GRUPPO MUTUIONLINE S.P.A ANNUAL FINANCIAL REPORT
AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2022
Prepared according to IAS/IFRS
(This report has been translated into the English language from the original which was issued in Italian)
Gruppo MutuiOnline S.p.A. (in breve Gruppo MOL S.p.A. o MOL Holding S.p.A.)
Sede Legale: Via F. Casati 1/A, 20124 Milano, Italy
Sede Operativa: Via Desenzano, 2 - 20146 Milano, Italy
Tel +39.02.8344.1 - Fax +39.02.91.39.08.63 - internet: www.gruppomol.it
C.F. e P.I. 05072190969 - REA 1794425 - CCIAA 05072190969
Capitale Sociale Euro 1.012.354,01 Interamente Versato
TABLE OF CONTENTS | ||
2. | DIRECTORS' REPORT ON OPERATIONS | 6 |
2.1. | Introduction | 6 |
2.2. | Organizational structure | 6 |
2.3. | Information about the profitability of the Group | 11 |
2.3.1. | Revenues | 12 |
2.3.2. | Operating income (EBIT) | 14 |
2.3.3. | EBITDA | 15 |
2.3.4. | Net income | 16 |
2.4. | Information about the financial resources of the Group | 16 |
2.4.1. Current and non-current indebtedness | 16 | |
2.4.2. | Cash flow analysis | 19 |
2.4.3. | Composition and changes in net working capital | 20 |
2.5. | Table of reconciliation of the consolidated net income and equity with the Issuer's data | 20 |
2.6. | Research and development | 21 |
2.7. | Own shares | 21 |
2.8. | Report on corporate governance | 22 |
2.9. | Non-financial report ex Legislative Decree n. 254/2016 | 22 |
2.10. Shareholdings of the members of the governing and controlling bodies, general managers and
managers with strategic responsibilities | 22 | |
2.11. Evolution of the Italian residential mortgage market | 23 | |
2.12. Foreseeable evolution | 23 | |
2.12.1. | Broking Division | 23 |
2.12.2. | BPO Division | 25 |
2.13. Other information | 26 | |
2.13.1. | Offices | 26 |
2.13.2. | Relations with related parties | 27 |
2.13.3. | Risk management | 28 |
2.13.4. | Information concerning environment and human resources | 31 |
2.14. Net income allocation and dividend distribution proposal | 31 |
3. CONSOLIDATED ANNUAL REPORT AS OF AND FOR THE YEAR ENDED
DECEMBER 31, 2022 | 33 | |
3.1. | Financial statements | 33 |
3.1.1. | Consolidated statement of financial position | 33 |
3.1.2. | Consolidated income statement | 34 |
3.1.3. | Consolidated comprehensive income statement | 35 |
3.1.4. Consolidated statement of cash flows | 36 | |
3.1.5. Consolidated statement of changes in shareholders' equity | 37 | |
3.2. | Notes to the consolidated financial statements | 38 |
4. | ANNUAL REPORT AS OF AND FOR YEAR ENDED DECEMBER 31, 2022 | 96 |
4.1. | Financial statements | 96 |
4.1.1. | Statement of financial position | 96 |
4.1.2. | Income statement | 97 |
4.1.3. | Comprehensive income statement | 98 |
.................................................................................................................................................................................... | 98 | |
4.1.4. | Statement of cash flows | 99 |
4.1.5. Statement of changes in shareholders' equity | 100 | |
4.2. | Explanatory notes to the financial statements (statutory financial report) | 101 |
5. REPORT ON CORPORATE GOVERNANCE AND COMPANY STRUCTURE | 151 | |
6. REPORT OF THE BOARD OF STATUTORY AUDITORS | 197 | |
2 |
7. REPORT OF THE INDEPENDENT AUDITORS ON THE CONSOLIDATED
FINANCIAL STATEMENTS | 208 |
8. REPORT OF THE INDEPENDENT AUDITORS ON THE SEPARATED FINANCIAL
STATEMENTS | 216 |
9. DECLARATION PURSUANT TO ART. 154-BIS PAR. 5 OF LEGISLATIVE DECREE
58/1998 | 222 |
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1. GOVERNING BODIES AND OFFICERS AS OF DECEMBER 31, 2022
BOARD OF DIRECTORS | |
Chairman | Marco Pescarmona (1) (3) (5) (7) |
Chief Executive Officer | Alessandro Fracassi (2) (3) (5) |
Directors | Anna Maria Artoni (4) |
Fausto Boni | |
Chiara Burberi (4) | |
Matteo De Brabant | |
Giulia Bianchi Frangipane (4) | |
Klaus Gummerer (4) (6) | |
Valeria Lattuada (4) | |
Marco Zampetti | |
BOARD OF STATUTORY AUDITORS | |
Chairman | Stefano Gnocchi |
Active Statutory Auditors | Paolo Burlando |
Francesca Masotti | |
Substitute Statutory Auditors | Filippo Colonna |
Barbara Premoli | |
INDEPENDENT AUDITORS | EY S.p.A. |
COMMITTEES OF THE BOARD OF DIRECTORS | |
Audit and Risk Committee | |
Chairman | Chiara Burberi |
Giulia Bianchi Frangipane | |
Marco Zampetti | |
Remuneration and Share Incentive Committee | |
Chairman | Anna Maria Artoni |
Valeria Lattuada | |
Matteo De Brabant | |
Committee for Transactions with Related Parties | |
Chairman | Valeria Lattuada |
Anna Maria Artoni | |
Klaus Gummerer |
- The Chairman is the Company's legal representative.
- The Chief Executive Officer legally represents the Company, disjointly from the Chairman, within the limits of the delegated powers.
- Executive Director.
- Independent non-executive Director.
- Holds executive offices in some Group companies.
- Lead Independent Director.
- Executive Director in charge of overseeing the Internal Control System.
4
DIRECTORS' REPORT ON OPERATIONS
FINANCIAL YEAR ENDED DECEMBER 31, 2022
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Gruppo MutuiOnline S.p.A. published this content on 06 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 April 2023 16:03:03 UTC.
