Net income from equity investments
| Download XLS (22 kB) |
|
(€ million) |
2011 |
2012 |
2013 |
Change |
% Change |
|
Equity method valuation effect |
45 |
55 |
45 |
(10) |
(18.2) |
|
Capital gains from sale of equity investments |
4 |
|
|
|
|
|
Other net income (expense) |
2 |
|
|
|
|
|
|
51 |
55 |
45 |
(10) |
(18.2) |
Net income from equity investments (€45 million) mainly refers to the share of net income for the period of investee companies valued at equity, and refers to associate companies Azienda Energia e Servizi Torino S.p.A. (€36 million), Toscana Energia S.p.A. (€19 million), Gasbridge 1 B.V. and Gasbridge 2 B.V. (€12 million in total). This income was partly offset by lower capital gains from the valuation of Snam’s equity investment in TIGF Holding (€27 million), which was affected by the costs incurred by TIGF Investissements during the acquisition of TIGF S.A. (mainly registration tax).