19 Revenue

The breakdown of revenue for the first half of 2015, which totalled €1,959 million (€1,922 million in the first half of 2014), is shown in the following table.

The reasons for the most significant changes are described in the “Financial review” section of the interim directors’ report.

Core business revenue of €1,886 million consists of revenue from the transportation (€1,010 million), distribution (€650 million)¹⁴, storage (€209 million) and LNG regasification (€11 million) segments.

The Group generates all of its revenue in Italy. An analysis of revenue by business segment can be found in Note 26 “Information by business segment”.

Core business revenue is reported net of the following items involving tariff components, in addition to the tariff, applied to cover gas system expenses of a general nature. Amounts received from Snam are paid in full to the Electricity Equalisation Fund.

Other revenue and income

Other revenue and income, which amounted to €73 million (€55 million in the first half of 2014), can be broken down as follows:

Other income (€34 million) mainly relates to sales of natural gas no longer used for transportation (€22 million).

Snam’s business is not affected by seasonal factors which would have a significant impact on its annual or interim financial results.