Barilla

Annual report 2008

Barilla Holding S.p.A.

Annual report 2008

Annual report 2008

Barilla Holding Società per Azioni

Summary

Annual report 2008

Chairman’s letter Directors and officers Directors’ Report Transactions involving investments Accounting standards - International Financial Reporting Standards (IFRS) General information Consolidated financial highlights Summary consolidated financial information Group structure and organisation Group companies and related brands The international economy Group operating review Capital expenditure Research and development Other significant operating events Corporate governance Risk management Environment and employees Related party transactions Significant events after the balance sheet date Management outlook Consolidated financial statements for the year ended 31 December 2008 Consolidated balance sheet Consolidated income statement Income statement of discontinued operations Consolidated cash flow statement Cash flows generated from discontinued operations SoRIE - Statement of Recognised Income and Expenses Explanatory notes 1. Group structure and business 2. Significant events after the balance sheet date 3. Declaration of compliance with International Financial Reporting Standards (IFRS) 4. Basis of preparation – accounting and valuation policies 5. Change in the scope of consolidation 6. Notes to the consolidated financial statements 7. Financial instruments and net financial position 8. Disclosures in accordance with IAS 24 for related party transactions and key management compensation Annexes 1. List of consolidates companies 2. List of investments in associated and other companies 3. Currency rates of exchange Report of Independent Auditors

5 7 9 9 9 10 10 12 14 16 18 19 23 24 24 25 26 26 27 27 28 30 30 32 32 33 34 34 35 35 35 35 35 46 47 72 77 79 79 83 84 86

3

Luca, Paolo e Guido Barilla

Annual report 2008

Chairman’s letter

2008 was marked by the global crisis in the...