TABLE -A1 GOVERNMENT BOND SINKING FUND STATEMENT OF BUDGET INCOME (through 31 Dec. 2001)

Transcription

1 TABLE -A1 STATEMENT OF BUDGET INCOME (through 31 Dec. 2001) Source Date of income Budget value Budget Date of transfer to Account 522 (reason) in budget (values expressed in lire) item c/o BI (Italian format) IMI Privatization 16 and 17-Feb ,593,103,243, /12/94 07-Jul ,352,425, /09/95 15-Jul ,395,762, /09/96 INA Privatization 13 Jul to 11 Oct-94 4,327,460,413, /12/94 15-Feb-95 2,080,743, /06/95 31-Oct-95 1,682,364,679, /12/95 ENI Privatization 5 to 29-Dec-95 5,755,868,222, /03/96 5 to 29-Nov-96 7,286,110,942, /02/97 12-Dec-96 1,157,824,023, /02/97 24-Dec ,802,709, /03/97 21-Mar-97 3,075,508, /03/97 12-May-97 1,785,363, /10/97 20-May-97 35,266,371, /10/97 8 to 15-Jul-97 12,845,480,274, /10/97 Revenue adjustments on ENI 3 contract notes 29-Jul ,794, /10/97 San Paolo Torino privatization San Paolo Torino 03-Jun ,407,222, /10/97 TELECOM privatization 04-Nov-97 15,932,385,130, /11/97 06-Nov-97 3,946,811,336, /11/97 SEAT S.p.A. privatization 25-Nov-97 1,630,617,962, /02/98 Sale of Banco di Napoli rights 04-Dec ,032, /09/98 San Paolo To privatization (final sale) 16-Dec-97 58,103, /06/98 Real estate sale 01-Dec-97 1,975,028, /09/98 Telecom privatization (greenshoe) 07-Jan-98 2,442,605,318, /06/98 Stock loan Telecom 07-Jan-98 2,927,342, /06/98 Banco di Napoli 22-Jan-98 47,203,635, /09/98 ENI 2: redemption of distrained amounts 27 and 29-Jan-98 5,568,430, /06/98 Quota 1997 loan convertible into INA stocks 16-Feb-98 15,000, /09/98 Stock adjustments SEAT S.p.A. 12-May-98 10,453,706, /12/99 Erroneous payment IVA Mor. Stanley privat. Telecom 16-Jun-98 5,864,414, /09/98 ENI 4 07-Jul-98 11,556,696,141, /09/98 ENI 4 (greenshoe) 27-Jul-98 1,141,296,827, /09/98 Stock loan ENI 27-Jul ,423, /09/98 Bonds converted into INA stock 30-Jul-98 1,103,358,056, /09/98 BNL privatization global offer 01-Dec-98 3,454,061,883, /12/98 Privatization BNL stable nucleus 03-Dec-98 2,576,190,167, /12/98 Reimb. ENI 4 commission with relative interest 21-Dec ,515, /05/99 Deposit authoriz.n (burdens reserve fund) 21-Dec ,311,349, /06/99 BNL privatization greenshoe 04-Jan ,108,649, /05/99 Bonds converted to INA stock 10-Mar ,863,333, /10/99 Privatiz.BNL (interest matured in escrow account) 10-Jun ,187, /11/99 Bonds converted to INA stock 17-Aug ,624,888, /12/00 ENEL privatization 05-Nov-99 29,712,888,732, /11/99 Deposit without specific reason 13-Dec-99 2,583,370, /09/00 Privatization ENEL green shoe 14-Dec-99 1,710,239,934, /04/00 Mediocredito Centrale privatization 17-Dec-99 3,904,019,148, /04/00 Privatization UNIM 12-Jan-00 41,846,754, /04/00 Bonds converted to INA stock 17-Feb-00 1,193,346,821, /07/00 Banca CIS privatization 25-May-00 42,035,000, /09/00 Privatization BNL (global offering) 17-Jul ,154, /12/00 Privatization Meliorbanca 27-Jul-00 28,978,125, /12/00 Bonds converted to INA stock 26-Sep-00 34,668,914, /12/01 Activity at closure of acct /23/32 BCI 26-Sep ,087, awaiting transfer Mediocredito Lombardo privatization 28-Sep-00 74,915,591, /01/01 IRI - liquidation advance 27-Nov-00 8,000,000,000, /03/01 Banco Napoli - OPA SANPAOLO 01-Dec ,747,728, /03/01 License allocations UMTS (90%) 11-Dec-00 20,736,000,000, /12/00 ENI 5 21-Feb-01 5,226,107,381, /03/01 Meliorbanca pivatization (difference) 26-Feb-01 29,050,319, /04/01 IRI - liquidation advance 16-Mar-01 3,000,000,000, /04/01 Dismissal S. Paolo IMI stock (residual quota) 12-Jun ,144,396, /11/01 Dismissal Beni Stabili S.p.A. stock 20-Jun-01 4,472,937, /11/01 Dismissal Mediocredito Centrale S.p.A. stock 12-Jul-01 2,257,357, /11/01 UMTS license alloc. (deposit no. 2 and interest) 30-Nov ,813,984, /12/02 Total privatization income 157,838,295,306,612 Profits and dividends Jan-Dec ,417,497, /10/95 Feb ,196,011, /12/95 Voluntary deposits Jan-Dec ,700, /09/95 Jan-Dec ,016, /03/96 Jan-Dec ,704, /03/97 Jan-Dec ,766, /09/98 Jan-Dec ,500, awaiting transfer 13-Apr , /09/00 22-Nov , /03/01 Other Jan-Dec ,826,950, /12/97 Jan-Dec ,714,038, withdrawn without reason Exceptional allocations (Enel reserves) 11-Oct-99 4,421,950,200, /11/99 Exceptional allocations (IRI reserves) 13-Dec-99 2,107,469,517, /04/00 Reimb. from budget for erroneous fixed-bond pymt. Dec ,873,900 account /12/99 Reimb. from budget for erroneous fixed-bond pymt. year ,755,790 account 523 accredited year 2000 Restitution of B.I. commission on year 2000 reimbmts. 23-Feb-01 3,330 account /02/01 General total of budget income 164,451,270,530,055 Emissions balance (ex reserve fund) 5,961,000,000,000 16/10/95

2 TABLE -A2 STATEMENT OF BUDGET INCOME (2002 MANAGEMENT - values in euros) Source Date of entry Budget value Budget Date of transfer (reason) into budget (values in euros) item to Account 522 c/o BI Privatization BNL (residual quota) 03/01/02 76,860, /12/02 Privatization Cariverona 15/01/02 324, /12/02 Privatization MEDIOVENEZIE 15/01/02 107, /12/02 Privatization MPS MERCHANT S.p.A. 22/02/02 17,727, /12/02 Dismissal of holdings in INA-GENERALI S.p.A. 09/04/02 76,947, awaiting transfer Dismissal of Medioc.Fondiario Centroitalia S.p.A. stock 17/05/02 5,610, awaiting transfer Total privatization income ,578, Total privatization income at ,516,676, General total of budget income at ,931,993, General total of budget income at ,109,571,568.97

3 TABLE - B1 RESOURCES ACTIVITY (through values expressed in lire) (values expressed in lire) (values expressed in lire) Amounts transferred on 12/23/94 5,920,563,657,000 1st purchase cost 30/11/95 by auction 3,197,076,913,106 Amounts transferred on 06/08/95 2,080,743,000 2nd purchase cost 21/12/95 by auction 2,629,440,576,075 Amounts transferred on 09/01/95 913,365,125,000 3rd purchase cost 24/06/96 by auction 2,249,336,661,480 Amounts transferred on 10/16/95 6,035,417,497,512 4th purchase cost 03/11/97 by auction 6,814,171,541,171 Amounts transferred on 12/04/95 2,196,011,000 5th purchase cost 19/12/97 by auction 2,908,594,989,200 Amounts transferred on 12/29/95 1,682,364,679,000 6th purchase cost 24/11/99 by auction 7,245,638,985,959 Amounts transferred on 03/18/96 5,755,870,238,000 7th purchase cost 25/05/00 by auction 5,157,078,857,221 Amounts transferred on 09/10/96 493,395,762,000 8th purchase cost 22/06/01 by auction 4,355,489,440,872 Amounts transferred on 02/06/97 8,443,934,966,000 Redemption 10/01/ BTP 4,500,000,000,000 Amounts transferred on 04/01/97 3,075,508,000 Redemption 11/20/ CTO 4,442,672,520,900 Amounts transferred on 04/01/97 288,811,413,000 Redemption 12/01/ BTP 14,913,300,000,000 Amounts transferred on 10/15/97 13,159,939,231,000 Redemption 10/30/ CTZ 10,616,334,852,500 Amounts transferred on 10/30/97 126,794,000 Redemption 11/01/ BTP 3,398,929,000,000 Amounts transferred on 11/21/97 19,879,196,467,000 Redemption 06/30/97-12/30/98 CTZ 6,000,001,345,000 Amounts transferred on 12/18/97 3,826,950,000 Redemption 11/01/92-11/01/99 CCT 1,832,586,129,973 Amounts transferred on 02/25/98 1,630,617,962,000 Redemption 11/22/94-11/22/99 CTE 2,893,742,097,423 Amounts transferred on 06/08/98 2,445,590,764,000 Redemption 12/01/94-12/01/99 BTP 12,663,347,503,577 Amounts transferred on 06/08/98 5,568,430,000 Redemption 12/15/97-12/15/99 CTZ 11,357,955,930,401 Amounts transferred on 09/14/98 49,849,462,000 Redemption 04/15/98-04/15/01 BTP 10,068,604,000,000 Amounts transferred on 09/29/98 13,807,704,863,000 Redemption 05/14/99-05/14/01 CTZ 7,329,653,271,500 Amounts transferred on 12/17/98 6,030,252,050,000 Advance Reimbrsmts(D.M ) on ,818,583,843 Amounts transferred on 05/21/99 547,525,165,000 Advance Reimbrsmts(D.M ) on ,347,552,689 Amounts transferred on 06/02/99 106,311,349,000 Advance Reimbrsmts(D.M ) on ,975,386 Amounts transferred on 10/06/99 981,863,333,000 Adv. reimbrsmts. (D.M ) on ,996,005 Amounts transferred on 11/09/99 29,712,888,732,251 Redemption ENEL unsettled account 251 Amounts transferred on 11/19/99 4,421,950,200,000 Purchases through the Bank of Italy 10/31/96 1,498,681,726,000 Amounts transferred on 11/19/99 269,187,000 Purchases through the Bank of Italy 12/31/96 653,268,792,000 Amounts transferred on 12/21/99 10,453,706,000 Purchases by mandate settled on 11/23/00 2,926,952,664,307 Amounts transferred on 12/21/99 113,873,900 Purchases by mandate settled on 12/07/00 874,312,083,672 Amounts credited on 01/31/00 2,959,100 Purchases by mandate settled on 12/29/00 12,993,564,091,081 Amounts credited on 02/21/00 179,835,260 Purchases by mandate settled on 08/08/01 1,902,525,468,693 Amounts credited on 04/07/00 68,961,430 Purchases by mandate settled on 12/17/01 1,062,099,938,963 Amounts transferred on 04/14/00 7,763,575,354,000 Purchases by mandate settled on 12/18/01 844,603,166,826 Amounts transferred on 07/19/00 1,193,346,821,000 Purchases by mandate settled on 12/19/01 79,370,820,822 Amounts transferred on 09/28/00 44,618,500,000 1st payment STET shares 12/27/96 3,000,000,000,000 Amounts transferred on 12/15/00 20,736,000,000,000 2nd payment STET shares 03/12/97 6,300,000,000,000 Amounts transferred on 12/22/00 29,108,279,000 3rd payment STET shares 06/16/97 2,200,000,000,000 Amounts transferred on 12/22/00 236,624,888,000 4th payment STET shares12/17/97 5,000,000,000,000 Amounts credited on 01/23/01 3,330 5th payment STET shares 01/02/98 2,595,412,770,693 Amounts transferred on 01/09/01 74,915,591,000 6th payment STET shares 04/02/98 1,500,000,000,000 Amounts transferred on 03/01/01 8,955,748,288,000 7th payment STET shares 06/18/98 4,043,961,497,240 Amounts transferredon 03/28/01 5,226,107,381,000 8th payment STET shares 07/24/98 21,115,902,857 Amounts transferred on 04/20/01 3,029,050,319,000 Amounts transferred on 11/13/01 111,874,691,000 Amounts transferred on 12/04/01 34,668,914,000 Interest accrued on 01/01/95 4,113,232,930 Interest accrued on 07/01/95 278,068,323,814 Interest accrued on 01/01/96 446,700,478,431 Interest accrued on 07/01/96 649,374,315,524 Interest accrued on 01/01/97 454,499,883,934 Interest accrued on 07/01/97 126,377,871,877 Interest accrued on 01/01/98 182,795,290,145 Interest accrued on 07/01/98 66,131,694,233 Interest accrued on 01/01/99 82,885,368,857 Interest accrued on 07/01/99 7,221,915,781 Interest accrued on 01/01/00 71,373,060,453 Interest accrued on 07/01/00 36,155,277,706 Interest accrued on 01/01/01 97,316,007,374 Interest accrued on 07/01/01 284,888,386,155 Sinking Fund Activity 172,558,916,010,997 Total Fund Debits 172,217,298,647,686 USES Stock as of 31/12/01 Stock as of 31/12/01 in uros L. 341,617,363, ,430,644.13

4 TABLE - B2 ACTIVITY (YEAR 2002 MANAGEMENT) CREDITS (values expressed in euros) UTILIZATIONS (values expressed in euros) Amounts credited on 02/12/02 186, Adv. Reimbrsmts. (D.M ) on , Amounts transferred on 11/12/02 424,423, Interest accrued on 01/01/02 28,465, Interest accrued on 01/07/02 3,725, Fund Activity 456,800, Total Fund Debits 30, Fund Stock on 31/12/02 633,200, Fund Stock on 31/12/01 in uros 176,430,644.13

5 TABLE - C ACTIVITY BY YEAR (through values in lire) RESOURCES USES 1994 Total Cost 1st auction buyback 11/30/95 3,197,076,913, Total Amounts transferred on 12/23/94 5,920,563,657,000 5,920,563,657,000 Cost 2nd auction buyback 12/21/95 2,629,440,576,075 5,826,517,489,181 Amounts transferred on 06/08/95 2,080,743,000 Cost 3rd auction buyback 06/24/96 2,249,336,661,480 Amounts transferred on 09/01/95 913,365,125,000 Buyback through Bank of Italy 10/31/96 1,498,681,726,000 Amounts transferred on 10/16/95 6,035,417,497,512 Buyback through Bank of Italy 12/31/96 653,268,792,000 Amounts transferred on 12/04/95 2,196,011, Total Redemption of 10/01/1993/96 BTP 4,500,000,000,000 Amounts transferred on 12/29/95 1,682,364,679,000 8,635,424,055,512 Redemption of 11/20/1990/96 CTO 4,442,672,520, Total Amounts transferred on 03/18/96 5,755,870,238, Total 1st payment STET stocks 12/27/96 3,000,000,000,000 16,343,959,700,380 Amounts transferred on 09/10/96 493,395,762,000 6,249,266,000,000 2nd payment STET stocks 03/12/97 6,300,000,000,000 Amounts transferred on 02/06/97 8,443,934,966,000 3rd payment STET stocks 06/16/97 2,200,000,000,000 Amounts transferred on 04/01/97 3,075,508,000 Cost 4th purchase by auction 11/03/97 6,814,171,541,171 Amounts transferred on 04/01/97 288,811,413,000 Redemption of 12/01/1994/97 BTP 14,913,300,000,000 Amounts transferred on 10/15/97 13,159,939,231,000 4th payment STET stocks 12/17/97 5,000,000,000, Total Amounts transferred on 10/30/97 126,794,000 Cost 5th purchase 12/19/97 2,908,594,989,200 38,136,066,530,371 Amounts transferred on 11/21/97 19,879,196,467, Total 5th payment STET stocks 01/02/98 2,595,412,770,693 Amounts transferred on 12/18/97 3,826,950,000 41,778,911,329,000 6th payment STET stocks 04/02/98 1,500,000,000,000 Amounts transferred on 02/25/98 1,630,617,962,000 7th payment STET stocks 06/18/98 4,043,961,497,240 Amounts transferred on 06/08/98 2,445,590,764,000 8th payment STET stocks 07/24/98 21,115,902,857 Amounts transferred on 06/08/98 5,568,430,000 Redemption of 10/30/1996/98 CTZ 10,616,334,852,500 Amounts transferred on 09/14/98 49,849,462,000 Redemption of 11/01/1995/98 BTP 3,398,929,000,000 Amounts transferred on 09/29/98 13,807,704,863, Total Redemption of 06/30/97-12/30/98 CTZ 6,000,001,345, Total Amounts transferred on 12/17/98 6,030,252,050,000 23,969,583,531,000 Advance Redemption (D.M ) on ,818,583,843 28,321,573,952,133 Amounts transferred on 05/21/99 547,525,165,000 Advance Redemption (D.M ) on ,347,552,689 Amounts transferred on 06/02/99 106,311,349,670 Redemption of Enel unsettled account 251 Amounts transferred on 10/06/99 981,863,333,000 Redemption of 11/01/92-11/01/99 CCT 1,832,586,129,973 Amounts transferred on 11/09/99 29,712,888,732,251 Redemption of 11/22/94-11/22/99 CTE 2,893,742,097,423 Amounts transferred on 11/19/99 4,422,219,387,000 Redemption of 12/01/94-12/01/99 BTP 12,663,347,503,577 Amounts transferred on 12/21/99 113,873, Total Redemption of 12/15/97-12/15/99 CTZ 11,357,955,930, Total Amounts transferred on 12/21/99 10,453,706,000 35,781,375,546,821 Cost 6th purchase 11/24/99 by auction 7,245,638,985,959 35,994,618,200,273 Amounts transferred on 01/31/00 2,959,100 Cost 7th purchase5/25/00 by auction 5,157,078,857,221 Amounts transferred on 02/21/00 179,835,260 Adv. Redemption. (D.M ) on ,975,386 Amounts transferred on 04/07/00 68,961,430 Purchases by mandate paid on 11/23/00 2,926,952,664,307 Amounts transferred on 04/14/00 7,763,575,354,000 Purchases by mandate paid on 12/07/00 874,312,083, Total Amounts transferred on 07/19/00 1,193,346,821,000 Purchases by mandate paid on 12/29/00 12,993,564,091,081 21,952,168,671,667 Amounts transferred on 09/28/00 44,618,500,000 Cost 8th purchase 06/22/01 by auction 4,355,489,440,872 Amounts transferred on 12/15/00 20,736,000,000,000 Redemption of 04/15/98-04/15/01 BTP 10,068,604,000,000 Amounts transferred on 12/22/00 29,108,279, Total Redemption of 05/14/99-05/15/01 CTZ 7,329,653,271,500 Amounts transferred on 12/22/00 236,624,888,000 30,003,525,597,790 Adv. Redemption (D.M ) on ,996,005 Amounts credited on 01/23/01 3,330 Purchases by mandate paid on 08/08/01 1,902,525,468,693 Amounts transferred on 01/09/01 74,915,591,000 Purchases by mandate paid on 12/17/01 1,062,099,938,963 Amounts transferred on 03/01/01 8,955,748,288,000 Purchases by mandate paid on 12/18/01 844,603,166, Total Amounts transferred on 03/28/01 5,226,107,381,000 Purchases by mandate paid on 12/19/01 79,370,820,822 25,642,394,103,682 Amounts transferred on 04/20/01 3,029,050,319,000 Amounts transferred on 11/13/01 111,874,691, Total Amounts transferred on 12/04/01 34,668,914,000 17,432,365,187,330 Total credits 169,771,014,904,453 INTEREST Interest accrued on 01/01/95 4,113,232, Total Interest accrued on 07/01/95 278,068,323, ,181,556,744 Interest accrued on 01/01/96 446,700,478, Total Interest accrued on 07/01/96 649,374,315,524 1,096,074,793,955 Interest accrued on 01/01/97 454,499,883, Total Interest accrued on 07/01/97 126,377,871, ,877,755,811 Interest accrued on 01/01/98 182,795,290, Total Interest accrued on 07/01/98 66,131,694, ,926,984,378 Interest accrued on 01/01/99 82,885,368, Total Interest accrued on 07/01/99 7,221,915,781 90,107,284,638 Interest accrued on 01/01/00 71,373,060, Total Interest accrued on 07/01/00 36,155,277, ,528,338,159 Interest accrued on 01/01/01 97,316,007, Total Total Fund Debits on in lire 172,217,298,647,686 Interest accrued on 07/01/01 284,888,386, ,204,393,529 Total Fond Debits on in uros 88,942,812, Total interest 2,787,901,107,214 Fund Stock on in lire 341,617,363,311 Sinking Fund Activity 172,558,916,011,667 Fund Stock on in uros 176,430,644.13

6 DEBT REDUCTION FUNDED WITH THA BUY BACK REIMBURSEMENT GENERAL TOTAL Total Total mln of YEARS BOT CTZ CCT BTP CTO CCT BTP CTE CTZ mld of lire (mln. ) (mln ) uros ,985 2, ,856 5, , ,171 2,302-2, ,626 6,797 13, ,787 1,068 4, , ,747 12,602 24, ,759-9,539 11,367 11,367 22, ,688-3, ,575 1,500 6,410 15,435 19,123 37, ,949 7, , , , ,067 3,142 4, ,200-4,000-17, ,113.2 TOTAL (mln of uros) TOTAL (mld of lire) ,823 14,191 17,779 2,302 1,019 23,605 1,500 15,949 39,175 81, , , , , , , , , , , , ,073.4

7 TABLE - D "Government Bond Sinking Fund" YEAR 2002 MANAGEMENT FINANCIAL STATEMENT (values expressed in euros) Transfers by mandate and credit for the year 2002 ITEM 9565 Available 12/31/01 176,430, Debits 2002 commission 2002 interest 2002* 329,403, ,465, Adv. Reimbrsmts. (D.M ) for , ,860, ,725, , , * direct credits to account ,727, for corrections 186, TOTAL (a) TOTAL (b) 424,423, ,376, Total of the increases (a)+(b) 456,800, Total transfers 2002 Avail Incr ,423, ,231, Total management cost (E) (Fund debits) 30, Available funds on 31/12/02 633,200, Nominal reimbursed Accrued interest paid from the fund Contingencies and commissions Total Fund subtractions Total Fund subtractions 25, , (D)=(A)+(B)+(C)) 5, , (A) (B) (C) (D) 25, , , * Interest is credited directly on January 1st and July 1st every year to account no. 522 at the bank of Italy, in the name of the Fund 2* Other amounts for corrections are accredited directly to account no. 522.