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CONSOLIDATED FINANCIAL REPORT | EXPLANATORY NOTES
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Group operating activities are organised and managed separately according to the nature of the products
and services provided: each segment offers different products and services to different markets. Sales of
goods and services are analysed geographically on the basis of the location of the registered office of the
company that issues the invoices, regardless of the geographic destination of the products sold. This type of
presentation does not produce significantly different results from analysing sales of goods and services by
destination of the products sold. All transfer prices are set using the same conditions applied to other
transactions between Group companies and are generally determined by applying a mark-up to production
costs.
Assets and liabilities by operating segment are not included in the data reviewed by management and so, as
permitted by IFRS 8, this information is not presented in the current report.
F.1 OPERATING SEGMENTS
The following tables present information by operating segment.
(1)
Sales of the operating segments and business areas are reported net of intercompany transactions and net of transactions between
operating segments, consistent with the presentation adopted in the regularly reviewed reports.