Half-Yearly Financial Report
at 30 June 2022
TABLE OF CONTENTS | |
Main alternative performance measures | 6 |
Summarised economic and financial data | 7 |
Human Resources and Organisation | 13 |
Relationships with RAI Group Companies | 13 |
Significant events | 13 |
Disclosures on the main risks and uncertainties faced by the Company | 15 |
Events subsequent to 30 June 2022 | 15 |
Business outlook | 16 |
Management and coordination | 16 |
Half-yearly financial report at 30 June 2022 | 17 |
Introduction (note 1) | 21 |
Amendments and interpretations of current standards, effective as at 1 January
2022 (note 2) | 22 |
Segment information (note 3) | 23 |
Seasonality of the reference business (note 4) | 23 |
Notes on the main changes in the Income Statement | 24 |
Revenues (note 5) | 24 |
Other revenues and income (note 6) | 25 |
Costs (note 7) | 25 |
Amortisation/depreciation, Other write-downs and Provisions (note 8) | 26 |
Financial Income and Expenses (note 9) | 26 |
Income Tax (note 10) | 27 |
Notes on principal changes in the Balance Sheet | 28 |
Non-Current Assets (note 11) | 28 |
Current Assets (note 12) | 29 |
Shareholders' Equity (note 13) | 30 |
Non-current liabilities (note 14) | 30 |
Current liabilities (note 15) | 31 |
Earnings per Share (note 16) | 32 |
2 |
Net financial debt (note 17) | 32 |
Commitments and guarantees (note 18) | 33 |
Transactions deriving from abnormal and/or unusual operations (note 19) | 33 |
Other Information (note 20) | 33 |
Declaration pursuant to Art. 154-bis, paragraph 5 of Legislative Decree No. | |
58/1998 | 40 |
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Company name, share capital and registered office | ||
Company Name: | Rai Way S.p.A. | |
Share Capital: | € 70,176,000 fully paid-up | |
Registered Office: | Via Teulada, 66 - 00195 Rome | |
Tax and VAT code: | 05820021003 | |
Company website: | www.raiway.it | |
Managed and coordinated by RAI - Radiotelevisione Italiana S.p.A. | ||
The Company does not have any branch offices. | ||
Corporate Bodies and Committees 1 | ||
Board of Directors | Board of Statutory Auditors | |
Chairman | Chairman | |
Maurizio Rastrello | Silvia Muzi | |
Chief Executive Officer | Standing Auditors | |
Aldo Mancino | Massimo Porfiri | |
Directors | Barbara Zanardi | |
Substitute Auditors | ||
Riccardo Delleani | ||
Annalisa Raffaella Donesana | Cristina Chiantia | |
Roberta Enni | Paolo Siniscalco | |
Barbara Morgante | ||
Umberto Mosetti | ||
Donatella Sciuto | ||
Paola Tagliavini | ||
Secretary of the Board | Auditing Company | |
Giorgio Cogliati | PricewaterhouseCoopers S.p.A. | |
Control, Risks and Sustainability | CommitteeRemuneration | and |
Appointments Committee | ||
Paola Tagliavini (Chairman) | Riccardo Delleani (Chairman) | |
Barbara Morgante | Annalisa Raffaella Donesana | |
Donatella Sciuto | Umberto Mosetti |
1 In office at the date of this report.
Information on the powers assigned within the Board of Directors and the Company' s system of corporate governance in general can be found in the Corporate Governance and Ownership Structure Report relating to FY 2021, published on the Company website(www.raiway.it).
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Rai Way S.p.A.'s activities
Rai Way2 (hereafter the Company) is a leading provider of integrated networks infrastructures and services for broadcasters, telecommunication operators, corporates and public administrations; the Company uses its own assets and its own competences to guarantee the public radio and television service and the transport and broadcast of television and radio content to its customers, in Italy and abroad, using its excellent wealth of technological, engineering and management know-how, in addition to its infrastructures.
Since 2014, Rai Way has been listed on the Electronic Stock Market (MTA) of Borsa Italiana following the Global Offering promoted by the Shareholder RAI, which allowed the Company to confirm its previously initiated opening to the market, reinforcing its image as an independent enterprise.
In carrying out its activities, Rai Way also operates in over 2,300 sites equipped with infrastructure and systems for transmitting and broadcasting television and radio signals throughout Italy, it has 21 local network centres and it avails itself of highly specialised workforce.
The services offered by the Company include:
- Broadcasting services, meaning services for the terrestrial and satellite transmission of television and radio signals, through the network infrastructure, to the final users within a geographical area;
- Transmission services, for the transmission of radio and television signals via the dedicated network (radio links, satellite, fibre optic) and in particular the provision of Contribution Services, meaning one-directional transport services;
2 Rai Way has joined the simplification regime provided for by Arts. 70, paragraph 8, and 71, paragraph 1-bis, of Consob Regulation No. 11971 of 14 May 1999 and subsequent amendments and integrations (Consob Issuers Regulation), and, therefore, it does not need to meet the informational document publication obligations set forth for significant merger, spin-off, capital increase by means of the contribution of assets in kind, acquisition and disposal transactions.
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Rai Way S.p.A. published this content on 14 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2022 13:54:02 UTC.