Financial results

Natural gas transportation revenue totalled €1,902 million, up by €35 million, or 1.9%, compared with 2011. This increase was due mainly to the contribution of investments made in 2010 (+€93 million), the effects of which were partly offset by tariff updating (-€58 million) and lower volumes of natural gas transported (-€8 million). Higher revenue from tariff components offset in costs (+€8 million) also contributed to the increase in transportation revenue.

EBIT for 2012 was €1,135 million, down by €2 million, or 0.2%, compared with 2011. Higher transportation revenues (+€27 million, net of the components offset in costs) were more than offset by higher operating costs (-€16 million, net of the components offset in revenues) as a result of higher net provisions for risks and charges (-€27 million), which were partly offset by lower capital losses on eliminations of fixed assets (+€10 million), and of higher amortisation and depreciation (-€14 million), owing mainly to the entry into service of new infrastructure.

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