Índice de regularidad morfológica (IRM)

(in millions of euros) 2013 2012

Prime Minister’s Office:

- Operating grant to be transferred to San Marino RTV 3.1 3.1 - Radio, television and multimedia offering for the foreign market 13.0 6.1

- Broadcasting from Trieste in Slovenian 11.4 4.4

- Radio and television broadcasts in French for the

Autonomous Region of Valle d’Aosta 2.1 1.3

- Extension of the Rai 1 signal to Tunisia and subsequent maintenance - ..

Total Prime Minister’s Office 29.6 14.9

Ministries:

- Economy and Finance: management of television licence fee collection 21.5 10.5 Regions and Provinces:

- Autonomous province of Bolzano: Radio and television broadcasts

in German and Ladin in the autonomous province of Bolzano 18.9 9.9 - Autonomous Region of Valle d’Aosta: management of equipment

for reception of programmes from the French-speaking area 8.6 9.2

Total 78.6 44.5

• net receivables for licence fees: these amount to 10.4 million euros, down 0.9 million euros on 31 De-

cember 2012, representing licence fees not yet transferred to Rai. Activities, already successfully pursued in the previous year, will be launched to recover such receivables. They consist in asking the Ministry of the Economy and Finance to increase the specific provision of the expense section during the settlement of the Government Financial Statements for 2014, in order to allow recovery, with liquidation of the fourth instalment of transfer of the fees, envisaged to take place in December 2014;

• other receivables: these amount to a nominal value of 231.5 million euros, down 57.3 million euros

compared with 31 December 2012, and represent, among the most significant entries, receivables from customers of Rai for the sale of rights and various services for 175.5 million euros, receivables from customers of Rai Cinema for 44.5 million euros, receivables from customers of Rai Way for 9.8 million euros and receivables from customers of Rai World for 1.6 million euros.

Receivables from non-consolidated subsidiaries. Recorded for an insignificant value in millions of euros, they represent non-financial receivables from Rai Corporation.

Receivables from associated companies. These amount to 0.3 million euros (at 31 December 2012: 0.2 million euros) and represent the balance of non-financial receivables from the companies Euronews, San Marino RTV and Tivù which are carried in the Parent Company financial statement.

Tax receivables. These are carried at a nominal value of 60.3 million euros (at 31 December 2012: 105.1 million euros). They relate for the most part to receivables recorded in the Parent Company financial state- ments (59.5 million euros), to Group VAT (35.8 million euros, net of the sale with recourse during the year for the sum of 41.0 euros), to IRES deriving from the deductibility of IRAP relating to personnel costs and similar (16.8 million euros), other tax reimbursements requested (6.9 million euros), with the remainder consisting of receivables disclosed in the financial statements of the other Group companies.

Deferred tax assets. These represent the amount receivable from entries subject to deduction of deferred tax assets. They total 40.9 million euros (at 31 December 2012: 43.6 million euros) comprising deferred tax assets recorded by the individual companies (39.9 million euros) and deferred tax assets from conso- lidation adjustments (1.0 million euros). They are down 2.7 million euros as detailed in Schedule 9. They relate mainly to:

• 36.5 million euros booked to the Parent Company financial statements;

• 2.1 million euros booked to Rai Way’s financial statements;

• 0.8 million euros booked to Rai Pubblicità’s financial statements;

• 0.5 million euros booked to Rai Cinema’s financial statements.

Deferred tax assets

(in millions of euros) IRES IRAP _taxesTotal

Taxable

amount at 27.5%Taxed Taxableamount 4.9% year 2012Tax (average) at 4.8% year 2013 Balance at 13.31.2012:

Tax loss 48.3 13.3 0.0 0.0 13.3

Writedown of programmes 36.1 9.9 35.2 1.7 11.6

New accruals 23.9 6.6 51.5 2.5 9.1

Statutory/fiscal difference on amortisation of programmes 24.9 6.8 0.0 0.0 6.8 Statutory/fiscal difference on amortisation of non-current

tangible assets 5.3 1.5 0.0 0.0 1.5

Deferred tax assets from consolidation adjustments 3.5 1.0 3.5 0.1 1.1

Other 0.8 0.2 0.6 0.0 0.2

Total 142.8 39.3 90.8 4.3 43.6

Changes during the year:

Negative taxable amount: alignment with previous year (1.7) (0.5) 0.0 0.0 (0.5)

Negative taxable amount for the year 80.0 22.0 0.0 0.0 22.0

Writedown of programmes 15.3 4.1 (1.2) 0.0 4.1

New accruals (15.0) (4.1) (8.1) (0.4) (4.5)

Statutory/fiscal difference on amortisation of programmes 8.4 2.4 0.0 0.0 2.4 Statutory/fiscal difference on amortisation of non-current

tangible assets (4.4) (1.2) 0.0 0.0 (1.2)

Deferred tax assets from consolidation adjustments (0.2) (0.1) (0.2) 0.0 (0.1)

Other 0.0 0.0 0.0 0.0 0.0

Changes having effect on income 82.4 22.6 (9.5) (0.4) 22.2

Compensation of taxable amounts by effect of the

consolidated taxation arrangement (46.6) (12.8) 0.0 0.0 (12.8)

Transformation into tax receivables:

Writedown of programmes (27.2) (7.4) 0.0 0.0 (7.4)

Statutory/fiscal difference on amortisation of programmes (17.0) (4.7) 0.0 0.0 (4.7)

Changes having effect on equity only (90.8) (24.9) 0.0 0.0 (24.9)

Total changes (8.4) (2.3) (9.5) (0.4) (2.7)

Balance at 12.31.2013:

Tax loss 80.0 22.0 0.0 0.0 22.0

Writedown of programmes 24.2 6.6 34.0 1.7 8.3

New accruals 8.9 2.5 43.4 2.1 4.6

Statutory/fiscal difference on amortisation of programmes 16.3 4.5 0.0 0.0 4.5 Statutory/fiscal difference on amortisation of non-current

tangible assets 0.9 0.3 0.0 0.0 0.3

Deferred tax assets from consolidation adjustments 3.3 0.9 3.3 0.1 1.0

Other 0.8 0.2 0.6 0.0 0.2

Receivables from others. These amount to 135.6 million euros (at 31 December 2012: 69.5 million euros). Net of writedowns of 3.8 million euros, they reflect the value of other types of receivable as described below:

• supplier receivables relating to advances on sports events filming rights, carried at nominal value of 77.8

million euros;

• receivables from welfare and social security institutions relating mainly to advances on contributions

payable for artistic activities and for other payments, carried at a nominal value of 19.8 million euros;

• receivables from suppliers, collaborators and agents for miscellaneous advances carried at a nominal

value of 19.1 million euros;

• receivables from personnel carried at a nominal value of 9.2 million euros. They are mostly composed

of amounts receivable in relation to employment disputes, advances for travel expenses and advances for production expenses;

• receivables from others, carried at a nominal value of 13.5 million euros.

Cash and cash equivalents

These amount to 7.1 million euros (at 31 December 2012: 10.9 million euros) relating mostly to the Parent Company which manages central treasury service. They comprise the following:

• Bank and post office deposits: these amount to 6.7 million euros (at 31 December 2012: 10.4 million euros). They represent sight or short-term balances on deposit or current accounts with banks, financial institutions and the Post Office.

• Cheques: these are of a non-significant value in millions of euros (at 31 December 2012: 0.1 million euros).

• Cash and cash equivalents on hand: these amount to 0.4 million euros (at 31 December 2012: 0.4 million euros) and include liquid funds in the form of cash and equivalent instruments (tax stamps, cashier’s cheques or bank-guaranteed cheques, etc.) in hand at 31 December 2013.

Sums held by banks or the post office which are unavailable due to attachment amount to 9.4 million euros. Schedule 8 gives a breakdown of cash and cash equivalents in euros and other currencies.

Accrued income and prepaid expenses

These total 28.5 million euros (at 31 December 2012: 22.5 million euros) and consist of prepaid expenses for 28.5 million euros and accrued income for an insignificant value.

The composition is detailed in Schedule 10.

Accrued income and prepaid expenses

(in millions of euros) Changes during the year

12.31.2012 _movementsBalance of 12.31.2013

Prepaid expenses:

. sporting events filming rights 15.0 5.3 20.3

. software licenses 2.1 2.0 4.1

. rent and hire costs 3.6 (1.3) 2.3

. maintenance and repairs 0.3 (0.1) 0.2

. insurance and accident prevention 0.1 0.2 0.3

. services for acquisition and production of programmes . 0.2 0.2 . services for documentation and assistance for informative systems 0.1 (0.1) ..

. other 1.3 (0.2) 1.1

22.5 6.0 28.5

Accrued income .. .. ..

Liabilities

Shareholders’ equity

Shareholders’ equity amounts to 296.2 million euros, up 5.3 million euros on 31 December 2012 mainly due to the loss for the year (5.3 million euros).

The components of shareholders’ equity and the effects of operations carried out in 2013 and in the pre- vious year are shown in Schedule 11.