Results
| Download XLS (18 kB) |
(€ million) |
2014 |
2015 |
2016 |
Change |
% change |
||||||
|
|||||||||||
Total revenue (*) |
28 |
25 |
19 |
(6) |
(24.0) |
||||||
Regulated revenue (*) |
25 |
19 |
18 |
(1) |
(5.3) |
||||||
- of which revenue items offset in costs |
6 |
1 |
|
(1) |
(100.0) |
||||||
Operating costs (*) |
23 |
19 |
12 |
(7) |
(36.8) |
||||||
EBIT |
|
1 |
(5) |
(6) |
|
||||||
Net invested capital at 31 December |
84 |
89 |
93 |
4 |
4.5 |
||||||
Technical investments (**) |
7 |
7 |
7 |
|
|
||||||
Volumes of LNG regasified (billions of cubic metres) (***) |
0.01 |
0.03 |
0.21 |
0.18 |
|
||||||
Tanker loads (number) |
1 |
1 |
5 |
4 |
|
||||||
Employees in service at 31 December (number) |
77 |
73 |
71 |
(2) |
(2.7) |
||||||
Results
Total revenue amounted to €19 million, down by €6 million (24.0%) compared with 2015. Net of components offset in costs19, total revenue was down by €5 million, or 20.8%, due essentially to lower revenue from non-regulated activities deriving from the sale of gas on the balancing market.
Regulated revenue, amounting to €18 million (substantially unchanged with respect to 2015), refers to fees for the regasification service and relates almost entirely to the applicable portion of the guarantee factor for the year 2016, established in Article 18 of Annex A to Resolution 438/2013/R/gas.
The EBIT ended with an operating loss of €5 million, against EBIT of €1 million in 2015. The operating loss was connected with the impairment losses on property, plant and equipment not available for use (-€7 million), considering the uncertainty regarding the future usability of those elements of property, plant and equipment.
19 Revenues offset in costs refer to the costs that GNL charges back to its customers for use of the transportation service provided by Snam Rete Gas.