Non-current assets held for sale and discontinued operations

In the consolidated statement of financial position, income statement and statement of cash flows of the Salini Impregilo Group at September 30, 2014, the entries related to “Non-current assets (liabilities) held for sale and discontinued operations” include the following main items:

  • the remaining net assets of the USW Campania Projects;
  • the net assets attributable to the subsidiary Todini Costruzioni Generali S.p.A. and its controlling interests;

Furthermore, as regards Fisia Babcock Environment GmbH, in view of the fact that during the first quarter of 2014 it was sold to external parties, the profit (loss) from discontinued operations at September 30, 2014, includes the profit from the sale which, net of taxes and other directly associated costs, totaled € 89.2 million.

The main information about the performance of these disposal groups in the first nine months of 2014 is presented below in this chapter, using an approach that is consistent and in line with that described in the Annual financial report of the Salini Group for the year 2013.