Reconciliation of the reclassified financial statements with the compulsory formats
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Reclassified balance sheet |
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(€ million) |
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31.12.2014 |
30.06.2015 |
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Reclassified balance sheet items |
Reference to notes to consolidated financial statements |
Partial amount from legally required format |
Amount from reclassified format |
Partial amount from legally required format |
Amount from reclassified format |
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Fixed capital |
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|
|
|
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Property, plant and equipment |
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15,399 |
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15,451 |
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Compulsory inventories |
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363 |
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363 |
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Intangible assets |
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5,076 |
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5,180 |
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Equity-accounted investments |
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1,402 |
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1,270 |
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Net payables for investments, consisting of: |
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(427) |
|
(294) |
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- Payables for investment activities |
(note 12) |
(440) |
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(306) |
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- Receivables from investment/ |
(note 4) |
13 |
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12 |
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Total fixed capital |
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21,813 |
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21,970 |
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Trade receivables |
(note 4) |
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1,728 |
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1,389 |
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Inventories |
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155 |
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160 |
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Tax receivables, consisting of: |
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90 |
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65 |
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- Current income tax assets and other current tax assets |
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58 |
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33 |
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- IRES receivables for national tax consolidation scheme |
(note 4) |
32 |
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32 |
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Trade payables |
(note 12) |
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(816) |
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(617) |
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Tax payables, consisting of: |
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(22) |
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(96) |
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- Current income tax liabilities and other current tax liabilities |
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(21) |
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(96) |
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- IRES payables for national tax consolidation scheme |
(note 12) |
(1) |
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Deferred tax liabilities |
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(513) |
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(483) |
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Provisions for risks and charges |
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(1,014) |
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(1,026) |
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(4) |
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(7) |
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Other assets, consisting of: |
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217 |
|
286 |
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- Other receivables |
(note 4) |
92 |
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183 |
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- Other current and non-current assets |
(note 7) |
125 |
|
103 |
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Assets and liabilities from regulated activities, consisting of: |
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(36) |
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(71) |
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- Regulated assets |
(note 7) |
144 |
|
133 |
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- Regulated liabilities |
(note 13) |
(180) |
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(204) |
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Other liabilities, consisting of: |
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(649) |
|
(558) |
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- Other payables |
(note 12) |
(512) |
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(390) |
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- Other current and non-current liabilities |
(note 13) |
(137) |
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(168) |
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Total net working capital |
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(864) |
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(958) |
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Provisions for employee benefits |
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(141) |
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(139) |
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Assets held for sale and directly related liabilities, consisting of: |
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16 |
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16 |
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- Assets held for sale |
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23 |
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23 |
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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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20,824 |
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20,889 |
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Shareholders’ equity including minority interests |
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7,172 |
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6,953 |
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Financial liabilities, consisting of: |
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13,942 |
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14,181 |
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- Long-term financial liabilities |
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11,885 |
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11,029 |
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- Current share of long-term financial liabilities |
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999 |
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1,940 |
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- Short-term financial liabilities |
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1,058 |
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1,212 |
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Financial receivables and cash and cash equivalents, consisting of: |
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(290) |
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(245) |
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- Financial receivables not held for operations |
(note 4) |
(216) |
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(221) |
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- Cash and cash equivalents |
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(74) |
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(24) |
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Total net financial debt |
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13,652 |
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13,936 |
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COVERAGE |
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20,824 |
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20,889 |
| Download XLS (28 kB) |
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Reclassified statement of cash flows |
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(€ million) |
First half 2014 |
First half 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 |
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561 |
|
612 |
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Adjusted for: |
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Amortisation, depreciation and other non-monetary components: |
|
337 |
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351 |
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384 |
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422 |
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- Equity method valuation effect |
(49) |
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(70) |
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- Change in provisions for employee benefits |
2 |
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(2) |
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- Other changes |
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1 |
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Net capital losses on asset sales and eliminations |
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5 |
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10 |
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- Interest and income taxes |
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495 |
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452 |
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- Interest income |
(11) |
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(7) |
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- Interest expense |
178 |
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176 |
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- Income taxes |
328 |
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283 |
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Change in working capital due to operating activities: |
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(194) |
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30 |
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- Inventories |
21 |
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37 |
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- Trade receivables |
509 |
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350 |
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- Trade payables |
(420) |
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(205) |
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- Change in provisions for risks and charges |
(16) |
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(20) |
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- Other assets and liabilities |
(288) |
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(132) |
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Dividends, interest and income taxes collected (paid): |
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(557) |
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(309) |
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- Dividends collected |
39 |
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99 |
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- Interest collected |
4 |
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4 |
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- Interest paid |
(176) |
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(172) |
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- Income taxes (paid) received |
(424) |
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(240) |
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Net cash flow from operating activities |
|
647 |
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1,146 |
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Technical investments: |
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(512) |
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(454) |
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- Property, plant and equipment |
(363) |
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(313) |
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- Intangible assets |
(149) |
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(141) |
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Investments in companies included in the scope of consolidation and business units: |
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(45) |
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Equity investments |
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(14) |
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Divestments: |
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7 |
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87 |
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- Property, plant and equipment |
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1 |
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- Intangible assets |
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- Equity investments |
7 |
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86 |
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Other changes relating to investment activities: |
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(38) |
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(133) |
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- Change in net payables for investments |
(38) |
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(133) |
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- Change in net payables for divestments |
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Free cash flow |
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104 |
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587 |
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Change in financial receivables not held for operation |
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(5) |
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Change in financial payables: |
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401 |
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243 |
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- Taking on long-term financial debt |
1,375 |
|
591 |
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- Repaying long-term financial debt |
(530) |
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(502) |
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- Increase (decrease) in short-term financial debt |
(444) |
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154 |
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Equity cash flow |
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(505) |
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(875) |
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- Transfer of treasury shares for stock options |
2 |
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- Dividends paid to Snam shareholders |
(507) |
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(875) |
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Net cash flow for the period |
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0 |
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(50) |