Effects of the changes in the accounting principles adopted

The Group has adopted the following new accounting standards and interpretations since 1 January 2011: Amendments to IAS 32, Revised IAS 24, Amendments to IFRIC 14 and IFRIC 19. This application had no significant impacts on this half-year report. Specifically, the application of the revised version of IAS 24 has had effects exclusively in terms of disclosure with reference to related parties and the modification of the comparative data presented in the statements to take into account, among the related parties, the companies subject to the control or significant influence by the Ministry for Economy and Finance (MEF).