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19 Short-term financial liabilities

Short-term financial liabilities of €1,947 million (€505 million at 31 December 2012) are denominated entirely in euros and relate mainly to revolving and non-revolving credit lines with banks (€1,936 million).

The market value of the financial liabilities is analysed in Note 30, “Guarantees, commitments and risks”.

At 31 December 2013, Snam had unused uncommitted credit lines worth €0.14 billion.

At 31 December 2013, there were no breaches of loan agreements.

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