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Statement of reconciliation between shareholders’ equity and earnings for the period of the Parent Company and consolidated companies

 
 Earnings as of
31/12/2010		 Shareholders’
equity as of
31/12/2010		 Earnings as of
31/12/2009		 Shareholders’
equity as of
31/12/2009
In thousands of Euros



Piaggio & C. S.p.A. 18,848 338,306 46,053 348,340
Earnings and shareholders' equity of
subsidiaries		 82,124 225,053 63,941 197,397
Elimination of the carrying amount of
equity investments		  
 (79,732)  
 (77,837)
Elimination of dividends from subsidiaries (61,328)  
 (31,851)  
Sale/disposal of intangible assets/
property, plant and equipment to
subsidiaries		  
 (31,636) (26,563) (43,821)
Elimination of the effects of other
intergroup transactions and other records		 3,197 (9,101) (4,161) (277)
Piaggio & C. Group
 42,841 442,890 47,419 423,802