Glossario

G - N

• Instructions to Stock Market Regulations

  The Instructions to the Regulations for Markets organised and managed by Borsa Italiana S.p.A.

• ISIN

  Acronym for International Securities Identification Number, a unique international code which identifies a securities issue. Each country has a national numbering agency which assigns ISIN numbers for securities in that country.

• Issuers' Regulation

  The Regulation that implements the CFA (Consolidated Finance Act) and adopted by Consob in Resolution no. 11971 of 1999.

• Net financial position

  The sum of bank borrowings, short, medium and long-term borrowings, net of cash held in hand and at bank.

• Net invested capital

  (also Net capital employed). The algebraic sum of shareholders' equity of the Group and minority interests and the "Net financial position".

• Net working capital

  The algebraic sum of inventories, trade receivables and trade payables.