Statement of reconciliation between shareholders' equity and net profit for the period of the Parent Company and consolidated companies

Net profit as of 31/12/2012 Shareholders' equity as of 31/12/2012 Net profit as of 31/12/2011 Shareholders' equity as of 31/12/2011
In thousands of Euros    
Piaggio & C. S.P.A. 46,190 349,703 46,250 347,999
Net profit and shareholders' equity of subsidiaries 77,066 182,758 71,199 195,652
Elimination of the book value of investments (73,148) (68,118)
Elimination of dividends from subsidiaries (91,890) (70,458)
Sale/disposal of intangible assets/property, plant and equipment to subsidiaries 2,924 (19,614) (22,502)
Elimination of the effects of other intergroup transactions and other records 7,784 174 (731) (6,813)
Piaggio & C. Group 42,074 439,873 46,260 446,218