Reconciliation of the reclassified financial statements with the compulsory formats
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(€ million) |
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Reclassified statement of financial position items |
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31.12.2014 |
31.12.2015 |
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(Where not expressly stated, the component is taken directly from the legally required format) |
Reference to Notes to the consolidated financial statements |
Partial amount from legally required format |
Amount from reclassified format |
Partial amount from legally required format |
Amount from reclassified format |
Fixed capital |
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Property, plant and equipment |
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15,399 |
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15,478 |
Compulsory inventories |
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363 |
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363 |
Intangible assets |
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5,076 |
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5,275 |
Equity-accounted investments |
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1,402 |
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1,372 |
Financial receivables held for operating activities |
(note 8) |
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78 |
Net payables for investments, consisting of: |
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(427) |
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(445) |
- Payables for investment activities |
(note 17) |
(440) |
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(468) |
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- Receivables from investment/divestment activities |
(note 8) |
13 |
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23 |
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Total fixed capital |
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21,813 |
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22,121 |
Net working capital |
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Trade receivables |
(note 8) |
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1,728 |
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1,677 |
Inventories |
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155 |
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152 |
Tax receivables, consisting of: |
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90 |
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96 |
- Current income tax assets and other current tax assets |
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58 |
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62 |
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- IRES receivables for the national tax consolidation scheme |
(note 8) |
32 |
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34 |
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Trade payables |
(note 17) |
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(816) |
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(694) |
Tax liabilities, consisting of: |
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(22) |
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(51) |
- Current income tax liabilities and other current tax liabilities |
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(21) |
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(51) |
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- IRES payables for the national tax consolidation scheme |
(note 17) |
(1) |
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Liabilities for deferred taxes |
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(513) |
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(388) |
Provisions for risks and charges |
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(1,014) |
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(776) |
Derivatives |
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(4) |
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7 |
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Other assets, consisting of: |
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217 |
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167 |
- Other receivables |
(note 8) |
92 |
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90 |
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- Other current and non-current assets |
(note 11) |
125 |
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77 |
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Assets and liabilities from regulated activities, consisting of: |
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(36) |
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(56) |
- Regulated assets |
(note 11) |
144 |
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150 |
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- Regulated liabilities |
(note 18) |
(180) |
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(206) |
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Other liabilities, consisting of: |
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(649) |
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(741) |
- Other payables |
(note 17) |
(512) |
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(584) |
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- Other current and non-current liabilities |
(note 18) |
(137) |
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(157) |
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Total net working capital |
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(864) |
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(607) |
Provisions for employee benefits |
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(141) |
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(166) |
Assets held for sale and directly related liabilities, consisting of: |
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16 |
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17 |
- Assets held for sale |
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23 |
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24 |
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- Liabilities directly associated with assets held for sale |
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(7) |
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(7) |
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NET INVESTED CAPITAL |
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20,824 |
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21,365 |
Shareholders’ equity including minority interests |
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7,172 |
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7,586 |
Net financial debt |
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Financial liabilities, consisting of: |
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13,942 |
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13,796 |
- Long-term financial liabilities |
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11,885 |
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11,067 |
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- Current portion of long-term financial liabilities |
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999 |
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1,378 |
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- Short-term financial liabilities |
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1,058 |
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1,351 |
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Financial receivables and cash and cash equivalents, consisting of: |
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(290) |
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(17) |
- Financial receivables not held for operating activities |
(note 8) |
(216) |
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- Cash and cash equivalents |
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(74) |
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(17) |
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Total net financial debt |
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13,652 |
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13,779 |
COVERAGE |
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20,824 |
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21,365 |
| Download XLS (28 kB) |
(€ million) |
2014 |
2015 |
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Items from the reclassified statement of cash flows and reconciliation with the legally required format |
Partial amount from legally required format |
Amount from reclassified format |
Partial amount from legally required format |
Amount from reclassified format |
Net profit |
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1,198 |
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1,238 |
Adjusted for: |
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Amortisation, depreciation and other non-monetary components: |
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670 |
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744 |
- Amortisation and depreciation |
797 |
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846 |
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- Impairment losses |
6 |
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3 |
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- Equity method valuation effect |
(79) |
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(126) |
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- Change in provisions for employee benefits |
(2) |
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30 |
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- Other changes |
(52) |
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(9) |
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Net capital losses (capital gains) on asset sales and eliminations |
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20 |
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32 |
Interest, income taxes and other changes: |
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840 |
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804 |
- Interest income |
(19) |
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(8) |
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- Interest expense |
350 |
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345 |
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- Income taxes |
509 |
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467 |
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Change in working capital due to operating activities: |
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(88) |
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40 |
- Inventories |
(18) |
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55 |
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- Trade receivables |
65 |
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(9) |
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- Trade payables |
(154) |
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(128) |
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- Change in provisions for risks and charges |
23 |
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(14) |
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- Other assets and liabilities |
(4) |
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136 |
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Dividends, interest and income taxes collected (paid): |
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(1,111) |
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(804) |
- Dividends collected |
99 |
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141 |
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- Interest collected |
1 |
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5 |
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- Interest paid |
(346) |
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(345) |
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- Income taxes (paid) received |
(865) |
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(605) |
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Net cash flow from operating activities |
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1,529 |
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2,054 |
Technical investments: |
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(1,283) |
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(1,186) |
- Property, plant and equipment |
(917) |
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(793) |
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- Intangible assets |
(366) |
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(393) |
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Investments in companies joining the scope of consolidation and business units: |
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(10) |
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(46) |
Equity investments |
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(5) |
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(144) |
Financial receivables held for operating activities |
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(78) |
Divestments: |
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10 |
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153 |
- Property, plant and equipment |
3 |
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6 |
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- Equity investments |
7 |
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147 |
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Other changes relating to investment activities: |
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56 |
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18 |
- Change in net payables relating to investment activities |
54 |
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18 |
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- Other changes relating to divestment activities |
2 |
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Free cash flow |
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297 |
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771 |
Change in financial receivables not held for operating activities |
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(216) |
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216 |
Change in financial payables: |
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490 |
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(169) |
- Taking on long-term financial debt |
2,971 |
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1,167 |
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- Repaying long-term financial debt |
(1,474) |
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(1,620) |
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- Increase (decrease) in short-term financial debt |
(1,007) |
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284 |
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Equity cash flow |
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(505) |
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(875) |
Change in scope of consolidation |
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6 |
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Net cash flow for the period |
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72 |
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(57) |