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all\rquote 1-1-2004 pm deteneva su conti valutari disponibilità liquide in dollari, che in sede di transizione ifrs sono state decurtate della relativa perdita su cambi da valutazione, già inclusa all\rquote interno del fondo oscillazione cambi nel bilancio redatto secondo principi contabili italiani.
at 1-1-2004, pm had foreign currency accounts cash balances in dollars, that during the transition to ifrs were reduced by the relative loss on foreign currency exchange , already included within the currency fluctuation fund in the balance sheet written up according to italian accounting principles.