FRR 2016 ANNUAL REPORT52

Balance sheet at 31 December 2016 ASSETS in euros 31/12/2016 31/12/2015

Gross Depreciation and amortisation

Net Net

FIXED ASSETS

Intangible assets Other intangible assets 4,806,316.44 -3,537,204.77 1,269,111.67 1,822,239.42

Tangible fixed assets Plant and equipmente 12,712.31 -12,712.31

TOTAL I 4,819,028.75 -3,549,917.08 1,269,111.67 1,822,239.42

CURRENT ASSETS

Receivables from operations 1,500.00

Sundry receivables Financial instruments 26,350,019.02 26,350,019.02 14,413,959.96

Foreign exchange transactions 9,762,980,950.33 9,762,980,950.33 9,641,576,176.57

Forward financial instruments 477,225,437.08 477,225,437.08 568,205,050.11

Financial instruments Equities and similar securities 10,037,299,808.04 10,037,299,808.04 9,354,008,790.22

Bonds and similar securities 14,950,847,544.06 14,950,847,544.06 16,642,350,593.55

Transferable debt securities 1,523,201,834.23 1,523,201,834.23 920,965,095.75

Undertakings for Collective Investment

7,954,314,122.32

7,954,314,122.32

5,869,985,081.41

Cash 1,096,286,672.11 1,096,286,672.11 3,405,472,259.75

Prepaid expenses 142,088.05 142,088.05

TOTAL II 45,828,506,387.19 45,828,648,475.24 46,416,978,507.32

GRAND TOTAL (I + II) 45,833,325,415.94 -3,549,917.08 45,829,917,586.91 46,418,800,746.74