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Net income from equity investments

The table below illustrates net income from equity investments (€55 million):

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(€ million)

2010

2011

2012

Change

% change

Equity method valuation effect

47

45

55

10

22.2

Capital gains from sale of equity investments

 

4

 

(4)

(100.0)

Other net income (expense)

 

2

 

(2)

(100.0)

 

47

51

55

4

7.8

Net income from equity investments (€55 million) relates mainly to the share of the net results for the period of equity-accounted investments in the natural gas distribution segment, relating in particular to associate companies Azienda Energia e Servizi Torino S.p.A. (€35 million) and Toscana Energia S.p.A. (€17 million).