Reconciliation of the reclassified financial statement with the compulsory formats
| Download XLS (29 kB) |
Reclassified statement of financial position |
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(€ millions) |
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Restated statement of financial position items |
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31.12.2016 |
30.06.2017 |
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(Where not expressly stated, the component is taken directly from the legally required format) |
Reference to the notes to the condensed half-year consolidated financial statements |
Partial amount from legally required format |
Amount from reclassified format |
Partial amount from legally required format |
Amount from reclassified format |
Fixed capital |
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Property, plant and equipment |
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15,563 |
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15,623 |
Compulsory inventories |
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363 |
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363 |
Intangible assets |
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810 |
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809 |
Equity-accounted investments |
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1,499 |
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1,483 |
Financial receivables held for operations |
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213 |
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309 |
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Net payables for investments, consisting of: |
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(368) |
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(291) |
- Payables for investment activities |
(384) |
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(296) |
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- Receivables from investment/divestment activities |
16 |
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5 |
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Total fixed capital |
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18,080 |
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18,296 |
Net working capital |
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Trade receivables |
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1,271 |
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941 |
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Inventories |
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118 |
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132 |
Tax receivables, consisting of: |
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42 |
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23 |
- Current income tax assets and other current tax assets |
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32 |
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14 |
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- IRES receivables for the national tax consolidation scheme |
10 |
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9 |
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Trade payables |
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(433) |
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(329) |
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Tax liabilities, consisting of: |
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(12) |
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(82) |
- Current income tax liabilities and other current tax liabilities |
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(10) |
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(81) |
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- IRES payables for the national tax consolidation scheme |
(2) |
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(1) |
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Liabilities for deferred taxes |
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(187) |
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(172) |
Provisions for risks and charges |
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(707) |
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(669) |
Derivatives |
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24 |
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1 |
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Other assets, consisting of: |
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70 |
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105 |
- Other receivables |
10 |
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13 |
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- other current and non-current assets |
60 |
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92 |
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Assets and liabilities from regulated activities, consisting of: |
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(73) |
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(177) |
- Regulated assets |
106 |
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89 |
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- Regulated liabilities |
(179) |
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(266) |
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Other liabilities, consisting of: |
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(596) |
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(747) |
- Other payables |
(445) |
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(595) |
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- Other current and non-current liabilities |
(151) |
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(152) |
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Total net working capital |
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(483) |
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(974) |
Provisions for employee benefits |
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(44) |
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(46) |
NET INVESTED CAPITAL |
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17,553 |
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17,276 |
Shareholders’ equity including minority interests |
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6,497 |
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6,100 |
Net financial debt |
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Financial liabilities, consisting of: |
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11,090 |
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11,204 |
- Long-term financial liabilities |
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8,737 |
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9,054 |
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- Current portion of long-term financial liabilities |
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856 |
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965 |
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- Short-term financial liabilities |
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1,497 |
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1,185 |
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Financial receivables and cash and cash equivalents, consisting of: |
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(34) |
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(28) |
- Cash and cash equivalents |
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(34) |
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(28) |
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Total net financial debt |
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11,056 |
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11,176 |
COVERAGE |
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17,553 |
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17,276 |
| Download XLS (28 kB) |
Reclassified statement of cash flows |
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First half |
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(€ millions) |
2016 |
2017 |
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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 - continuing operations |
364 |
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504 |
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Net Profit - discontinued operations |
162 |
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Net profit |
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526 |
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504 |
Adjusted for: |
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Amortisation, depreciation and other non-monetary components: |
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382 |
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235 |
- Amortisation and depreciation |
447 |
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319 |
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- Net impairment losses on tangible and intangible fixed assets |
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2 |
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- Equity method valuation effect |
(64) |
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(88) |
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- Change in provisions for employee benefits |
(1) |
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2 |
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Net capital losses on asset sales and eliminations |
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15 |
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1 |
Interest and income taxes: |
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385 |
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285 |
- Interest income |
(3) |
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(3) |
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- Interest expense |
159 |
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105 |
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- Income taxes |
229 |
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183 |
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Change in working capital due to operating activities: |
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167 |
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495 |
- Inventories |
8 |
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(39) |
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- Trade receivables |
432 |
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330 |
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- Trade payables |
(86) |
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(104) |
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- Change in provisions for risks and charges |
18 |
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3 |
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- Other assets and liabilities |
(205) |
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305 |
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Dividends, interest and income taxes collected (paid): |
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(275) |
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(119) |
- Dividends collected |
102 |
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121 |
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- Interest collected |
1 |
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- Interest paid |
(159) |
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(105) |
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- Income taxes (paid) received |
(219) |
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(135) |
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Net cash flow from operating activities |
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1,200 |
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1,401 |
Technical investments: |
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(499) |
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(424) |
- Property, plant and equipment |
(343) |
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(399) |
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- Intangible assets |
(156) |
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(25) |
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Equity investments |
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(26) |
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(34) |
Financial receivables held for operations |
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(69) |
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(93) |
Divestments: |
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2 |
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19 |
- Property, plant and equipment |
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1 |
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- Equity investments |
2 |
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18 |
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Other changes relating to investment activities: |
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(100) |
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(77) |
- Change in net payables relating to investment activities |
(100) |
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(77) |
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Free cash flow |
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508 |
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793 |
Change in financial payables: |
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371 |
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121 |
- Taking on long-term financial debt |
370 |
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1,265 |
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- Repaying long-term financial debt |
(338) |
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(832) |
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- Increase (decrease) in short-term financial debt |
339 |
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(312) |
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Equity cash flow |
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(875) |
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(920) |
- Dividends paid to Snam shareholders |
(875) |
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(920) |
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Net cash flow for the period |
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4 |
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(6) |