13 Short-term financial liabilities
Short-term financial liabilities of €1,503 million (€1,947 million at 31 December 2013) are denominated entirely in euros and relate to credit lines with banks (€1,496 million).
The reduction of €444 million is due mainly to the repayment of a short-term loan that had fallen due for a nominal amount of €600 million.
The market value of short-term financial liabilities is the same as their book value.
At 30 June 2014, Snam had unused uncommitted credit lines worth €134 million.
As at the same date,there were no breaches of loan agreements at the reporting date.