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|
(€ million) |
2009 |
2010 |
2011 |
Change |
Change % |
|
Depreciation |
613 |
668 |
663 |
(5) |
(0.7) |
|
Business segments |
|
|
|
|
|
|
Transportation |
499 |
430 |
435 |
5 |
1.2 |
|
Regasification |
4 |
4 |
5 |
1 |
25.0 |
|
Storage |
35 |
76 |
56 |
(20) |
(26.3) |
|
Distribution |
75 |
158 |
167 |
9 |
5.7 |
|
Impairment losses (Recovery of value) |
|
10 |
(9) |
(19) |
(190.0) |
|
|
613 |
678 |
654 |
(24) |
(3.5) |
Depreciation, amortisation and impairment losses (€654 million) fell by €24 million compared with 2010, due to: (i) lower amortisation and depreciation recorded in the storage segment (-€20 million) on the estimated (discounted) costs of dismantling storage sites19, and is attributable to the adjustment, as of 1 January 2011 with prospective effect, of the timing of expenditure relating to the dismantling and restoration of the sites; (ii) the recovery of value (€9 million) on some impaired assets in the distribution segment (€10 million) in 2010. These factors were partially offset by higher amortisation and depreciation in the natural gas transportation (+€5 million) and distribution (+€9 million) segments, due mainly to the entry into service of new infrastructure.
19 The current value of such costs is initially capitalised together with the cost of related activities as a counter-entry to specific provisions. It is charged to the income statement through amortisation.