Reconciliation of the reclassified financial statement with the compulsory formats
| Download XLS (23 kB) |
Reclassified statement of financial position |
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(millions of €) |
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Reclassified statement of financial position items |
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31.12.2015 |
30.06.2016 |
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(Where not expressly stated, the component is taken directly from the legally required format) |
Reference in Notes to the consolidated financial statements |
Partial amount from legally required format |
Amount from reclassified format |
Partial amount from legally required format |
Amount from reclassified format |
Non-current assets |
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Property, plant and equipment |
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15,478 |
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15,677 |
Compulsory inventories |
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363 |
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363 |
Intangible assets |
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5,275 |
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5,265 |
Equity-accounted investments |
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1,372 |
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1,337 |
Financial receivables held for operations |
(note 5) |
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78 |
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147 |
Net payables for investments, consisting of: |
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(445) |
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(325) |
- Payables for investment activities |
(note 13) |
(468) |
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(341) |
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- Receivables from investment/divestment activities |
(note 5) |
23 |
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16 |
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Total fixed capital |
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22,121 |
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22,464 |
Net working capital |
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Trade receivables |
(note 5) |
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1,677 |
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1,247 |
Inventories |
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152 |
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175 |
Tax receivables, consisting of: |
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96 |
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72 |
- Current income tax assets and other current tax assets |
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62 |
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38 |
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- IRES receivables for the national tax consolidation scheme |
(note 5) |
34 |
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34 |
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Trade payables |
(note 13) |
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(694) |
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(608) |
Tax liabilities, consisting of: |
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(51) |
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(72) |
- Current income tax liabilities and other current tax liabilities |
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(51) |
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(72) |
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Liabilities for deferred taxes |
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(388) |
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(352) |
Provisions for risks and charges |
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(776) |
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(946) |
Derivative instruments |
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7 |
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35 |
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Other assets, consisting of: |
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167 |
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260 |
- Other receivables |
(note 5) |
90 |
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180 |
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- Other current and non-current assets |
(note 8) |
77 |
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80 |
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Assets and liabilities from regulated activities, consisting of: |
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(56) |
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(88) |
- Regulated assets |
(note 8) |
150 |
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114 |
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- Liabilities from regulated activities |
(note 14) |
(206) |
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(202) |
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Other liabilities, consisting of: |
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(741) |
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(613) |
- Other payables |
(note 13) |
(584) |
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(428) |
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- Other current and non-current liabilities |
(note 14) |
(157) |
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(185) |
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Total net working capital |
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(607) |
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(890) |
Provisions for employee benefits |
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(166) |
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(165) |
Assets held for sale and directly related liabilities, consisting of: |
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17 |
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18 |
- Assets held for sale |
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24 |
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24 |
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- Liabilities directly associated with assets held for sale |
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(7) |
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(6) |
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NET INVESTED CAPITAL |
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21,365 |
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21,427 |
Shareholders’ equity including minority interests |
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7,586 |
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7,250 |
Net financial debt |
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Financial liabilities, consisting of: |
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13,796 |
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14,198 |
- Long-term financial liabilities |
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11,067 |
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10,334 |
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- Current portion of long-term financial liabilities |
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1,378 |
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2,168 |
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- Short-term financial liabilities |
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1,351 |
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1,696 |
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Financial receivables and cash and cash equivalents, consisting of: |
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(17) |
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(21) |
- Cash and cash equivalents |
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(17) |
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(21) |
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Total net financial debt |
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13,779 |
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14,177 |
COVERAGE |
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21,365 |
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21,427 |
| Download XLS (21 kB) |
Reclassified statement of cash flows |
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(millions of €) |
First half 2015 |
First half 2016 |
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Items from the reclassified statement of cash flows and reconciliation with the legally required format |
Partial amount from legally required format |
Amount from reclassified format |
Partial amount from legally required format |
Amount from reclassified format |
Net profit |
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612 |
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526 |
Adjusted for: |
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Amortisation, depreciation and other non-monetary components: |
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351 |
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382 |
- Amortisation and depreciation |
422 |
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447 |
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- Equity method valuation effect |
(70) |
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(64) |
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- Change in provisions for employee benefits |
(2) |
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(1) |
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- Other changes |
1 |
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Net capital losses on asset sales and eliminations |
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10 |
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15 |
- Interest and income taxes |
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452 |
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385 |
- Interest income |
(7) |
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(3) |
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- Interest expense |
176 |
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159 |
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- Income taxes |
283 |
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229 |
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Change in working capital due to operating activities: |
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30 |
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167 |
- Inventories |
37 |
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8 |
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- Trade receivables |
350 |
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432 |
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- Trade payables |
(205) |
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(86) |
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- Change in provisions for risks and charges |
(20) |
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18 |
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- Other assets and liabilities |
(132) |
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(205) |
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Dividends, interest and income taxes collected (paid): |
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(309) |
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(275) |
- Dividends collected |
99 |
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102 |
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- Interest collected |
4 |
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1 |
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- Interest paid |
(172) |
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(159) |
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- Income taxes (paid) received |
(240) |
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(219) |
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Net cash flow from operating activities |
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1,146 |
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1,200 |
Technical investments: |
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(454) |
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(499) |
- Property, plant and equipment |
(313) |
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(343) |
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- Intangible assets |
(141) |
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(156) |
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Investments in companies joining the scope of consolidation and business units: |
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(45) |
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Equity investments |
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(14) |
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(26) |
Financial receivables held for operations |
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(69) |
Divestments: |
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87 |
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2 |
- Property, plant and equipment |
1 |
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- Equity investments |
86 |
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2 |
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Other changes relating to investment activities: |
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(133) |
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(100) |
- Change in net payables relating to investment activities |
(133) |
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(100) |
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Free cash flow |
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587 |
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508 |
Change in financial receivables not held for operations |
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(5) |
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Change in financial payables: |
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243 |
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371 |
- Taking on long-term financial debt |
591 |
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370 |
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- Repaying long-term financial debt |
(502) |
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(338) |
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- Increase (decrease) in short-term financial debt |
154 |
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339 |
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Equity cash flow |
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(875) |
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(875) |
- Dividends paid to Snam shareholders |
(875) |
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(875) |
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Net cash flow for the period |
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(50) |
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4 |