Reconciliation of the reclassified consolidated financial statements with the legally - required formats

Fixed capital

Property, plant and equipment (*)

13,533

14,053

Compulsory inventories

405

405

Intangible assets

4,262

4,444

Equity investments

319

319

Financial receivables held for operations

(see note 7)

2

2

Net payables for investments, consisting of:

(549)

(445)

- Payables for investments

(see note 18)

(627)

(486)

- Receivables for investments/divestments

(see note 7)

78

41

Total fixed capital

17,972

18,778

Net working capital

Trade receivables

(see note 7)

777

1,367

Inventories (*)

147

235

Tax receivables, consisting of:

18

47

- Current income tax assets

3

- Other current tax assets

4

5

- IRES receivables for national tax consolidation scheme

(see note 7)

10

35

- Group VAT receivables

(see note 7)

4

4

Trade payables

(see note 18)

(468)

(556)

Tax payables, consisting of:

(115)

(230)

- Current income tax liabilities

(11)

(175)

- Other current tax liabilities

(20)

(16)

- IRES payables for national tax consolidation scheme

(see note 18)

(69)

(19)

- Group VAT payables

(see note 18)

(15)

(20)

Deferred tax liabilities

(853)

(901)

Provisions for risks and charges

(629)

(527)

Derivatives

(see notes 15, 21, 26)

(74)

(266)

Other assets, consisting of:

98

133

- Other receivables

(see note 7)

73

96

- Other current assets

(see note 10)

8

22

- Other non-current assets

(see note 15)

17

15

Accruals and deferrals from regulated activities, consisting of:

(352)

(358)

- Accrued income from regulated activities

(see notes 10, 15)

80

77

- Prepaid income from regulated activities

(see note 21, 26)

(432)

(435)

Other liabilities, consisting of:

(174)

(642)

- Other payables

(see note 18)

(143)

(263)

- Other current liabilities

(see note 21)

(4)

(4)

- Other non-current liabilities

(see note 26)

(27)

(375)

Total net working capital

(1,625)

(1,698)

Provisions for employee benefits

(105)

(107)

Assets held for sale and directly related liabilities consisting of:

15

16

- Assets held for sale

(see note 16)

25

25

- Liabilities directly associated with assets held for sale

(see note 16)

(10)

(9)

NET INVESTED CAPITAL

16,257

16,989

Shareholders’ equity including minority interests

5,916

5,792

Net financial debt

Financial liabilities, consisting of:

10,350

11,199

- Long-term financial liabilities

7,186

6,800

- Current share of long-term financial liabilities

1,320

1,612

- Short-term financial liabilities

1,844

2,787

Financial receivables, cash and cash equivalents, consisting of:

(9)

(2)

- Other financial assets

(1)

- Cash and cash equivalents

(8)

(2)

Total net financial debt

10,341

11,197

COVERAGE

16,257

16,989