Amortisation, depreciation and impairment losses
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|
(€ million) |
2011 |
2012 |
2013 |
Change |
% Change |
|
Amortisation and depreciation |
663 |
702 |
759 |
57 |
8.1 |
|
Business segments |
|
|
|
|
|
|
Transportation |
435 |
449 |
473 |
24 |
5.3 |
|
Regasification |
5 |
5 |
5 |
|
|
|
Storage |
56 |
63 |
64 |
1 |
1.6 |
|
Distribution |
167 |
183 |
214 |
31 |
16.9 |
|
Corporate |
|
2 |
3 |
1 |
50.0 |
|
Impairment losses (Recovery of value) |
(9) |
4 |
10 |
6 |
|
|
|
654 |
706 |
769 |
63 |
8.9 |
Amortisation and depreciation (€759 million) increased by €57 million compared with 2012, due mainly to the entry into service of new infrastructure. The increase also reflects the effects of amortisation of the costs incurred for the award of the natural gas distribution concession for the Municipality of Rome, where Italgas no longer owns the assets but is licensed to use them (+€15 million). These costs, net of the reimbursement as determined by the agreement with the Municipality of Rome, are amortised over the duration of the concession (12 years).
Impairment losses (€10 million) related to methane pipelines that were no longer viable in the natural gas transportation segment.