gruppo editoriale l espresso società per azioni interim report at june 30 2006 the has been translated from that issued in italy italian into english language solely for convenience of international readers contents board directors on group operations operating performance 1 st half 11 consolidated results by area 12 subsequent events and outlook 15 16 parent company spa 24 financial statements balance sheet income statement 31 cash flows 32 changes shareholders equity 33 notes to 37 attachments 84 90 91 92 93