Financial Statements at 31/12/2024
Name Registered office Quota capital
Fully paid-up quota capital
CCIAA (Chamber of Commerce) Code VAT
Tax code
REA (Administrative Economic Register): Legal status
Company details
DESIO OBG S.R.L.
VIA V. ALFIERI 1 - 31015 CONEGLIANO (TV) 10,000
yes
04864650264
04864650264 "
404888 "
Limited Liabili Company
Core business sector (ATECO, Classification of Economic Activities)
Company in liquidation Sole-quotaholder company
Company subject to third-party management and coordination
Name of the company or entity that carries out management and coordination
Membership to a group Name of the parent company
Country of the parent company
Number of registration in the register of cooperative companies
SPV activities (64.99.40)
no no yes
yes
BANCO DI DESIO E DELLA BRIANZA S.P.A. ITALY
31/12/2024 31/12/2023
Balance sheet Assets
A) Subscribed capital unpaid
B) Fixed assets | |||||||||
I - Intangible assets | |||||||||
II - Property, plant and equipment | |||||||||
III - Non-current financial assets | |||||||||
Total fixed assets (B) | |||||||||
C) Current assets | |||||||||
I - Inventories | |||||||||
Property, plant and equipment held for sale | |||||||||
t | II - Receivables | ||||||||
due within 12 months | 5,595 | 2,118 | |||||||
due beyond 12 months | 200 | 1,140 | |||||||
deferred tax assets | |||||||||
Total receivables | 5,795 | j | 3,258 | ||||||
III - Current financial assets | |||||||||
IV - Cash and cash equivalents | 33,497 | 47,350 | |||||||
Total current assets (C) | 39,292 | 50,608 | |||||||
D) Accrued income and prepaid expenses | 13,361 | | | 10,781 | ||||||
Total assets | 52,653 | 61,389 | |||||||
Liabilities | |||||||||
A) Equity | |||||||||
I - Quota capital | 10,000 | 10,000 | |||||||
ll - Premium reserve | |||||||||
III - Revaluation reserves | |||||||||
IV - Legal reserve | |||||||||
V - Reserves required by articles of association | |||||||||
VI - Other reserves | 0 | 1 | |||||||
VII - Cash flow hedge reserve | |||||||||
| 0 | 0 | |||||||
Loss covered in the year | |||||||||
I | X - Negative reserve for own quotas in portfolio | ||||||||
Total equity | 10,000 | 10,001 | |||||||
B) Provisions for risks and charges | |||||||||
Employee severance pay
Payables
due within 12 months due beyond 12 months Total payables
Accrued expenses and deferred income Total liabilities
32,864
32,864
9,789
52,653
44,150
44,150
7,238
61,389
lncome statement
Value of production
31/12/2024 31/1212023
revenues from sales and services 0 0
, 3) changes in inventories of work in progress, semi-finished and finished products and contract work in progress
changes in inventories of work in progress, semi-finished and finished products
changes in contract work in progress
capitalisation of internal construction costs
other revenues and income
operating grants
others
102,119
95,645
Total other revenues and income
102,119
95,645
Total value of production
102,119
95,645
Production costs
raw materials, supplies, consumables and goods for resale
services
leases and rentals
personnel
wages and salaries
social security contributions
, d), e) employee severance pay, pension fund, other personnel costs
employee severance pay
pension fund and similar obligations
other costs
Total personnel costs
amortisation, depreciation and write-downs
, b), c) amortisation of intangible assets, depreciation of property, plant and equipment, other write-downs of fixed assets
amortisation of intangible assets
depreciation of property, plant and equipment
other write-downs of fixed assets
write-downs of receivables stated in current assets and of cash and cash equivalents
Total amortisation, depreciation and write-downs
102,473
95,453
11) changes in inventories of raw materials, supplies, consumables and | ||||
goods for resale 12) provisions for risks | ||||
13) other provisions | ||||
! | 14) other operating costs | 489 | 463 | |
Total production costs | 102,962 | 95,916 | ||
! | Difference between production value and costs (A - B) | (843) | i | (271) |
C) Financial income and costs | ||||
income from equity investments from subsidiaries
I from associates
from parent companies
from entities controlled by parent companies others
Total income from equity investments
other financial income
from receivables stated in fixed assets from subsidiaries
from associates
from parent companies
from entities controlled by parent companies others
Total financial income from receivables stated in fixed assets
, c) from securities stated in fixed assets other than equity investments and from securities stated in current assets other than equity investments
from securities stated in fixed assets other than equity investments
from securities stated in current assets other than equity investments
income other than the foregoing
from subsidiaries from associates from parent companies from entities controlled by parent companies | |||||
others | 1,959 | 1,529 | |||
Total income other than the foregoing | 1,959 | ‹ | 1,529 | ||
Total other financial income | 1,959 | 1,529 | |||
1 | 17) interest and other ùnancial costs | ||||
to subsidiaries | |||||
to associates to parent companies | |||||
to entities controlled by parent companies | |||||
others | |||||
t | Total interest and other financial costs | ||||
17-bis) foreign exchange gains and losses | |||||
! | Total financial income and costs (15 + 16 - 17 + - 17-bis) | 1,959 | 1,529 | ||
D) Value adjustments to financial assets and liabilities
revaluations
of equity investments
of non-current financial assets other than equity investments
of securities stated in current assets other than equity investments
of derivatives
of financial assets for cash pooling Total revaluations
write-downs
of equity investments
of non-current financial assets other than equity investments
of securities stated in current assets other than equity investments
of derivatives
of financial assets for cash pooling Total write-downs
Total value adjustments to financial assets and liabilities (18 - 19)
Profit (loss) before tax (A - B + - C + - D) 20) Current, deferred and prepaid taxes for the year | 1,116 | 1,258 |
current taxes | 837 | 1,258 |
taxes relating to previous years | 279 | |
deferred and prepaid taxes income (costs) from agreement to tax consolidation / tax transparency |
scheme
Total current, deferred and prepaid taxes for the year
21) Profit (loss) for the year
1.116
0
1.258
o
Notes to the Financial Statements at 31 December 2024 Notes to the financial statements, first part The Company's businessDear Quotaholder, these Explanatory Notes form an integral part of the financial statements at 31 December 2024.
The Company was established on 27 February 2017 pursuant to Law no. 130 of 30 April 1999 ("Law no. 130") which contains provisions governing the implementation of securitisation transactions in Italy.
Legislative Decree no. 141 of 2010, as amended, provides that securitisation SPVs must be established as joint stock companies.
Pursuant to the Bank of Italy's Order of 12 December 2023, in force from 20 December 2023 (replacing the previously applicable Bank of Italy's Order of 7 June 2017, in force as early as 30 June 2017), the Company is registered on the List of Securitisation Companies kept by the Bank of Italy. In compliance with the Articles of Association and the provisions of Law no. 130, the sole purpose of the Company is the acquisition from banks of the assets listed below, for valuable consideration, within one or more issues (including both single transactions and programmes) of covered bonds (Obbligazioni Bancarie Garantite) carried out pursuant to Title I-bis of Law no. 130, as amended and supplemented, and related implementing provisions:
land and mortgage loans, which can also be identified in bulk;
receivables that are claimed from or guaranteed by public authorities, and securities issued or guaranteed at the same terms and conditions, which can also be identified in bulk;
securities issued within securitisation transactions concerning receivables that are of the same type;
additional eligible assets or integration eligible assets that are permitted by the aforesaid regulations;