET Q q 0 0 0 rg BT 418.50 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.63 368.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 460.09 368.10 Td (with ) Tj ET Q q 0 0 0 rg BT 479.78 368.10 Td (these ) Tj ET Q q 0 0 0 rg BT 502.24 368.10 Td (related ) Tj ET Q q 0 0 0 rg BT 531.35 368.10 Td (parties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 356.10 Td (are ) Tj ET Q q 0 0 0 rg BT 69.61 356.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 110.22 356.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.95 356.10 Td (those ) Tj ET Q q 0 0 0 rg BT 146.46 356.10 Td (a ) Tj ET Q q 0 0 0 rg BT 154.30 356.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 204.90 356.10 Td (nature, ) Tj ET Q q 0 0 0 rg BT 235.78 356.10 Td (which ) Tj ET Q q 0 0 0 rg BT 263.62 356.10 Td (have ) Tj ET Q q 0 0 0 rg BT 285.90 356.10 Td (had ) Tj ET Q q 0 0 0 rg BT 303.74 356.10 Td (an ) Tj ET Q q 0 0 0 rg BT 316.58 356.10 Td (ef) Tj ET Q q 0 0 0 rg BT 324.17 356.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 342.55 356.10 Td (on ) Tj ET Q q 0 0 0 rg BT 355.96 356.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 397.39 356.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 416.90 356.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.63 356.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 453.97 356.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.81 356.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 495.20 356.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 543.57 356.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 344.10 Td (payables; ) Tj ET Q q 0 0 0 rg BT 94.26 344.10 Td (in ) Tj ET Q q 0 0 0 rg BT 104.54 344.10 Td (particular) Tj ET Q q 0 0 0 rg BT 142.45 344.10 Td (, ) Tj ET Q q 0 0 0 rg BT 147.45 344.10 Td (these ) Tj ET Q q 0 0 0 rg BT 170.50 344.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 220.76 344.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 245.46 344.10 Td (to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 320.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 320.10 Td (T) Tj ET Q q 0 0 0 rg BT 95.01 320.10 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 144.18 320.10 Td (with ) Tj ET Q q 0 0 0 rg BT 163.91 320.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 182.61 320.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.11 320.10 Td (Gr) Tj ET Q q 0 0 0 rg BT 195.85 320.10 Td (oup ) Tj ET Q q 0 0 0 rg BT 213.35 320.10 Td (companies) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 296.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 296.10 Td (On ) Tj ET Q q 0 0 0 rg BT 122.10 296.10 Td (September ) Tj ET Q q 0 0 0 rg BT 166.74 296.10 Td (23, ) Tj ET Q q 0 0 0 rg BT 181.12 296.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 205.50 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.59 296.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 247.02 296.10 Td (signed ) Tj ET Q q 0 0 0 rg BT 275.00 296.10 Td (an ) Tj ET Q q 0 0 0 rg BT 286.32 296.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 329.84 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.49 296.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 355.26 296.10 Td (a ) Tj ET Q q 0 0 0 rg BT 361.57 296.10 Td (group ) Tj ET Q q 0 0 0 rg BT 386.78 296.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.99 296.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 422.20 296.10 Td (related ) Tj ET Q q 0 0 0 rg BT 451.28 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.93 296.10 Td (its ) Tj ET Q q 0 0 0 rg BT 472.26 296.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 518.02 296.10 Td (properties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 284.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.16 284.10 Td (Modena, ) Tj ET Q q 0 0 0 rg BT 155.82 284.10 Td (Italy) Tj ET Q q 0 0 0 rg BT 173.49 284.10 Td (, ) Tj ET Q q 0 0 0 rg BT 178.38 284.10 Td (to ) Tj ET Q q 0 0 0 rg BT 188.54 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.14 284.10 Td (tenant, ) Tj ET Q q 0 0 0 rg BT 232.46 284.10 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 269.83 284.10 Td (S.p.A.. ) Tj ET Q q 0 0 0 rg BT 299.99 284.10 Td ( ) Tj ET Q q 0 0 0 rg BT 302.21 284.10 Td (The ) Tj ET Q q 0 0 0 rg BT 320.14 284.10 Td (total ) Tj ET Q q 0 0 0 rg BT 340.29 284.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 358.23 284.10 Td (price ) Tj ET Q q 0 0 0 rg BT 380.60 284.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 394.64 284.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 442.00 284.10 Td (by ) Tj ET Q q 0 0 0 rg BT 454.39 284.10 Td (an ) Tj ET Q q 0 0 0 rg BT 466.21 284.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 517.47 284.10 Td (valuation\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 272.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 149.84 272.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.02 272.10 Td (37,130 ) Tj ET Q q 0 0 0 rg BT 194.92 272.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 233.44 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.28 272.10 Td (was ) Tj ET Q q 0 0 0 rg BT 268.23 272.10 Td (received ) Tj ET Q q 0 0 0 rg BT 304.50 272.10 Td (in ) Tj ET Q q 0 0 0 rg BT 314.68 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.30 272.10 Td (third ) Tj ET Q q 0 0 0 rg BT 350.59 272.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 381.31 272.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.05 272.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 416.42 272.10 Td (At ) Tj ET Q q 0 0 0 rg BT 428.82 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.44 272.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 489.72 272.10 Td (date ) Tj ET Q q 0 0 0 rg BT 508.78 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.40 272.10 Td (net ) Tj ET Q q 0 0 0 rg BT 538.02 272.10 Td (book ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 260.10 Td (value ) Tj ET Q q 0 0 0 rg BT 132.02 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.72 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.30 260.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 183.00 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.81 260.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 239.39 260.10 Td (disposed ) Tj ET Q q 0 0 0 rg BT 276.76 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.46 260.10 Td (was ) Tj ET Q q 0 0 0 rg BT 305.37 260.10 Td (31,328 ) Tj ET Q q 0 0 0 rg BT 340.24 260.10 Td (thousand. ) Tj ET Q q 0 0 0 rg BT 381.05 260.10 Td (The ) Tj ET Q q 0 0 0 rg BT 398.96 260.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 418.54 260.10 Td (on ) Tj ET Q q 0 0 0 rg BT 430.91 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.49 260.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 463.41 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.11 260.10 Td (5,802 ) Tj ET Q q 0 0 0 rg BT 503.97 260.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 542.45 260.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 248.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 145.48 248.10 Td (as ) Tj ET Q q 0 0 0 rg BT 156.31 248.10 Td (other ) Tj ET Q q 0 0 0 rg BT 179.35 248.10 Td (income;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 224.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.94 224.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 139.21 224.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.26 224.10 Td (engines ) Tj ET Q q 0 0 0 rg BT 181.53 224.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.69 224.10 Td (car ) Tj ET Q q 0 0 0 rg BT 211.62 224.10 Td (bodies ) Tj ET Q q 0 0 0 rg BT 239.45 224.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.95 224.10 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 285.66 224.10 Td (S.p.A. ) Tj ET Q q 0 0 0 rg BT 312.67 224.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.83 224.10 Td (Of) Tj ET Q q 0 0 0 rg BT 339.20 224.10 Td (ficine ) Tj ET Q q 0 0 0 rg BT 363.69 224.10 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 400.39 224.10 Td (Grugliasco ) Tj ET Q q 0 0 0 rg BT 445.99 224.10 Td (S.p.A. ) Tj ET Q q 0 0 0 rg BT 473.00 224.10 Td (\(together ) Tj ET Q q 0 0 0 rg BT 510.82 224.10 Td (Maserati\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 212.10 Td (which ) Tj ET Q q 0 0 0 rg BT 134.94 212.10 Td (are ) Tj ET Q q 0 0 0 rg BT 149.65 212.10 Td (controlled ) Tj ET Q q 0 0 0 rg BT 192.69 212.10 Td (by ) Tj ET Q q 0 0 0 rg BT 205.19 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.90 212.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 238.81 212.10 Td ( ) Tj ET Q q 0 0 0 rg BT 241.31 212.10 Td (Group;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 188.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.65 188.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 160.61 188.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.37 188.10 Td (engines ) Tj ET Q q 0 0 0 rg BT 204.34 188.10 Td (components ) Tj ET Q q 0 0 0 rg BT 255.10 188.10 Td (for ) Tj ET Q q 0 0 0 rg BT 269.19 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.83 188.10 Td (use ) Tj ET Q q 0 0 0 rg BT 299.59 188.10 Td (in ) Tj ET Q q 0 0 0 rg BT 309.80 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.44 188.10 Td (production ) Tj ET Q q 0 0 0 rg BT 370.19 188.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.95 188.10 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 418.37 188.10 Td (engines ) Tj ET Q q 0 0 0 rg BT 451.34 188.10 Td (from ) Tj ET Q q 0 0 0 rg BT 473.21 188.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 492.11 188.10 Td ( ) Tj ET Q q 0 0 0 rg BT 494.54 188.10 Td (US ) Tj ET Q q 0 0 0 rg BT 509.75 188.10 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 533.56 188.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 176.10 Td (is ) Tj ET Q q 0 0 0 rg BT 117.17 176.10 Td (controlled ) Tj ET Q q 0 0 0 rg BT 160.21 176.10 Td (by ) Tj ET Q q 0 0 0 rg BT 172.71 176.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 191.61 176.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.11 176.10 Td (Group;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 152.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.09 152.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 161.50 152.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.70 152.10 Td (automotive ) Tj ET Q q 0 0 0 rg BT 220.56 152.10 Td (lighting ) Tj ET Q q 0 0 0 rg BT 254.54 152.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.85 152.10 Td (automotive ) Tj ET Q q 0 0 0 rg BT 319.71 152.10 Td (components ) Tj ET Q q 0 0 0 rg BT 370.91 152.10 Td (from ) Tj ET Q q 0 0 0 rg BT 393.22 152.10 Td (Magneti ) Tj ET Q q 0 0 0 rg BT 429.42 152.10 Td (Marelli ) Tj ET Q q 0 0 0 rg BT 461.72 152.10 Td (S.p.A., ) Tj ET Q q 0 0 0 rg BT 492.38 152.10 Td (Magneti ) Tj ET Q q 0 0 0 rg BT 528.57 152.10 Td (Marelli ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 140.10 Td (Espana ) Tj ET Q q 0 0 0 rg BT 139.63 140.10 Td (S.A. ) Tj ET Q q 0 0 0 rg BT 160.16 140.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.75 140.10 Td (Automotive ) Tj ET Q q 0 0 0 rg BT 227.27 140.10 Td (Lighting ) Tj ET Q q 0 0 0 rg BT 264.47 140.10 Td (Italia ) Tj ET Q q 0 0 0 rg BT 287.76 140.10 Td (S.p.A. ) Tj ET Q q 0 0 0 rg BT 315.79 140.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 346.31 140.10 Td (form ) Tj ET Q q 0 0 0 rg BT 368.50 140.10 Td (part ) Tj ET Q q 0 0 0 rg BT 386.80 140.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.88 140.10 Td (Magneti ) Tj ET Q q 0 0 0 rg BT 438.40 140.10 Td (Marelli\), ) Tj ET Q q 0 0 0 rg BT 480.85 140.10 Td (which ) Tj ET Q q 0 0 0 rg BT 508.04 140.10 Td (is ) Tj ET Q q 0 0 0 rg BT 517.46 140.10 Td (controlled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 128.10 Td (by ) Tj ET Q q 0 0 0 rg BT 120.50 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.22 128.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 154.12 128.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.62 128.10 Td (Group;) Tj ET Q endstream endobj 109 0 obj <> endobj 110 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.85 760.75 Td (FERRARI N.V) Tj ET Q q 0 0 0 rg BT 336.56 760.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.20 748.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 143.42 748.75 Td (T) Tj ET Q q 0 0 0 rg BT 149.91 748.75 Td (O ) Tj ET Q q 0 0 0 rg BT 160.01 748.75 Td (THE INTERIM CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 356.24 748.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 435.42 748.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 449.41 748.75 Td (A) Tj ET Q q 0 0 0 rg BT 455.89 748.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 736.75 Td (\(Unaudited\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 713.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 713.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 157.66 713.10 Td (with ) Tj ET Q q 0 0 0 rg BT 177.33 713.10 Td (other ) Tj ET Q q 0 0 0 rg BT 199.77 713.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 218.67 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 220.57 713.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 248.01 713.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 295.17 713.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 324.84 713.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 357.28 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 366.95 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.06 713.10 Td (services ) Tj ET Q q 0 0 0 rg BT 415.16 713.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 452.60 713.10 Td (by ) Tj ET Q q 0 0 0 rg BT 464.50 713.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 483.40 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 485.29 713.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 512.74 713.10 Td (companies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 701.10 Td (including ) Tj ET Q q 0 0 0 rg BT 148.91 701.10 Td (human ) Tj ET Q q 0 0 0 rg BT 179.27 701.10 Td (resources, ) Tj ET Q q 0 0 0 rg BT 222.67 701.10 Td (payroll, ) Tj ET Q q 0 0 0 rg BT 256.63 701.10 Td (tax, ) Tj ET Q q 0 0 0 rg BT 274.48 701.10 Td (customs, ) Tj ET Q q 0 0 0 rg BT 312.90 701.10 Td (procurement ) Tj ET Q q 0 0 0 rg BT 366.57 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.04 701.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 419.50 701.10 Td (coverage, ) Tj ET Q q 0 0 0 rg BT 461.22 701.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 508.23 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.81 701.10 Td (treasury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 689.10 Td (services ) Tj ET Q q 0 0 0 rg BT 142.71 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.65 689.10 Td (sponsorship ) Tj ET Q q 0 0 0 rg BT 209.93 689.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 247.97 689.10 Td (for ) Tj ET Q q 0 0 0 rg BT 262.13 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.84 689.10 Td (display ) Tj ET Q q 0 0 0 rg BT 308.23 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.06 689.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 337.96 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 340.46 689.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 368.51 689.10 Td (company ) Tj ET Q q 0 0 0 rg BT 407.67 689.10 Td (logos ) Tj ET Q q 0 0 0 rg BT 431.84 689.10 Td (on ) Tj ET Q q 0 0 0 rg BT 444.34 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.05 689.10 Td (Formula ) Tj ET Q q 0 0 0 rg BT 495.44 689.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 502.94 689.10 Td (cars.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 677.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 665.10 Td (The ) Tj ET Q q 0 0 0 rg BT 72.05 665.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 100.10 665.10 Td (also ) Tj ET Q q 0 0 0 rg BT 118.71 665.10 Td (has ) Tj ET Q q 0 0 0 rg BT 134.54 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.25 665.10 Td (following ) Tj ET Q q 0 0 0 rg BT 190.64 665.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 228.12 665.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 278.38 665.10 Td (with ) Tj ET Q q 0 0 0 rg BT 298.66 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.38 665.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 332.28 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 334.78 665.10 Td (Group:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 641.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.07 641.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 151.47 641.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 172.11 641.10 Td (a ) Tj ET Q q 0 0 0 rg BT 179.40 641.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 211.14 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 222.32 641.10 Td (its ) Tj ET Q q 0 0 0 rg BT 234.62 641.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 257.46 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.75 641.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 312.58 641.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 360.41 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 371.04 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.11 641.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 405.01 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 407.86 641.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 431.83 641.10 Td (Group, ) Tj ET Q q 0 0 0 rg BT 462.73 641.10 Td (which ) Tj ET Q q 0 0 0 rg BT 490.02 641.10 Td (is ) Tj ET Q q 0 0 0 rg BT 499.54 641.10 Td (a ) Tj ET Q q 0 0 0 rg BT 506.84 641.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 528.02 641.10 Td (venture ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 629.10 Td (between ) Tj ET Q q 0 0 0 rg BT 142.99 629.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 161.89 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.57 629.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 190.80 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.91 629.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 233.21 629.10 Td (Agricole, ) Tj ET Q q 0 0 0 rg BT 272.38 629.10 Td (on ) Tj ET Q q 0 0 0 rg BT 284.05 629.10 Td (derecognition ) Tj ET Q q 0 0 0 rg BT 340.71 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.71 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.61 629.10 Td (asset, ) Tj ET Q q 0 0 0 rg BT 388.22 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.12 629.10 Td (dif) Tj ET Q q 0 0 0 rg BT 413.04 629.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 444.13 629.10 Td (between ) Tj ET Q q 0 0 0 rg BT 479.13 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.02 629.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 528.01 629.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.94 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.66 617.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 196.03 617.10 Td (received ) Tj ET Q q 0 0 0 rg BT 232.39 617.10 Td (or ) Tj ET Q q 0 0 0 rg BT 243.22 617.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 286.80 617.10 Td (is ) Tj ET Q q 0 0 0 rg BT 295.97 617.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 342.33 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 352.61 617.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 371.22 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.05 617.10 Td (sales;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 593.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 593.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 139.80 593.10 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 171.61 593.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 213.98 593.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 261.34 593.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 290.94 593.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 333.30 593.10 Td (from ) Tj ET Q q 0 0 0 rg BT 357.34 593.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 376.25 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 380.85 593.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 411.00 593.10 Td (companies. ) Tj ET Q q 0 0 0 rg BT 460.87 593.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 484.91 593.10 Td (from ) Tj ET Q q 0 0 0 rg BT 508.95 593.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 527.85 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 532.45 593.10 Td (Group ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 581.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 153.26 581.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 177.97 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 188.24 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.96 581.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 239.35 581.10 Td (owed ) Tj ET Q q 0 0 0 rg BT 263.51 581.10 Td (under ) Tj ET Q q 0 0 0 rg BT 288.78 581.10 Td (such ) Tj ET Q q 0 0 0 rg BT 309.61 581.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 346.54 581.10 Td (at ) Tj ET Q q 0 0 0 rg BT 356.25 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.97 581.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 394.02 581.10 Td (presented. ) Tj ET Q q 0 0 0 rg BT 437.33 581.10 Td (See ) Tj ET Q q 0 0 0 rg BT 454.27 581.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 476.21 581.10 Td (21;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 557.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 557.10 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 137.96 557.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 166.25 557.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 211.77 557.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 256.71 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 267.24 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.20 557.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 301.10 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 303.85 557.10 Td (group-wide ) Tj ET Q q 0 0 0 rg BT 352.70 557.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 373.22 557.10 Td (management ) Tj ET Q q 0 0 0 rg BT 427.05 557.10 Td (system ) Tj ET Q q 0 0 0 rg BT 457.58 557.10 Td (where ) Tj ET Q q 0 0 0 rg BT 484.76 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.72 557.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 540.23 557.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 545.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 163.21 545.10 Td (main ) Tj ET Q q 0 0 0 rg BT 184.82 545.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 217.55 545.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 260.82 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.87 545.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 312.38 545.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 357.88 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.83 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.67 545.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 408.83 545.10 Td (are ) Tj ET Q q 0 0 0 rg BT 422.66 545.10 Td (centrally ) Tj ET Q q 0 0 0 rg BT 459.26 545.10 Td (coordinated ) Tj ET Q q 0 0 0 rg BT 508.08 545.10 Td (by ) Tj ET Q q 0 0 0 rg BT 519.70 545.10 Td (dedicated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 533.10 Td (treasury ) Tj ET Q q 0 0 0 rg BT 143.45 533.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 189.46 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.04 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.50 533.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 235.40 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 238.65 533.10 Td (Group. ) Tj ET Q q 0 0 0 rg BT 269.95 533.10 Td (Deposits ) Tj ET Q q 0 0 0 rg BT 308.19 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 319.22 533.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 338.12 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 341.37 533.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 370.16 533.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 391.18 533.10 Td (management ) Tj ET Q q 0 0 0 rg BT 445.51 533.10 Td (pools ) Tj ET Q q 0 0 0 rg BT 470.43 533.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 510.32 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.78 533.10 Td (Group) Tj ET Q q 0 0 0 rg BT 554.11 533.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 521.10 Td (participation ) Tj ET Q q 0 0 0 rg BT 162.48 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.20 521.10 Td (such ) Tj ET Q q 0 0 0 rg BT 196.47 521.10 Td (pools. ) Tj ET Q q 0 0 0 rg BT 224.58 521.10 Td (Deposits ) Tj ET Q q 0 0 0 rg BT 263.52 521.10 Td (with ) Tj ET Q q 0 0 0 rg BT 285.24 521.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 304.14 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 308.08 521.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 337.57 521.10 Td (earn ) Tj ET Q q 0 0 0 rg BT 358.72 521.10 Td (EURIBOR ) Tj ET Q q 0 0 0 rg BT 406.55 521.10 Td (+15bps. ) Tj ET Q q 0 0 0 rg BT 442.53 521.10 Td (See ) Tj ET Q q 0 0 0 rg BT 460.91 521.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 484.29 521.10 Td (17. ) Tj ET Q q 0 0 0 rg BT 500.73 521.10 Td (Following ) Tj ET Q q 0 0 0 rg BT 545.79 521.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 509.10 Td (Separation, ) Tj ET Q q 0 0 0 rg BT 156.28 509.10 Td (these ) Tj ET Q q 0 0 0 rg BT 179.84 509.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 236.71 509.10 Td (will ) Tj ET Q q 0 0 0 rg BT 255.28 509.10 Td (be ) Tj ET Q q 0 0 0 rg BT 267.73 509.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 313.50 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 330.95 509.10 Td (we ) Tj ET Q q 0 0 0 rg BT 345.63 509.10 Td (will ) Tj ET Q q 0 0 0 rg BT 364.20 509.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 398.30 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 414.65 509.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 451.55 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.00 509.10 Td (treasury ) Tj ET Q q 0 0 0 rg BT 504.22 509.10 Td (function ) Tj ET Q q 0 0 0 rg BT 540.56 509.10 Td (on ) Tj ET Q q 0 0 0 rg BT 553.57 509.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 497.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 153.26 497.10 Td (basis;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 473.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.97 473.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 151.27 473.10 Td (has ) Tj ET Q q 0 0 0 rg BT 167.35 473.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 210.63 473.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 233.37 473.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 281.09 473.10 Td (from ) Tj ET Q q 0 0 0 rg BT 303.27 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.24 473.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 337.14 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.89 473.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 368.19 473.10 Td (on ) Tj ET Q q 0 0 0 rg BT 380.94 473.10 Td (a ) Tj ET Q q 0 0 0 rg BT 388.13 473.10 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 443.07 473.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 468.12 473.10 Td (The ) Tj ET Q q 0 0 0 rg BT 486.42 473.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 518.60 473.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 548.00 473.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 461.10 Td (such ) Tj ET Q q 0 0 0 rg BT 128.83 461.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 176.30 461.10 Td (is ) Tj ET Q q 0 0 0 rg BT 185.47 461.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 222.95 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.22 461.10 Td (net ) Tj ET Q q 0 0 0 rg BT 247.94 461.10 Td (revenues;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 437.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.16 437.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 149.66 437.10 Td (had ) Tj ET Q q 0 0 0 rg BT 166.04 437.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 202.97 437.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 249.88 437.10 Td (with ) Tj ET Q q 0 0 0 rg BT 269.61 437.10 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 306.54 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 322.49 437.10 Td (Automotive ) Tj ET Q q 0 0 0 rg BT 372.21 437.10 Td (Lighting ) Tj ET Q q 0 0 0 rg BT 408.60 437.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 429.43 437.10 Td (\(Automotive ) Tj ET Q q 0 0 0 rg BT 486.91 437.10 Td (Lighting\), ) Tj ET Q q 0 0 0 rg BT 533.57 437.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 425.10 Td (at ) Tj ET Q q 0 0 0 rg BT 117.72 425.10 Td (December ) Tj ET Q q 0 0 0 rg BT 161.30 425.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 176.30 425.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 201.30 425.10 Td (were ) Tj ET Q q 0 0 0 rg BT 223.23 425.10 Td (settled ) Tj ET Q q 0 0 0 rg BT 251.83 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 262.11 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.83 425.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 313.21 425.10 Td (course ) Tj ET Q q 0 0 0 rg BT 341.80 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.63 425.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 391.53 425.10 Td (See ) Tj ET Q q 0 0 0 rg BT 408.46 425.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 430.40 425.10 Td (17.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 413.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 401.10 Td (T) Tj ET Q q 0 0 0 rg BT 95.01 401.10 Td (ransactions with Exor Gr) Tj ET Q q 0 0 0 rg BT 196.59 401.10 Td (oup companies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 377.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.90 377.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 151.13 377.10 Td (incurs ) Tj ET Q q 0 0 0 rg BT 178.25 377.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 203.70 377.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 226.38 377.10 Td (from ) Tj ET Q q 0 0 0 rg BT 248.50 377.10 Td (Iveco ) Tj ET Q q 0 0 0 rg BT 273.39 377.10 Td (Finanziaria ) Tj ET Q q 0 0 0 rg BT 321.05 377.10 Td (S.p.A. ) Tj ET Q q 0 0 0 rg BT 349.02 377.10 Td (related ) Tj ET Q q 0 0 0 rg BT 378.90 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.36 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.26 377.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 429.71 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.72 377.10 Td (trucks ) Tj ET Q q 0 0 0 rg BT 467.84 377.10 Td (used ) Tj ET Q q 0 0 0 rg BT 488.85 377.10 Td (by ) Tj ET Q q 0 0 0 rg BT 501.54 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.43 377.10 Td (Formula ) Tj ET Q q 0 0 0 rg BT 553.00 377.10 Td (1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 365.10 Td (racing ) Tj ET Q q 0 0 0 rg BT 135.49 365.10 Td (team;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 338.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 338.70 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 338.70 Td (Group ) Tj ET Q q 0 0 0 rg BT 150.77 338.70 Td (earns ) Tj ET Q q 0 0 0 rg BT 174.37 338.70 Td (sponsorship ) Tj ET Q q 0 0 0 rg BT 224.65 338.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 258.80 338.70 Td (from ) Tj ET Q q 0 0 0 rg BT 280.73 338.70 Td (Iveco ) Tj ET Q q 0 0 0 rg BT 305.44 338.70 Td (S.p.A) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 328.22 338.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 326.70 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 314.70 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 314.70 Td (T) Tj ET Q q 0 0 0 rg BT 95.01 314.70 Td (ransactions with other r) Tj ET Q q 0 0 0 rg BT 191.04 314.70 Td (elated parties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 290.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 290.70 Td (the ) Tj ET Q q 0 0 0 rg BT 122.68 290.70 Td (purchase ) Tj ET Q q 0 0 0 rg BT 160.68 290.70 Td (of ) Tj ET Q q 0 0 0 rg BT 171.48 290.70 Td (leather ) Tj ET Q q 0 0 0 rg BT 201.15 290.70 Td (goods ) Tj ET Q q 0 0 0 rg BT 227.50 290.70 Td (from ) Tj ET Q q 0 0 0 rg BT 249.41 290.70 Td (Poltrona ) Tj ET Q q 0 0 0 rg BT 285.76 290.70 Td (Frau ) Tj ET Q q 0 0 0 rg BT 306.55 290.70 Td (S.p.A. ) Tj ET Q q 0 0 0 rg BT 334.30 290.70 Td (\(Poltrona ) Tj ET Q q 0 0 0 rg BT 378.42 290.70 Td (Frau\). ) Tj ET Q q 0 0 0 rg BT 409.31 290.70 Td (The ) Tj ET Q q 0 0 0 rg BT 427.32 290.70 Td (former ) Tj ET Q q 0 0 0 rg BT 456.99 290.70 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 498.89 290.70 Td (had ) Tj ET Q q 0 0 0 rg BT 515.79 290.70 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 278.70 Td (influence ) Tj ET Q q 0 0 0 rg BT 147.70 278.70 Td (over ) Tj ET Q q 0 0 0 rg BT 167.97 278.70 Td (Poltrona ) Tj ET Q q 0 0 0 rg BT 204.36 278.70 Td (Frau ) Tj ET Q q 0 0 0 rg BT 225.19 278.70 Td (until ) Tj ET Q q 0 0 0 rg BT 246.02 278.70 Td (March ) Tj ET Q q 0 0 0 rg BT 274.62 278.70 Td (25, ) Tj ET Q q 0 0 0 rg BT 289.62 278.70 Td (2014 ) Tj ET Q q 0 0 0 rg BT 312.12 278.70 Td (when ) Tj ET Q q 0 0 0 rg BT 336.28 278.70 Td (he ) Tj ET Q q 0 0 0 rg BT 348.22 278.70 Td (sold ) Tj ET Q q 0 0 0 rg BT 367.39 278.70 Td (his ) Tj ET Q q 0 0 0 rg BT 381.56 278.70 Td (interest;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 254.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 254.70 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 254.70 Td (purchase ) Tj ET Q q 0 0 0 rg BT 160.75 254.70 Td (of ) Tj ET Q q 0 0 0 rg BT 171.58 254.70 Td (components ) Tj ET Q q 0 0 0 rg BT 222.41 254.70 Td (for ) Tj ET Q q 0 0 0 rg BT 236.57 254.70 Td (Formula ) Tj ET Q q 0 0 0 rg BT 272.96 254.70 Td (1 ) Tj ET Q q 0 0 0 rg BT 280.46 254.70 Td (racing ) Tj ET Q q 0 0 0 rg BT 307.94 254.70 Td (cars ) Tj ET Q q 0 0 0 rg BT 326.54 254.70 Td (from ) Tj ET Q q 0 0 0 rg BT 348.48 254.70 Td (COXA) Tj ET Q q 0 0 0 rg BT 376.26 254.70 Td ( ) Tj ET Q q 0 0 0 rg BT 378.76 254.70 Td (S.p.A., ) Tj ET Q q 0 0 0 rg BT 409.04 254.70 Td (controlled ) Tj ET Q q 0 0 0 rg BT 452.09 254.70 Td (by ) Tj ET Q q 0 0 0 rg BT 464.59 254.70 Td (Piero ) Tj ET Q q 0 0 0 rg BT 488.20 254.70 Td (Ferrari; ) Tj ET Q q 0 0 0 rg BT 520.68 254.70 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 230.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 230.70 Td (consultancy ) Tj ET Q q 0 0 0 rg BT 158.26 230.70 Td (services ) Tj ET Q q 0 0 0 rg BT 192.97 230.70 Td (provided ) Tj ET Q q 0 0 0 rg BT 231.02 230.70 Td (by ) Tj ET Q q 0 0 0 rg BT 243.52 230.70 Td (HPE ) Tj ET Q q 0 0 0 rg BT 264.91 230.70 Td (S.r) Tj ET Q q 0 0 0 rg BT 275.75 230.70 Td (.l., ) Tj ET Q q 0 0 0 rg BT 288.53 230.70 Td (controlled ) Tj ET Q q 0 0 0 rg BT 331.57 230.70 Td (by ) Tj ET Q q 0 0 0 rg BT 344.07 230.70 Td (Piero ) Tj ET Q q 0 0 0 rg BT 367.68 230.70 Td (Ferrari.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 218.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 206.70 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 206.70 Td (In ) Tj ET Q q 0 0 0 rg BT 100.50 206.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 147.64 206.70 Td (with ) Tj ET Q q 0 0 0 rg BT 167.59 206.70 Td (IAS ) Tj ET Q q 0 0 0 rg BT 185.87 206.70 Td (24, ) Tj ET Q q 0 0 0 rg BT 200.55 206.70 Td (transactions ) Tj ET Q q 0 0 0 rg BT 250.48 206.70 Td (with ) Tj ET Q q 0 0 0 rg BT 270.43 206.70 Td (related ) Tj ET Q q 0 0 0 rg BT 299.81 206.70 Td (parties ) Tj ET Q q 0 0 0 rg BT 328.64 206.70 Td (also ) Tj ET Q q 0 0 0 rg BT 346.92 206.70 Td (include ) Tj ET Q q 0 0 0 rg BT 378.53 206.70 Td (compensation ) Tj ET Q q 0 0 0 rg BT 436.24 206.70 Td (payable ) Tj ET Q q 0 0 0 rg BT 469.51 206.70 Td (to ) Tj ET Q q 0 0 0 rg BT 479.46 206.70 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 521.34 206.70 Td (Statutory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 194.70 Td (Auditors ) Tj ET Q q 0 0 0 rg BT 91.50 194.70 Td (and ) Tj ET Q q 0 0 0 rg BT 108.44 194.70 Td (managers ) Tj ET Q q 0 0 0 rg BT 149.25 194.70 Td (with ) Tj ET Q q 0 0 0 rg BT 169.53 194.70 Td (strategic ) Tj ET Q q 0 0 0 rg BT 205.90 194.70 Td (responsibilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 182.70 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 182.70 Td (The ) Tj ET Q q 0 0 0 rg BT 108.05 182.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 144.43 182.70 Td (of ) Tj ET Q q 0 0 0 rg BT 155.26 182.70 Td (the ) Tj ET Q q 0 0 0 rg BT 169.98 182.70 Td (transactions ) Tj ET Q q 0 0 0 rg BT 220.24 182.70 Td (with ) Tj ET Q q 0 0 0 rg BT 240.52 182.70 Td (related ) Tj ET Q q 0 0 0 rg BT 270.22 182.70 Td (parties ) Tj ET Q q 0 0 0 rg BT 299.38 182.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 345.74 182.70 Td (in ) Tj ET Q q 0 0 0 rg BT 356.02 182.70 Td (the ) Tj ET Q q 0 0 0 rg BT 370.74 182.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 423.78 182.70 Td (income ) Tj ET Q q 0 0 0 rg BT 455.71 182.70 Td (statement ) Tj ET Q q 0 0 0 rg BT 496.53 182.70 Td (are ) Tj ET Q q 0 0 0 rg BT 511.24 182.70 Td (as ) Tj ET Q q 0 0 0 rg BT 522.07 182.70 Td (follows:) Tj ET Q endstream endobj 111 0 obj <> endobj 112 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.85 760.75 Td (FERRARI N.V) Tj ET Q q 0 0 0 rg BT 336.56 760.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.20 748.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 143.42 748.75 Td (T) Tj ET Q q 0 0 0 rg BT 149.91 748.75 Td (O ) Tj ET Q q 0 0 0 rg BT 160.01 748.75 Td (THE INTERIM CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 356.24 748.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 435.42 748.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 449.41 748.75 Td (A) Tj ET Q q 0 0 0 rg BT 455.89 748.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 736.75 Td (\(Unaudited\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-52) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 646.50 172.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 646.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 646.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 646.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 646.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 646.50 56.00 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 618.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 618.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 618.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 618.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 618.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 590.50 172.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 590.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 590.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 590.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 590.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 590.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 590.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 590.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 590.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 590.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 590.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 590.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 562.50 172.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 562.50 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 562.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 562.50 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 562.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 562.50 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 562.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 562.50 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 562.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 562.50 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 562.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 562.50 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 525.50 172.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 525.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 525.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 525.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 525.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 525.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 525.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 525.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 525.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 525.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 525.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 525.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 498.50 172.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 498.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 498.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 498.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 498.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 498.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 498.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 498.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 498.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 498.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 498.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 498.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 470.50 172.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 470.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 470.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 470.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 470.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 470.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 470.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 470.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 470.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 470.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 470.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 470.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 442.50 172.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 442.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 442.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 442.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 442.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 442.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 442.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 442.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 442.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 442.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 442.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 442.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 414.50 172.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 414.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 414.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 414.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 414.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 414.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 414.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 414.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 414.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 414.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 414.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 414.50 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 705.5 m 273.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 705.5 m 277.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 705.5 m 329.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 705.5 m 333.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 705.5 m 389.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 705.5 m 393.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 705.5 m 441.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 705.5 m 445.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 705.5 m 497.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 705.5 m 501.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 705.5 m 557.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 705.5 m 273.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 691.5 m 273.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 705.5 m 277.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 691.5 m 277.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 705.5 m 329.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 691.5 m 329.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 705.5 m 333.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 691.5 m 333.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 705.5 m 389.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 691.5 m 389.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 705.5 m 441.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 691.5 m 441.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 705.5 m 445.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 691.5 m 445.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 705.5 m 497.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 691.5 m 497.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 705.5 m 501.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 691.5 m 501.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 705.5 m 557.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 691.5 m 557.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 659.5 m 273.5 659.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 659.5 m 329.5 659.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 659.5 m 389.5 659.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 659.5 m 441.5 659.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 659.5 m 497.5 659.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 659.5 m 557.5 659.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 576.5 m 273.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 562.5 m 273.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 576.5 m 329.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 562.5 m 329.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 576.5 m 389.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 562.5 m 389.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 576.5 m 441.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 562.5 m 441.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 576.5 m 497.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 562.5 m 497.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 576.5 m 557.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 562.5 m 557.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 525.5 m 273.5 525.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 511.5 m 273.5 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 525.5 m 329.5 525.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 511.5 m 329.5 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 525.5 m 389.5 525.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 511.5 m 389.5 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 525.5 m 441.5 525.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 511.5 m 441.5 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 525.5 m 497.5 525.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 511.5 m 497.5 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 525.5 m 557.5 525.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 511.5 m 557.5 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 428.5 m 273.5 428.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 428.5 m 329.5 428.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 428.5 m 389.5 428.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 428.5 m 441.5 428.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 428.5 m 497.5 428.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 428.5 m 557.5 428.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 414.5 m 273.5 414.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 414.5 m 329.5 414.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 414.5 m 389.5 414.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 414.5 m 441.5 414.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 414.5 m 497.5 414.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 414.5 m 557.5 414.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 400.5 m 273.5 400.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 387.5 m 273.5 387.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 385.5 m 273.5 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 400.5 m 329.5 400.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 387.5 m 329.5 387.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 385.5 m 329.5 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 400.5 m 389.5 400.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 387.5 m 389.5 387.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 385.5 m 389.5 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 400.5 m 441.5 400.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 387.5 m 441.5 387.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 385.5 m 441.5 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 400.5 m 497.5 400.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 387.5 m 497.5 387.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 385.5 m 497.5 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 400.5 m 557.5 400.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 387.5 m 557.5 387.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 385.5 m 557.5 385.5 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 313.00 709.95 Td (For the nine months ended September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.00 695.95 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.00 695.95 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 242.25 672.95 Td (Net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 232.05 663.95 Td (revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 289.70 663.95 Td (Cost ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 309.45 668.03 Td (\(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 342.95 681.95 Td (Financial) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.00 672.95 Td (income/) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.25 663.95 Td (\(expenses\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.25 672.95 Td (Net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.05 663.95 Td (revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.70 663.95 Td (Cost ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 477.45 668.03 Td (\(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.95 681.95 Td (Financial) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.00 672.95 Td (income/) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 509.25 663.95 Td (\(expenses\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.85 650.75 Td (\( thousand\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 56.00 636.95 Td (FCA Group Companies) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 622.96 Td (Maserati) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 240.75 622.96 Td (142,183) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.75 622.96 Td (1,899) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.00 622.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.75 622.96 Td (189,694) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.75 622.96 Td (1,598) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 622.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 608.96 Td (FCA US LLC) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.50 608.96 Td (540) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.25 608.96 Td (15,738) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.00 608.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.00 608.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 608.96 Td (21,125) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 608.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 594.96 Td (Magneti Marelli) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.75 594.96 Td (1,152) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.25 594.96 Td (22,825) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.00 594.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.50 594.96 Td (777) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 594.96 Td (16,058) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 594.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 580.96 Td (Other FCA Group Companies) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.75 580.96 Td (4,819) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.25 580.96 Td (34,482) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 358.25 580.96 Td (\(13,629) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.00 580.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.75 580.96 Td (4,148) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 580.96 Td (32,729) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 580.96 Td (5,930) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 566.95 Td (Total FCA Group Companies) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 240.75 566.95 Td (148,694) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.25 566.95 Td (74,944) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.25 566.95 Td (\(13,629) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 386.00 566.95 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 408.75 566.95 Td (194,619) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.25 566.95 Td (71,510) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.75 566.95 Td (5,930) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 56.00 538.95 Td (Exor Group companies \(excluding the FCA) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 56.00 529.95 Td (Group\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 515.96 Td (Exor Group companies) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.50 515.96 Td (275) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 515.96 Td (264) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.50 515.96 Td (206) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 515.96 Td (600) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 515.96 Td () Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 56.00 488.95 Td (Other related parties) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 474.96 Td (Poltrona Frau) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.00 474.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.00 474.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.00 474.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.00 474.96 Td (57) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 474.96 Td (14,822) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 474.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 460.96 Td (COXA S.p.A.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.50 460.96 Td (161) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.75 460.96 Td (5,354) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.00 460.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.50 460.96 Td (142) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.75 460.96 Td (6,802) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 460.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 446.96 Td (HPE S.r.l.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.00 446.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.75 446.96 Td (2,059) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.00 446.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.00 446.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.75 446.96 Td (2,134) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 446.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 432.96 Td (Other related parties) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.00 432.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.00 432.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.00 432.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.00 432.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 432.96 Td (64) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 432.96 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 418.95 Td (Total other related parties) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 256.50 418.95 Td (161) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.75 418.95 Td (7,413) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 377.00 418.95 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.50 418.95 Td (199) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.25 418.95 Td (23,822) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.00 418.95 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 404.95 Td (Total transactions with related parties) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 240.75 404.95 Td (149,130) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.25 404.95 Td (82,621) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.25 404.95 Td (\(13,629) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 386.00 404.95 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 408.75 404.95 Td (195,024) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.25 404.95 Td (95,932) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.75 404.95 Td (5,930) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 390.95 Td (Total for the Group) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 234.00 390.95 Td (2,109,883) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 290.00 390.95 Td (1,326,308) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.75 390.95 Td (\(5,408) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 386.00 390.95 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 402.00 390.95 Td (2,011,091) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.00 390.95 Td (1,122,715) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.75 390.95 Td (6,427) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 375.00 Td (______________________________) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 365.40 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 72.00 365.40 Td (Costs include cost of sales and selling, general and administrative costs.) Tj ET Q endstream endobj 113 0 obj <> endobj 114 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.85 760.75 Td (FERRARI N.V) Tj ET Q q 0 0 0 rg BT 336.56 760.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.20 748.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 143.42 748.75 Td (T) Tj ET Q q 0 0 0 rg BT 149.91 748.75 Td (O ) Tj ET Q q 0 0 0 rg BT 160.01 748.75 Td (THE INTERIM CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 356.24 748.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 435.42 748.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 449.41 748.75 Td (A) Tj ET Q q 0 0 0 rg BT 455.89 748.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 736.75 Td (\(Unaudited\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 713.10 Td (Non-financial ) Tj ET Q q 0 0 0 rg BT 148.03 713.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 173.86 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 190.80 713.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 230.52 713.10 Td (originating ) Tj ET Q q 0 0 0 rg BT 276.90 713.10 Td (from ) Tj ET Q q 0 0 0 rg BT 298.84 713.10 Td (related ) Tj ET Q q 0 0 0 rg BT 328.54 713.10 Td (party ) Tj ET Q q 0 0 0 rg BT 351.59 713.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 401.85 713.10 Td (are ) Tj ET Q q 0 0 0 rg BT 416.56 713.10 Td (as ) Tj ET Q q 0 0 0 rg BT 427.39 713.10 Td (follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 631.60 106.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 159.50 631.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 631.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 631.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 631.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 631.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 631.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 631.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 631.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 631.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 631.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 631.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 631.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 631.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 631.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 631.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 603.60 106.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 159.50 603.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 603.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 603.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 603.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 603.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 603.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 603.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 603.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 603.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 603.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 603.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 603.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 603.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 603.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 603.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 575.60 106.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 159.50 575.60 50.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 575.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 575.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 575.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 575.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 575.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 575.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 575.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 575.60 50.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 575.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 575.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 575.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 575.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 575.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 575.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 529.60 106.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 159.50 529.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 529.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 529.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 529.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 529.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 529.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 529.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 529.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 529.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 529.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 529.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 529.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 529.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 529.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 529.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 484.60 106.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 159.50 484.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 484.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 484.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 484.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 484.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 484.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 484.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 484.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 484.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 484.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 484.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 484.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 484.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 484.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 484.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 457.60 106.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 159.50 457.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 457.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 457.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 457.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 457.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 457.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 457.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 457.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 457.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 457.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 457.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 457.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 457.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 457.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 457.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 429.60 106.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 159.50 429.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 429.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 429.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 429.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 429.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 429.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 429.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 429.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 429.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 429.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 429.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 429.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 429.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 429.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 429.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 401.60 106.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 159.50 401.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 401.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 401.60 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0.9333333333333333 1 rg /GS0 gs 508.50 364.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 364.60 45.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 159.5 676.6 m 209.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 676.6 m 213.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 676.6 m 258.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 676.6 m 262.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 676.6 m 307.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 676.6 m 311.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 676.6 m 356.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 676.6 m 410.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 676.6 m 414.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 676.6 m 459.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 676.6 m 463.5 676.6 l s 0 0 0 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RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 484.6 m 508.5 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 470.6 m 508.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 484.6 m 557.5 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 470.6 m 557.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 159.5 387.6 m 209.5 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 387.6 m 258.5 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 387.6 m 307.5 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 387.6 m 356.5 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 387.6 m 410.5 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 387.6 m 459.5 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 387.6 m 508.5 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 387.6 m 557.5 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 159.5 364.6 m 209.5 364.6 l s 0 0 0 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181.25 608.06 Td (39,190) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 234.75 608.06 Td (4,437) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.00 608.06 Td (18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.25 608.06 Td (35,781) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.25 608.06 Td (68,224) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 608.06 Td (5,368) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 608.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 608.06 Td (50,736) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 594.06 Td (FCA US LLC) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 185.75 594.06 Td (1,660) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 234.75 594.06 Td (3,343) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.00 594.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.00 594.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.75 594.06 Td (1,062) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 594.06 Td (8,250) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 594.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 594.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 580.06 Td (Magneti Marelli) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.50 580.06 Td (862) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 234.75 580.06 Td (4,116) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.00 580.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.00 580.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.50 580.06 Td (516) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 580.06 Td (6,239) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 580.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 580.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 566.06 Td (Other FCA Group) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 557.06 Td (Companies) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 201.50 557.06 Td (7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 234.75 557.06 Td (5,869) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 283.75 557.06 Td (1,456) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 557.06 Td (204,102) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.50 557.06 Td (172) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 557.06 Td (2,766) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 557.06 Td (2,181) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.50 557.06 Td (105) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 543.05 Td (Total FCA Group) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 534.05 Td (Companies) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 181.25 534.05 Td (41,719) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 230.25 534.05 Td (17,765) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.75 534.05 Td (1,474) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 323.75 534.05 Td (239,883) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.25 534.05 Td (69,974) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.25 534.05 Td (22,623) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.75 534.05 Td (2,181) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.25 534.05 Td (50,841) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 507.05 Td (Exor Group companies) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 498.05 Td (\(excluding the FCA) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 489.05 Td (Group\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 475.06 Td (Exor Group companies) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.00 475.06 Td (54) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 246.00 475.06 Td (24) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.00 475.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.00 475.06 Td (51) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.00 475.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.00 475.06 Td (28) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 475.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 475.06 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 448.05 Td (Other related parties) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 434.06 Td (Poltrona Frau) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.00 434.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 246.00 434.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.00 434.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.00 434.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.75 434.06 Td (1,763) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 434.06 Td (8,564) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 434.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 434.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 420.06 Td (COXA S.p.A.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.00 420.06 Td (42) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 241.50 420.06 Td (209) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.00 420.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.00 420.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.50 420.06 Td (308) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 420.06 Td (1,448) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 420.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 420.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 406.06 Td (HPE S.r.l.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.00 406.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 246.00 406.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.00 406.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.00 406.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.00 406.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.50 406.06 Td (686) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 406.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 406.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 392.06 Td (Other related parties) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.00 392.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 241.50 392.06 Td (113) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.00 392.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.00 392.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.75 392.06 Td (1,647) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.50 392.06 Td (251) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 392.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 392.06 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 378.05 Td (Total other related) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 369.05 Td (parties) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 197.00 369.05 Td (42) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 241.50 369.05 Td (322) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 295.00 369.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.00 369.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 386.75 369.05 Td (3,718) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.25 369.05 Td (10,949) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 496.00 369.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.00 369.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 355.05 Td (Total transactions with) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 346.05 Td (related parties) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 181.25 346.05 Td (41,815) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 230.25 346.05 Td (18,111) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.75 346.05 Td (1,474) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 323.75 346.05 Td (239,934) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.25 346.05 Td (73,692) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.25 346.05 Td (33,600) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.75 346.05 Td (2,181) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.25 346.05 Td (50,841) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 332.05 Td (Total for the Group) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 176.75 332.05 Td (135,620) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 225.75 332.05 Td (448,568) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 279.25 332.05 Td (68,762) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 323.75 332.05 Td (631,504) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 377.75 332.05 Td (183,642) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.75 332.05 Td (535,707) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.25 332.05 Td (52,052) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 332.05 Td (670,378) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 304.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 304.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 129.71 304.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 155.54 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 172.48 304.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 212.20 304.10 Td (originating ) Tj ET Q q 0 0 0 rg BT 258.58 304.10 Td (from ) Tj ET Q q 0 0 0 rg BT 280.52 304.10 Td (related ) Tj ET Q q 0 0 0 rg BT 310.22 304.10 Td (party ) Tj ET Q q 0 0 0 rg BT 333.27 304.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 383.53 304.10 Td (are ) Tj ET Q q 0 0 0 rg BT 398.24 304.10 Td (as ) Tj ET Q q 0 0 0 rg BT 409.07 304.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 204.60 164.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 204.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 204.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 204.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 204.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 204.60 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 204.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 204.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 204.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 204.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 204.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 204.60 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 176.60 164.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 176.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 176.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 176.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 176.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 176.60 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 176.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 176.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 176.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 176.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 176.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 176.60 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 148.60 164.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 148.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 148.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 148.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 148.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 148.60 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 148.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 148.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 148.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 148.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 148.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 148.60 40.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 267.6 m 273.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 267.6 m 277.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 267.6 m 341.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 267.6 m 345.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 267.6 m 385.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 267.6 m 445.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 267.6 m 449.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 267.6 m 513.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 267.6 m 517.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 267.6 m 557.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 217.60000000000002 m 273.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 217.60000000000002 m 341.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 217.60000000000002 m 385.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 217.60000000000002 m 445.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 217.60000000000002 m 513.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 217.60000000000002 m 557.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 162.60000000000002 m 273.5 162.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 149.60000000000002 m 273.5 149.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 147.60000000000002 m 273.5 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 162.60000000000002 m 341.5 162.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 149.60000000000002 m 341.5 149.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 147.60000000000002 m 341.5 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 162.60000000000002 m 385.5 162.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 149.60000000000002 m 385.5 149.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 147.60000000000002 m 385.5 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 162.60000000000002 m 445.5 162.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 149.60000000000002 m 445.5 149.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 147.60000000000002 m 445.5 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 162.60000000000002 m 513.5 162.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 149.60000000000002 m 513.5 149.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 147.60000000000002 m 513.5 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 162.60000000000002 m 557.5 162.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 149.60000000000002 m 557.5 149.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 147.60000000000002 m 557.5 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 134.60000000000002 m 273.5 134.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 121.60000000000002 m 273.5 121.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 119.60000000000002 m 273.5 119.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 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