Information pursuant to Article 1, paragraph 125, of Law No. 124 of August 4, 2017
It is hereby disclosed that the company has benefited from State aid and de minimis aid as recorded in the “National Register of State Aid” referred to in Art. 52 of Law No. 234 of 24/12/2012, which has been registered in the aforementioned system and published in the transparency section therein, by the entities granting or managing such aid in accordance with the relevant regulations.
For such aid, the publication in the aforementioned Register fulfills the obligations of disclosure in the Notes to the Financial Statements as well as on the Internet site of the beneficiary entity.
In compliance with the transparency and disclosure requirements pursuant to Law No. 124 of August 4, 2017, Article 1, paragraphs 125-129 (as replaced by Art. 35 of Decree-Law No. 34 of April 30, 2019), which requires companies to indicate in the Notes to the Financial Statements “the amounts and information relating to grants, subsidies, advantages, contributions, or aid, whether in cash or in kind, that are not of a general nature and do not have compensatory, remunerative, or indemnity character, that were actually disbursed by public administrations,” the following details of the related amounts are provided:
GRANTING ENTITY: Simest SpA
GRANTOR’S TAX ID: 04102891001
CONTRIBUTION AMOUNT: €80,000.00
PURPOSE: Capitalization of exporting companies
RECEIPT PERIOD: 2020
The company has also:
- recorded in the 2020 financial statements the amount of €7,698.00 as a non-repayable grant under Article 25 of Decree-Law No. 34 of May 19, 2020;
- deducted the “notional” amount of €4,462.00 from the first IRAP advance payment for 2020 from the calculation of the tax balance for the same period, pursuant to the provisions introduced by Article 24 of Decree-Law No. 23 of April 8, 2020;
- obtained a subsidized loan of €120,000.00 under the 394/81 fund.
