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Revenue

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Total revenue

 

 

 

 

 

 

(€ million)

2011

2012

2013

Change

% Change

(*)

As at 1 April 2013, core business revenue in the storage segment includes the chargeback of the transportation service provided by Snam Rete Gas pursuant to Electricity and Gas Authority Resolution 297/2012/R/gas of 19 July 2012. Revenue from these chargebacks, amounting to €36 million in 2013, is offset in operating costs related to the purchase of transportation capacity provided by Snam Rete Gas.

Core business revenue

3,539

3,730

3,735

5

0.1

Business segments

 

 

 

 

 

Transportation

1,945

1,916

2,003

87

4.5

Regasification

34

34

31

(3)

(8.8)

Storage (*)

372

401

487

86

21.4

Distribution

1,297

1,434

1,315

(119)

(8.3)

- of which effects of IFRIC 12

360

325

319

(6)

(1.8)

Corporate

 

184

182

(2)

(1.1)

Consolidation adjustments

(109)

(239)

(283)

(44)

18.4

Other revenue and income

66

216

113

(103)

(47.7)

Total revenue

3,605

3,946

3,848

(98)

(2.5)

Core business revenue obtained in 2013 amounted to €3,735 million, up slightly by €5 million on 2012 (€3,730 million). The positive contribution from the natural gas transportation and storage segments, due to higher regulated revenue, was offset by a drop in revenue from distribution, mainly due to tariff adjustments in previous years (€143 million), entered in 2012 revenue.

Other revenue and income (€113 million) was down by €103 million on 2012. The decrease was mainly due to lower income from gas sales, relating to transportation (-€46 million) and lower capital gains on disposals of plants transferred to the municipalities conceding the natural gas distribution service (-€34 million).

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Revenue – Regulated and non-regulated activities

 

 

 

 

 

 

(€ million)

2011

2012

2013

Change

% Change

Revenue from regulated activities

3,538

3,802

3,810

8

0.2

Transportation

1,870

1,946

2,061

115

5.9

Regasification

23

23

22

(1)

(4.3)

Storage

338

353

400

47

13.3

Distribution

1,307

1,480

1,327

(153)

(10.3)

- of which effects of IFRIC 12

360

325

319

(6)

(1.8)

Revenue from non-regulated activities

67

144

38

(106)

(73.6)

 

3,605

3,946

3,848

(98)

(2.5)

Revenue from regulated activities (€3,810 million, net of consolidation adjustments) relates to transportation (€2,061 million; +5.9%), distribution (€1,327 million; €1,008 million net of the effects of IFRIC 12; -12.7%), storage (€400 million; +13.3%) and regasification (€22 million; -4.3%). Revenue from regulated activities, net of components that are offset in costs, amounted to €3,352 million, down by €32 million on 2012.

Revenue from non-regulated activities (€38 million, net of consolidation adjustments) mainly comprises: (i) income from renting and maintaining fibre optic telecommunications cables (€11 million); (ii) technical services relating mainly to natural gas distribution activities (€9 million); and (iii) income from property rental (€5 million). Net of components that are offset in costs, revenue from non-regulated activities was down by €26 million compared with 2012.

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