Reclassified consolidated balance sheet

(€ millions)

Reclassified consolidated balance sheet items 31.12.2008 31.12.2009
(Where not expressly stated, the component is taken directly from the legally required format) Notes to the consolidated financial statements Partial amount from legally required format Amount from reclassified format Partial amount from legally required format Amount from reclassified format
Fixed capital
Property, plant and equipment 10,549 16,025
Compulsory inventories 405
Intangible assets 39 741
Equity investments 301
Financial receivables held for operations (see note 2) 2
Net payables for investments, consisting of: (286) (397)
- Payables for investments (see note 13) (298) (429)
- Receivables for investments/divestments (see note 2) 12 32
Total fixed capital 10,302 17,077
Net working capital
Trade receivables (see note 2) 417 738
Inventories 128 411
Tax receivables, consisting of: 6 21
- Current income tax assets 1 2
- Other current tax assets (*) 2 5
- IRES receivables for national consolidated tax scheme (see note 2) 3 13
- Group VAT receivables (see note 2) 1
Trade payables (see note 13) (161) (471)
Tax payables, consisting of: (48) (67)
- Current income tax liabilities (1) (5)
- Other current tax liabilities (4) (18)
- IRES payables for national consolidated tax scheme (see note 13) (3) (36)
- Group VAT payables (see note 13) (40) (8)
Deferred tax liabilities (487) (934)
Provisions for risks and charges (52) (669)
Derivative instruments (see notes 5,10,15,20) (39) (78)
Other assets, consisting of: 25 145
- Other receivables (see note 2) 20 130
- Other current assets (see note 5) 2 5
- Other non-current assets (see note 10) 3 10
Accruals from regulated activities, consisting of: (190) (235)
- Accruals for regulated activities (see notes 5,10) 45 83
- Deferred and accrued income from regulated activities (see notes 15,20) (235) (318)
Other liabilities, consisting of: (63) (193)
- Other payables (see note 13) (34) (162)
- Other current liabilities (see note 15) (2) (5)
- Other non-current liabilities (see note 20) (27) (26)
Total net working capital (464) (1,332)
Provisions for employee benefits (29) (107)
Assets held for sale and directly related liabilities, consisting of: 14
- Assets held for sale (see note 11) 25
- Liabilities directly related to assets held for sale (see note 11) (11)
NET INVESTED CAPITAL 9,809 15,652
Equity including minority interests 3,573 5,703
Net financial debt
Financial liabilities, consisting of: 6,237 9,986
- Long-term financial liabilities 5,200 7,486
- Current share of long-term financial liabilities 14 915
- Short-term financial liabilities 1,023 1,585
Financial receivables and cash and cash equivalents, consisting of: (1) (37)
- Other financial assets (1) (1)
- Cash and cash equivalents (36)
Total net financial debt 6,236 9,949
COVERAGE 9,809 15,652

(*) Other current tax assets at 31 December 2008 have been reclassified to “Tax receivables” (€2 million).

Reclassified statement of cash flows

(€ millions)

Reclassified consolidated balance sheet items 2008 2009
Partial amount from legally required format Amount from reclassified format Partial amount from legally required format Amount from reclassified format
Net profit 530 732
Adjusted by:
Amortisation, depreciation and other non-monetary components 488 622
- Amortisation and depreciation 489 613
- Net impairment losses (reversal of impairment losses) 1 (22)
- Change in provisions for risks and charges (8) 26
- Change in provisions for employee benefits (1)
- Net expense for divestments and eliminations 6 6
Interest, income taxes and other changes: 490 552
- Interest assets (32) (9)
- Interest liabilities 255 212
- Income taxes 266 347
- Other changes 1 2
Cash flows from operating activities before changes in working capital 1,508 1,906
Changes in working capital due to operating activities: 90 (140)
- Inventories (33) 54
- Trade and other receivables 61 (202)
- Other assets (43) (35)
- Trade and other payables 31 (10)
- Other liabilities 74 53
Cash flows from operating activities 1,598 1,766
Interest and income taxes collected (paid): (545) (602)
- Interest collected 43 10
- Interest paid (252) (204)
- Income taxes (paid) received (336) (408)
Net cash flows from operating activities 1,053 1,164
Investments (1,097) (5,699)
- Property, plant and equipment (1,071) (1,189)
- Intangible assets (26) (36)
- Change in consolidation scope (4,474)
Divestments: 2 30
- Property, plant and equipment 2 18
- Equity investments 12
Net payables for investments 74 16
Free cash flow 32 (4,489)
Change in financial payables: 354 1,530
- Taking on long-term financial liabilities 3,564 12,407
- Repayment of long-term financial liabilities (2,865) (10,564)
- Increase (decrease) in short-term financial liabilities (345) (313)
Equity cash flows (386) 2,995
Net cash flows for the year 0 36
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