activities classified as eligible for the Taxonomy. Regulation (EU) 2020/852 provides the reporting to be extended to the other four environmental targets in 2022, with a disclosure requirement for operations in 2023.
CALCULATION METHODOLOGY AND RESULTS OF THE INDICATORS PROVIDED FOR IN THE TAXONOMY REGULATION
TURNOVER: Based on the interpretation of the requirements currently appli- cable, the Group assessed that its main commercial activities are not included among those currently identified by the regula- tions of reference for the two environmental objectives mentioned above, and consequently are not considered as eligible at the date of preparation of this Document.
For the calculation of the turnover indicator the consolidat- ed net turnover was taken as denominator. With regard to the nu- merator, in view of the above-mentioned considerations and of the interpretation of the Taxonomy Regulation, at the date of publica- tion of this Document, no part of the turnover obtained from the sale of products or services associated with economic activities considered eligible in relation to the objectives of Climate change mitigation and Climate change adaptation has been identified. Percentage of Turnover eligible in 2021: 0%
CAPEX: For the capital expenditures (CapEx) indicator calculation, at the denominator was considered the increases in tangible fixed as- sets and intangible assets during the year, before depreciation and any revaluations, including those arising from restatements and reductions in value, for the year in question, and excluding changes in fair value. In particular, the denominator includes ac- quisitions of tangible fixed assets (IAS 16), intangible assets (IAS 38) and assets for rights of use (IFRS 16).
With regards to the numerator, increases in fixed assets linked to the purchase of output from economic activities aligned with the Taxonomy and/or relating to the measures implement- ed to allow a reduction in CO2 emissions in the atmosphere were considered eligible, mainly investments in construction works associated with the opening of new stores and the expansion and renovation of company sites and existing stores and, in particu- lar, for the energy efficiency and reduced energy consumption by these properties. Percentage of CapEx eligible in 2021: 3%
OPEX: When calculating the operating expenses (OpEx) indicator, for the denominator were considered all the non-capitalised direct costs related to research and development, maintenance and repair, as well as any other direct expenses connected to the daily mainte- nance of property, plant and machineries of the company or third parties to which such tasks are outsourced, necessary to ensure the continuous and effective functioning of such assets. Expens- es relating to the daily operation of property, plant and machiner- ies such as raw materials, cost of employees using the machine, electricity or fluids necessary for the operation of such assets were not included.
With regards to the numerator, were considered the costs included in the denominator relating to the purchase of output from eligible economic activities according to the Taxonomy and/ or relating to the measures implemented to enable a reduction of CO2 emissions in the atmosphere: in particular, costs of mainte- nance activities to ensure the functioning of energy systems for energy efficiency and to reduce the energy consumption of com- pany sites were included. Percentage of OpEx eligible in 2021: 5%
Further inquiries will be carried out and reported in line with the progressive evolution of Regulation (EU) 2020/852, with particu- lar reference to the further delegated acts for the remaining envi- ronmental objectives.
8.3 STATEMENT OF ASSURANCE
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