Giglio.Com — Audit Report / Information 2016

Apr 11, 2017

Informazione Regolamentata n. 20076-23-2017		Data/Ora Ricezione 11 Aprile 2017 20:20:08	AIM -Italia/Mercato Alternativo del Capitale
Societa'	:	Giglio Group S.p.A.
Identificativo Informazione Regolamentata	:	87884
Nome utilizzatore	:	GIGLION01 - Elena Gallo
Tipologia	:	AVVI 16
Data/Ora Ricezione	:	11 Aprile 2017 20:20:08
Data/Ora Inizio Diffusione presunta	:	11 Aprile 2017 20:35:09
Oggetto	:	AUDIT SYSTEMS	IMPLEMENTATION OF THE INTERNAL
Testo del comunicato

Vedi allegato.

GIGLIO GROUP:

IMPLEMENTATION OF THE 262/2005 ACCORDING TO THE BEST IN VIEW OF THE TRANSITION TO EXCHANGE AND THE RESTATEMENT OF SOME PREVIOUS YEARS DESIGNATING INTERNAL AUDIT SYSTEMS PURSUANT TO LAW INTERNATIONAL STANDARD TO THE STAR SEGMENT OF THE ITALIAN STOCK BALANCE SHEET ITEMS OF THAT WERE UNDERESTIMATED DESIGNATING THE EXECUTIVE OFFICER. S

Milan, 11 April 2017 – Giglio Group company, informs that, today, the Board of Administration, segment of the Italian Stock Exchange within the summer, and with the aim to be compliant to the best market practices, has approved the new auditors and certified as under Law 262 Group (Aim Italia-Ticker GGTV), The first and only in view of the transition to the STAR new internal audit system that meet \ 2005. e-commerce 4.0 meets the demands of the

The Group has set out adequate administrative and accountin the financial statements and the consolidated financial statements and all other financial documents and has identified the accounting procedures for the drawing up the role of the Executive Officer. g up of other informing of

The Board has furthermore examined and approved a new and the consolidated Financial Statement. In par Fashion and M-Three on 31 December 2016, the company has deemed it appropriate to some accounting entries of the years 2014 and 2015 that had determined the recognition of further amortisations and deferred taxation with a non 2016, in particular: draft budget as at 31 December 2016 particular, also as a result of the m non-recurring impact on the , merger with Giglio restate recurring net results of

• Reversal of wrongly deferred tax assets posted to 2014 and 2015 for Euro 126,000;
• Higher Amortization due to the related to the acquisition of M3 of the accurate allocation of PPA (Purchase Price € 89,000; Purchase Price Allocation) of 2015
• Greater IRES and IRAP taxation recognized for ation for 2016 of Euro 99,000.

	31.12.2016	31.12.2015
Non current Assets	20.147.560	14.197.298
Tangible assets	6.965.001	8.161.445
dubbing	0
editing	8.426.571	5.651.531
others intangible assets	283.495	0
Intangible Assets	8.710.066	5.651.531
Goodwill	4.134.439	50.000
Investments in Associates	(0)	0
Receivables	139.658	136.786
Tax deferred Assets	198.396	197.537
CURRENT ASSETS	25.605.220	10.138.854
Inventories	2.768.653	139.017
Receivables and others	18.888.840	8.278.719
Financial receivables	0	0
Tax receivables	1.599.166	521.003
Others assets	531.552	0
Cash and Banks	1.817.010	1.200.114
TOTAL ASSETS	45.752.780	24.336.152
		0
NON CURRENT LIABILITIES	8.284.346	4.509.718
Contingency Fund	282.864	236.558
Deferred Tax liabilities	365.879	654.344
non current financial liabilities	7.635.603	3.618.816
CURRENT LIABILITIES	24.683.047	10.960.503
Amounts payable to sulliers	18.310.718	8.283.878
Current financial liabilities	4.418.250	1.547.284
Tax Liabilities	1.337.944	1.129.341
Others liabilities	616.135	0
TOTAL LIABILITIES	32.967.393	15.470.221
Share capital	2.963.650	2.832.000
Reserves	7.750.087	5.566.769
Reserve for Cost	(540.755)	(476.651)
Reserve FTA	3.814	3.814
Consolidation Reserve	(582)	0
Retained earnings	1.283.690	(67.487)
Net profit	1.325.482	1.007.486
EQUITY	12.785.388	8.865.931
TOTAL EQUITY AND LIABILITIES	45.752.780	24.336.152

	31.12.2016	31.12.2015
Revenues	34.315.051	13.768.644
Other revenues	145.615	206.172
Var. inventories	(680.912)	(48)
Raw materials	(14.895.832)	(50.149)
services	(8.982.172)	(7.990.855)
Lease Costs	(589.670)	(561.401)
Total operation costs	(10.507.108)	(8.602.452)
Salary	(1.067.810)	(486.099)
Contribution	(297.996)	(104.255)
TFR	(60.915)	(22.873)
Total Personnal costs	(1.426.721)	(613.228)
Amortization tangible assets	(2.913.393)	(1.357.024)
Amortization intangibles Assets	(1.833.359)	(1.364.276)
Depreciation	(128.772)	(228.250)
Total Amortization and
depreciations	(4.875.524)	(2.949.550)
Other costs	(644.347)	(20.088)
Risultato operativo	2.365.488	1.789.498
Financial costs	(486.438)	(395.462)
Profit before tax	1.879.050	1.394.036
Taxes	(553.567)	(386.549)
Net profit	1.325.482	1.007.487

The new documents to support the Shareholders' Meeting will be made available to the public as according to the law.

Information on the Giglio Group:

Founded by Alessandro Giglio in 2003 and listed on the Italian Stock Exchange the AIM market since 7 August 2015, Giglio Group is an e-commerce 4.0 company. The group is a leader in the broadcasting radio and television sector, it has developed cutting-edge digital solutions and represents, in online fashion, a digital market place at a global level, catering to thirty major digital retailers in the world. Giglio Group also produces multimedia content that is broadcasted in 46 countries, 5 continents and in six languages through its television channels (Channel Nautical, Giglio TV, Acqua and PlayMe), visible on all TV, digital, web and mobile devices. In 2016, the group launched its e-commerce 4.0 model, currently operating in China and the US: users "see and buy" by clicking on their smartphone / tablet or by taking a photograph of the product they are watching on television, for revolutionary shopping experience. Giglio Group is headquartered in Milan, Rome, New York (Giglio USA) and Shanghai (Giglio Shanghai).

Press Office: Nomad:

Spriano CommunicationBanca Finnat EuramerciaS.p.A. Matteo Russo e Cristina Tronconi Palazzo Altieri, Piazza del Gesù 49 mob. 347/9834881 00186 Roma mrusso@sprianocommunication.com; Tel.: +39 06 699331 ctronconi@sprianocommunication.com;