Reconciliation of the reclassified financial statements with the compulsory formats
| Download XLS (23 kB) |
(€ million) |
31.12.2017 |
|
31.12.2018 |
||
Reclassified balance sheet items |
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 |
Fixed capital |
|
|
|
|
|
Property, plant and equipment |
|
|
16,033 |
|
16,153 |
Compulsory inventories |
|
|
363 |
|
363 |
Intangible assets |
|
|
850 |
|
907 |
Equity investments comprising: |
|
|
1,591 |
|
1,750 |
- Equity investments measured using the equity method |
|
1,547 |
|
1,710 |
|
- Other equity investments |
|
44 |
|
40 |
|
Long-term financial receivables |
|
373 |
|
11 |
|
Net payables for investments, consisting of: |
|
|
(335) |
|
(328) |
Payables for investment activities |
(347) |
|
(337) |
|
|
- Receivables from investment/divestment activities |
12 |
|
9 |
|
|
Total fixed capital |
|
|
18,875 |
|
18,856 |
Net working capital |
|
|
|
|
|
Trade receivables |
|
1,274 |
|
1,247 |
|
Inventories |
|
|
86 |
|
109 |
Tax receivables, consisting of: |
|
|
46 |
|
26 |
- Current income tax assets and other current tax assets |
|
37 |
|
17 |
|
IRES receivables for the national tax consolidation scheme |
9 |
|
9 |
|
|
Trade payables |
|
(406) |
|
(491) |
|
Tax liabilities, consisting of: |
|
|
(11) |
|
(23) |
- Current income tax liabilities and other current tax liabilities |
|
(11) |
|
(23) |
|
Deferred tax liabilities |
|
|
(165) |
|
(134) |
Provisions for risks and charges |
|
|
(677) |
|
(665) |
Derivative hedging instruments |
|
(12) |
|
(29) |
|
Other assets, consisting of: |
|
|
50 |
|
105 |
- Other receivables |
13 |
|
72 |
|
|
- Other current and non-current assets |
37 |
|
33 |
|
|
Assets and liabilities from regulated activities, consisting of: |
|
|
(231) |
|
(362) |
- Regulated assets |
68 |
|
26 |
|
|
- Regulated liabilities |
(299) |
|
(388) |
|
|
Other liabilities, consisting of: |
|
|
(1,033) |
|
(1,042) |
- Other payables |
(920) |
|
(940) |
|
|
- Other current and non-current liabilities |
(113) |
|
(102) |
|
|
Total net working capital |
|
|
(1,079) |
|
(1,259) |
Provisions for employee benefits |
|
|
(58) |
|
(64) |
NET INVESTED CAPITAL |
|
|
17,738 |
|
17,533 |
Shareholders’ equity (entirely attributable to Snam’s shareholders) |
|
|
6,188 |
|
5,985 |
Net financial debt |
|
|
|
|
|
Financial liabilities, consisting of: |
|
|
12,619 |
|
13,420 |
- Long-term financial liabilities |
|
10,176 |
|
9,787 |
|
- Short-term portion of long-term financial liabilities |
|
1,070 |
|
1,657 |
|
- Short-term financial liabilities |
|
1,373 |
|
1,976 |
|
Financial receivables and cash and cash equivalents, consisting of: |
|
|
(1,069) |
|
(1,872) |
- Short-term financial receivables |
|
(350) |
|
|
|
- Cash and cash equivalents |
(719) |
|
(1,872) |
|
|
Total net financial debt |
|
|
11,550 |
|
11,548 |
COVERAGE |
|
|
17,738 |
|
17,533 |
| Download XLS (23 kB) |
(€ million) |
2017 |
2018 |
||
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 |
|
897 |
|
960 |
Adjusted for: |
|
|
|
|
Amortisation, depreciation and other non-monetary components: |
|
511 |
|
543 |
- Amortisation and depreciation |
646 |
|
682 |
|
- Impairment losses |
13 |
|
8 |
|
- Equity method valuation effect |
(161) |
|
(157) |
|
- Change in provisions for employee benefits |
13 |
|
7 |
|
- Other changes |
|
|
3 |
|
Net capital losses (capital gains) on asset sales and eliminations |
|
4 |
|
12 |
Interest and income taxes: |
|
585 |
|
557 |
- Dividends |
|
|
(2) |
|
- Interest income |
(9) |
|
(12) |
|
- Interest expense |
265 |
|
230 |
|
- Income taxes |
329 |
|
341 |
|
Change in working capital due to operating activities: |
|
334 |
|
185 |
- Inventories |
(42) |
|
(33) |
|
- Trade receivables |
1 |
|
41 |
|
- Trade payables |
(26) |
|
76 |
|
- Change in provisions for risks and charges |
16 |
|
9 |
|
- Other assets and liabilities |
385 |
|
92 |
|
Dividends, interest and income taxes collected (paid): |
|
(467) |
|
(431) |
- Dividends collected |
149 |
|
151 |
|
- Interest collected |
2 |
|
4 |
|
- Interest paid |
(265) |
|
(230) |
|
- Income taxes (paid) received |
(353) |
|
(356) |
|
Net cash flow from operating activities |
|
1,864 |
|
1,826 |
Technical investments: |
|
(1,016) |
|
(849) |
Property, plant and equipment |
(950) |
|
(772) |
|
- Intangible assets |
(66) |
|
(77) |
|
Technical disinvestments: |
|
3 |
|
2 |
Property, plant and equipment |
3 |
|
2 |
|
Companies (entering) leaving the scope of consolidation and business units |
|
(166) |
|
(32) |
- Change in scope of consolidation and business units |
(166) |
|
(38) |
|
- Change in net payables relating to investments |
|
|
6 |
|
Equity investments |
|
(75) |
|
(144) |
- Investments in shares |
(111) |
|
(165) |
|
- Disinvestments in shares |
36 |
|
21 |
|
- Change in net debts relating to investments |
|
|
|
|
Short-term financial receivables |
|
(154) |
|
371 |
- Stipulation of short-term financial receivables |
(154) |
|
(148) |
|
- Repayment of short-term financial receivables |
|
|
519 |
|
Other changes relating to investment activities: |
|
(33) |
|
(13) |
- Change in net payables relating to technical investments |
(33) |
|
(13) |
|
Free cash flow |
|
423 |
|
1,161 |
Change in long-term financial receivables |
|
(350) |
|
350 |
Change in financial payables: |
|
1,540 |
|
799 |
- Taking on long-term financial debt |
3,129 |
|
1,810 |
|
- Repaying long-term financial debt |
(1,465) |
|
(1,608) |
|
- Increase (decrease) in short-term financial debt |
(124) |
|
597 |
|
Equity cash flow |
|
(928) |
|
(1,157) |
- Dividends paid |
(718) |
|
(731) |
|
- Acquisition of self-owned shares |
(210) |
|
(426) |
|
Net cash flow for the period |
|
685 |
|
1,153 |