CONSOLIDATED
ANNUAL
FINANCIAL
REPORT
2022
Leading the evolution of the servicing industry
CONSOLIDATED
ANNUAL
FINANCIAL
REPORT
Registered office: Viale dell’Agricoltura, 7 – 37135 Verona
Share capital € 41,280,000.00 fully paid-up
Parent Company of the doValue Group
Registered in the Company Register of Verona, Tax I.D. no. 00390840239 and VAT registration no. 0265994023
www.dovalue.it
CONTENT
INTRODUCTION
DIRECTORS’ REPORT ON THE GROUP
CONSOLIDATED FINANCIAL STATEMENTS AS AT DECEMBRER 31, 2022
1. CONSOLIDATED FINANCIAL STATEMENTS
ILLUSTRATIVE NOTES
2. ACCOUNTING POLICIES
3. INFORMATION ON THE CONSOLIDATED BALANCE SHEET
4. INFORMATION ON CONSOLIDATED INCOME STATEMENT
5. INFORMATION ON RISKS AND RISK MANAGEMENT POLICIES
6. SEGMENT REPORTING
7. BUSINESS CONBINATION
8. RELATED-PARTY TRANSACTIONS
9. ANNEXES
10. CERTIFICATIONS AND REPORTS
CERTIFICATION OF THE FINANCIAL REPORTING OFFICER
INDEPENDENT AUDITOR’S REPORT
CONSOLIDATED FINANCIAL STATEMENTS AS AT DECEMBRER 31, 2022
DIRECTORS’ REPORT
ON THE GROUP
INTRODUCTION
4
37
81
82
89
90
134
164
176
186
190
194
199
201
4
We contribute to maintaining
equilibrium in the economy, favouring
financial inclusion.
The provision of credit is one of the main
drivers of growth and economic development.
It allows to undertake entrepreneurial projects
that create innovation and employment and to
start personal projects related to fundamental
stages of our lives.
The management of non-performing loans is
a fundamental activity that boost economic
growth, promotes a more efficient and
equitable allocation of resources within society
and allows to debtor clients to be reincluded in
the economic and financial system.
With more than 20 years of experience and
approximately €120 billion of assets under
management, the doValue Group is the
main operator in Southern Europe in the
management of credit portfolios and real
estate assets deriving from non-performing
loans.