Snam.it

Operating costs

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(€ million)

2010

2011

2012

Change

% change

Business segments

 

 

 

 

 

Transportation

343

387

478

91

23.5

Regasification

24

23

25

2

8.7

Storage

63

64

69

5

7.8

Distribution

640

633

698

65

10.3

- of which effects of IFRIC 12

349

360

325

(35)

(9.7)

Corporate

 

 

176

176

 

Consolidation adjustments/eliminations

(102)

(114)

(246)

(132)

 

Consolidation adjustments

 

 

(71)

(71)

 

 

968

993

1,129

136

13.7

Operating costs (€1,129 million) increased by €136 million, or 13.7%, compared with 2011. Excluding the effects of applying IFRIC 12, operating costs increased by €171 million compared with 2011, or 27.0%.

OPERATING COSTS – REGULATED AND NON-REGULATED ACTIVITIES

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(€ million)

2010

2011

2012

Change

% change

Regulated business costs

942

967

1,011

44

5

Controllable fixed costs

465

456

453

(3)

(0.7)

Variable costs

19

18

48

30

 

Other costs

458

493

510

17

3,4

- of which effects of IFRIC 12

349

360

325

(35)

(9.7)

Non-regulated business costs

26

26

118

92

 

 

968

993

1,129

136

13.7

Regulated business operating costs

Controllable fixed costs23 (€453 million) fell by €3 million (-0.7%) compared with 2011.

Variable costs (€48 million) rose by €30 million compared with 2011, due mainly to withdrawals of gas from the storage system in connection with balancing activities (€44 million).

Other costs, of €510 million, mainly consist of the costs of construction and upgrading of distribution infrastructure (€325 million), recorded pursuant to IFRIC 12, and of expenses offset in revenue primarily relating to connection costs (€46 million). Excluding the effects of IFRIC 12 and of components offset in revenue, other costs totalled €136 million, up by €50 million compared with 2011, due mainly to higher provisions for risks.

Non-regulated business operating costs

Non-regulated business operating costs (€118 million) rose by €92 million compared with 2011, due mainly to withdrawals from storage in relation to the sale of assets not essential to transportation activities.

The following table shows the workforce in service at 31 December 2012 (6,051 people) by business segment and professional status.

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(number)

2010

2011

2012

Change

% change

Business segments

 

 

 

 

 

Transportation

2,636

2,755

1,978

(777)

(28.2)

Regasification

70

74

78

4

5.4

Storage

279

278

307

29

10.4

Distribution

3,119

3,005

3,016

11

0.4

Corporate

 

 

672

672

 

 

6,104

6,112

6,051

(61)

(1.0)

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(number)

2010

2011

2012

Change

% change

Professional status

 

 

 

 

 

Executives

116

118

115

(3)

(2.5)

Managers

508

544

560

16

2.9

Office workers

3,243

3,277

3,257

(20)

(0.6)

Manual workers

2,237

2,173

2,119

(54)

(2.5)

 

6,104

6,112

6,051

(61)

(1.0)

23 Refer to the “Glossary” section of this report for the definition of controllable fixed costs.

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Snam’s presence in Italy

Infrastructure as
at 31 December 2012

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