- Terms and conditions of use
- Intellectual property
- Limits of Responsibility
- Received Information
- Law and Jurisdiction
- Investor Relations Section
This website is an on-line information service provided by Parmalat/Parmalat Group. By using this site you agree to be bound by these terms and conditions as outlined here below and to use this service for lawful purposes and in compliance with the applicable laws and regulations
The user acknowledges that all material and contents on this website is owned by Parmalat and protected by copyright. All rights are reserved. The contents may not be, either in whole or in part, copied, reproduced, modified, transferred, loaded, downloaded, distributed, transmitted, displayed, resold or republished in any form whatsoever without the prior written consent of Parmalat, which it may withhold in its sole discretion. With the sole exception of the storing of content on a personal computer or the printing of extracts from the website's pages for exclusively personal use.
Trademarks on this website are property of Parmalat and its subsidiaries (together known as “Gruppo Parmalat”). They may not be used on any other website other than the Parmalat website without the prior written consent of Parmalat.
The purpose of this website is to provide accurate and updated information. The company will do its utmost to ensure that the information presented on its website fully conforms to the requisites of accuracy and updating. However, the possibility of errors or unintentional omissions can not be excluded. If errors are notified, they will be corrected. Under no circumstances Parmalat is liable in any way for damage, loss, prejudices of any nature that third parties might suffer as a result of contact with this website.
Parmalat does not accept any responsibility for materials created or published by third parties with which the website has a hypertext link. Users who decide to visit, using a link, a web different from the Parmalat website, do so at their own risk and accept that they should take all necessary precautions to protect themselves from computer viruses or similar phenomena.
This website contains links to other sites; this does no imply a sponsorship or affiliation with the entities providing the services described in those sites.
Any communication or any other material sent to Parmalat, either by e-mail or by web pages, shall be treated as non confidential. Therefore, Parmalat has no obligation with respect to such material and shall be free to use, without compensation, reproduce, disclose, show, transform, modify, publish or distribute what received without any limit. Moreover, Parmalt shall also be free,without compensation, to use any ideas, concepts, know-how, or techniques contained in such material for any purpose whatsoever including but not limited to developing, manufacturing, and marketing products and services incorporating such information. Communication of information or of any other material involves acknowledgement that the same can be published and accepts not to bring any legal action from third parties against Parmalat in relation to such material.
A cookie is a small piece of data, which contains a unique and anonymous identification code, which the user sends to the browser from a web server and which is later stored by a user’s web browser on the user’s hard drive. The cookie is then read and recognized by the sending website for subsequent interactions with that website by the same user. Cookies are present in some pages of this website in order to use the information to track the user’s operations on this website. If you do not wish to receive a cookie, you can set your browser to notify you when you receive a cookie, and then decide to accept it or not. You may also use the option on your web browser to disable all cookies. In both cases, it might not be possible to have access to all services.
Interpretation and execution of these terms and conditions are regulated by Italian law. The Court of Parma, Italy will have exclusive jurisdiction for any controversies emerging from or connected with the terms and conditions outlined herein. Nevertheless, Parmalat reserves the right to take legal steps before Courts of cities or countries other than Italy or Parma in order to protect its interests and enforce its rights.
Although the company did its utmost to gather and display the information presented on this website, Parmalat does not guarantee that the information is accurate, comprehensive and useful, and is not liable in any way for damage, loss, prejudices of any nature that third parties might suffer as a result misuse of this website, in particular if caused by errors or omissions.
Consequently, whoever used this information for personal investment decision-making purposes is entirely responsible for it. No information on this website can be considered or understood in any way as an invitation or incitement or as a means of promoting or trading financial instruments issued by Parmalat.
This website and the documents published herein contain forecast information with respect to future events and results based on current expectations, assessments, previsions and estimates in activities carried out by Parmalat, together with the Management’s opinions and estimates.
In particular, among other statements, some concern the Management’s objectives, the progress of results and activities, margins, costs, return on capital, “risk management” and competition; these information is a forecast by its very nature. Expressions like “we expect”, “we anticipate”, “objectives”, “we plan on”, “we intend to”, “we plan to”, “we believe”, “we search”, “we estimate”, variation of such words and similar expressions are directed to identify such statement as a forecast. Such forecast statements are just predictions and are subject to risks, uncertainties and hypothesis that are difficult to foresee because they concern events and depend on circumstances that may occur in the future. Consequently, real results may substantially and negatively differ from the ones resulting from an implicit or expressed forecast statement.
Any forecast statement done by or on behalf of Parmalat is referable only to the date when it was done. Parmalat does not commit in updating the forecast information in order to reflect changes occurred in expectations or any change in the events, conditions, circumstances on which such statement is based.
All opinions, estimates or previsions concerning results done by the analysts from such banks are personal opinions and do not represent Parmalat’s opinions, previsions or forecasts.
Ratings do not represent incitement to buy, sell or keep Parmalat financial instruments of any nature. Since above mentioned ratings can be subject to change, substitution, suspension or withdrawal, visitors of this website must verify long-term and short-term ratings, and current outlooks.
The portfolio calculator is intended to be used for ordinary Parmalat shares. It depends on the correctness of input data about the number of shares and purchase price. It does not take into consideration commission costs connected with purchase or sale and/or taxes. Parmalat shall not be responsible for correctness and timeliness of the results connected to the use of the calculator. (Service provided by Borsa Italiana SpA)
Information, terms and conditions of bond issues do not represent offer to buy or incitement to offer to buy bonds. None of the bonds here described is offered or sold by Parmalat.
Assumptions on which Pro-forma figures has been prepared
The new Parmalat was established on October 1, 2005, therefore the data for the first half of 2005 and the total year, which were approved and published in 2005, are stated on a pro forma basis.
Criteria for the Preparation of pro forma financial statement at June 30, 2005
The pro forma financial statements of Parmalat S.p.A. and the Parmalat Group at June 30, 2005 have been prepared using the data from the pro forma financial statements at December 31, 2004 contained in the Prospectus as opening balances and adjusting them to reflect the changes that occurred during the first six months of 2005. As explained in greater detail in the section of the Notes to the Consolidated Financial Statements entitled “Scope of Consolidation,” the semiannual income statement was prepared by consolidating the income statements of the companies that, in accordance with the Proposal of Composition with Creditors, are included in the Group headed by Parmalat S.p.A. Additional adjustments were made in order to present the pro forma financial statements in accordance with International Financial Reporting Standards (IFRS/IAS). The data contained in the pro forma financial statements represent a simulation of the potential impact of the approval of the Proposal of Composition with Creditors, and are provided solely for illustration purposes. More specifically, since the pro forma data have been developed to retroactively show the effect of transactions that occurred at a later date (even though this was accomplished by following generally accepted practice and using reasonable assumptions), there are limitations inherent in the very nature of pro forma data. The criteria for the preparation of the pro forma reclassified financial statements of Parmalat S.p.A. and of the pro forma reclassified consolidated financial statements in accordance with Consob Communication No. DEM/1052803 del 05/07/2001 are explained in a separate section at the end of this Report. Additional information about the assumptions and basic criteria underlying the presentation of the pro forma financial statements are provided in Chapter IV.1.2 of the Prospectus.
Moreover, since the market value of each acquired asset and liability was not available on the date the pro forma financial statements at June 30, 2005 were prepared, the acquisition price was allocated to these items on a preliminary basis.
Criteria for the Preparation of pro forma financial statement at December 31, 2005
The 2005 Annual Report of the Parmalat Group covers essentially the period from October 1, 2005 to December 31, 2005, because October 1, 2005 was the date when the assets and liabilities of the companies that put forth the Proposal of Composition with Creditors were transferred to Parmalat. For the sake of greater disclosure, full-year pro forma financial statements for 2005 for the operations transferred to Parmalat on October 1, 2005 is also provided.