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Amortisation, depreciation and impairment losses

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(€ million)

2011

2012

2013

Change

% Change

Amortisation and depreciation

663

702

759

57

8.1

Business segments

 

 

 

 

 

Transportation

435

449

473

24

5.3

Regasification

5

5

5

 

 

Storage

56

63

64

1

1.6

Distribution

167

183

214

31

16.9

Corporate

 

2

3

1

50.0

Impairment losses (Recovery of value)

(9)

4

10

6

 

 

654

706

769

63

8.9

Amortisation and depreciation (€759 million) increased by €57 million compared with 2012, due mainly to the entry into service of new infrastructure. The increase also reflects the effects of amortisation of the costs incurred for the award of the natural gas distribution concession for the Municipality of Rome, where Italgas no longer owns the assets but is licensed to use them (+€15 million). These costs, net of the reimbursement as determined by the agreement with the Municipality of Rome, are amortised over the duration of the concession (12 years).

Impairment losses (€10 million) related to methane pipelines that were no longer viable in the natural gas transportation segment.

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