The table below illustrates net income from equity investments (€55 million):
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| (€ million) | 2010 | 2011 | 2012 | Change | % change | 
| Equity method valuation effect | 47 | 45 | 55 | 10 | 22.2 | 
| Capital gains from sale of equity investments | 
 | 4 | 
 | (4) | (100.0) | 
| Other net income (expense) | 
 | 2 | 
 | (2) | (100.0) | 
| 
 | 47 | 51 | 55 | 4 | 7.8 | 
Net income from equity investments (€55 million) relates mainly to the share of the net results for the period of equity-accounted investments in the natural gas distribution segment, relating in particular to associate companies Azienda Energia e Servizi Torino S.p.A. (€35 million) and Toscana Energia S.p.A. (€17 million).



