Reconciliation of the reclassified financial statements with the compulsory formats
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(€ million) |
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Reclassified balance sheet items |
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31.12.2015 |
31.12.2016 |
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(Where not expressly stated, the component is taken directly from the legally required format) |
Reference in 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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15,478 |
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15,563 |
Compulsory inventories |
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363 |
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363 |
Intangible assets |
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5,275 |
|
810 |
Investments valued using the equity method |
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1,372 |
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1,499 |
Financial receivables held for operating activities |
(note note 8) |
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78 |
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213 |
Net payables for investments, consisting of: |
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(445) |
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(368) |
Payables for investment activities |
(note note 16) |
(468) |
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(384) |
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- Receivables from investment/divestment activities |
(note note 8) |
23 |
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16 |
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Total fixed capital |
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22,121 |
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18,080 |
Net working capital |
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Trade receivables |
(note note 8) |
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1,677 |
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1,271 |
Inventories |
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152 |
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118 |
Tax receivables, consisting of: |
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96 |
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42 |
- Current income tax assets and other current tax assets |
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62 |
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32 |
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IRES receivables for the national tax consolidation scheme |
(note note 8) |
34 |
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10 |
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Trade payables |
(note note 16) |
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(694) |
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(433) |
Tax liabilities, consisting of: |
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(51) |
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(12) |
- Current income tax liabilities and other current tax liabilities |
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(51) |
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(10) |
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IRES payables for the national tax consolidation scheme |
(note note 16) |
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(2) |
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Deferred tax liabilities |
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(388) |
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(187) |
Provisions for risks and charges |
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(776) |
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(707) |
Derivatives |
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7 |
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24 |
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Other assets, consisting of: |
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167 |
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70 |
- Other receivables |
(note note 8) |
90 |
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10 |
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- Other current and non-current assets |
(note note 11) |
77 |
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60 |
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Assets and liabilities from regulated activities, consisting of: |
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(56) |
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(73) |
- Regulated assets |
(note note 11) |
150 |
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106 |
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- Regulated liabilities |
(note note 17) |
(206) |
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(179) |
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Other liabilities, consisting of: |
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(741) |
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(596) |
- Other payables |
(note note 16) |
(584) |
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(445) |
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- Other current and non-current liabilities |
(note note 17) |
(157) |
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(151) |
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Total net working capital |
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(607) |
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(483) |
Provisions for employee benefits |
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(166) |
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(44) |
Assets held for sale and directly related liabilities, consisting of: |
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17 |
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- Assets held for sale |
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23 |
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- Liabilities directly associated with assets held for sale |
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(6) |
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NET INVESTED CAPITAL |
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21,365 |
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17,553 |
Shareholders’ equity including minority interests |
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7,586 |
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6,497 |
Net financial debt |
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Financial liabilities, consisting of: |
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13,796 |
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11,090 |
- Long-term financial liabilities |
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11,067 |
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8,737 |
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- Short-term portion of long-term financial liabilities |
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1,378 |
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856 |
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- Short-term financial liabilities |
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1,351 |
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1,497 |
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Financial receivables and cash and cash equivalents, consisting of: |
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(17) |
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(34) |
- Cash and cash equivalents |
(note note 7) |
(17) |
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(34) |
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Total net financial debt |
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13,779 |
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11,056 |
COVERAGE |
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21,365 |
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17,553 |
| Download XLS (23 kB) |
(€ million) |
2015 |
2016 |
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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 – continuing operations |
796 |
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591 |
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Net Profit – discontinued operations |
442 |
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270 |
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Net profit |
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1,238 |
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861 |
Adjusted for: |
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Amortisation, depreciation and other non-monetary components: |
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744 |
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757 |
- Amortisation and depreciation |
846 |
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859 |
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- Impairment losses |
3 |
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35 |
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- Equity method valuation effect |
(126) |
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(133) |
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- Change in provisions for employee benefits |
30 |
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(4) |
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- Other changes |
(9) |
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Net capital losses (capital gains) on asset sales and eliminations |
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32 |
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36 |
Interest, income taxes and other changes: |
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804 |
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884 |
- Interest income |
(8) |
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(126) |
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- Interest expense |
345 |
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615 |
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- Income taxes |
467 |
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395 |
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Change in working capital due to operating activities: |
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40 |
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(176) |
- Inventories |
55 |
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15 |
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- Trade receivables |
(9) |
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34 |
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- Trade payables |
(128) |
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(148) |
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- Change in provisions for risks and charges |
(14) |
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24 |
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- Other assets and liabilities |
136 |
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(101) |
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Dividends, interest and income taxes collected (paid): |
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(804) |
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(735) |
- Dividends collected |
141 |
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148 |
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- Interest collected |
5 |
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122 |
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- Interest paid |
(345) |
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(615) |
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- Income taxes (paid) received |
(605) |
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(390) |
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Net cash flow from operating activities |
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2,054 |
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1,627 |
Technical investments: |
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(1,186) |
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(1,145) |
Property, plant and equipment |
(793) |
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(832) |
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- Intangible assets |
(393) |
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(313) |
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Technical disinvestments: |
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6 |
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2 |
Property, plant and equipment |
6 |
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2 |
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Companies (entering) leaving the area of consolidation |
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(46) |
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1,502 |
- Companies included in the scope of consolidation |
(46) |
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- Companies leaving the scope of consolidation |
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1,502 |
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Equity investments |
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3 |
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(168) |
- Investments in shares |
(144) |
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(170) |
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- Disinvestments in shares |
147 |
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2 |
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Financial receivables held for operating activities |
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(78) |
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(133) |
- Accesses of financial credits instrumental to operating activities |
(78) |
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(133) |
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Other changes relating to investment activities: |
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18 |
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22 |
Change in net payables relating to investment activities |
18 |
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22 |
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Free cash flow |
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771 |
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1,707 |
Change in financial receivables not held for operating activities |
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216 |
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Financial credits in companies leaving the area of consolidation |
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1,585 |
Change in financial payables: |
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(169) |
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(2,297) |
- Taking on long-term financial debt |
1,167 |
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2,039 |
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- Repaying long-term financial debt |
(1,620) |
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(4,479) |
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- Increase (decrease) in short-term financial debt |
284 |
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143 |
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Equity cash flow |
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(875) |
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(978) |
- Dividends paid |
(875) |
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(875) |
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- Acquisition of self-owned shares |
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(103) |
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Net cash flow for the period |
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(57) |
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17 |