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Reconciliation of the reclassified financial statement with the compulsory formats

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Reclassified statement of financial position

 

 

 

 

 

 

(millions of €)

 

 

 

Reclassified statement of financial position items

 

31.12.2015

30.06.2016

(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

Non-current assets

 

 

 

 

 

Property, plant and equipment

 

 

15,478

 

15,677

Compulsory inventories

 

 

363

 

363

Intangible assets

 

 

5,275

 

5,265

Equity-accounted investments

 

 

1,372

 

1,337

Financial receivables held for operations

(note 5)

 

78

 

147

Net payables for investments, consisting of:

 

 

(445)

 

(325)

- Payables for investment activities

(note 13)

(468)

 

(341)

 

- Receivables from investment/divestment activities

(note 5)

23

 

16

 

Total fixed capital

 

 

22,121

 

22,464

Net working capital

 

 

 

 

 

Trade receivables

(note 5)

 

1,677

 

1,247

Inventories

 

 

152

 

175

Tax receivables, consisting of:

 

 

96

 

72

- Current income tax assets and other current tax assets

 

62

 

38

 

- IRES receivables for the national tax consolidation scheme

(note 5)

34

 

34

 

Trade payables

(note 13)

 

(694)

 

(608)

Tax liabilities, consisting of:

 

 

(51)

 

(72)

- Current income tax liabilities and other current tax liabilities

 

(51)

 

(72)

 

Liabilities for deferred taxes

 

 

(388)

 

(352)

Provisions for risks and charges

 

 

(776)

 

(946)

Derivative instruments

(notes 8 and 14)

 

7

 

35

Other assets, consisting of:

 

 

167

 

260

- Other receivables

(note 5)

90

 

180

 

- Other current and non-current assets

(note 8)

77

 

80

 

Assets and liabilities from regulated activities, consisting of:

 

 

(56)

 

(88)

- Regulated assets

(note 8)

150

 

114

 

- Liabilities from regulated activities

(note 14)

(206)

 

(202)

 

Other liabilities, consisting of:

 

 

(741)

 

(613)

- Other payables

(note 13)

(584)

 

(428)

 

- Other current and non-current liabilities

(note 14)

(157)

 

(185)

 

Total net working capital

 

 

(607)

 

(890)

Provisions for employee benefits

 

 

(166)

 

(165)

Assets held for sale and directly related liabilities, consisting of:

 

 

17

 

18

- Assets held for sale

 

24

 

24

 

- Liabilities directly associated with assets held for sale

 

(7)

 

(6)

 

NET INVESTED CAPITAL

 

 

21,365

 

21,427

Shareholders’ equity including minority interests

 

 

7,586

 

7,250

Net financial debt

 

 

 

 

 

Financial liabilities, consisting of:

 

 

13,796

 

14,198

- Long-term financial liabilities

 

11,067

 

10,334

 

- Current portion of long-term financial liabilities

 

1,378

 

2,168

 

- Short-term financial liabilities

 

1,351

 

1,696

 

Financial receivables and cash and cash equivalents, consisting of:

 

 

(17)

 

(21)

- Cash and cash equivalents

 

(17)

 

(21)

 

Total net financial debt

 

 

13,779

 

14,177

COVERAGE

 

 

21,365

 

21,427

 Download XLS (21 kB)

Reclassified statement of cash flows

 

 

 

 

 

(millions of €)

First half 2015

First half 2016

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

 

612

 

526

Adjusted for:

 

 

 

 

Amortisation, depreciation and other non-monetary components:

 

351

 

382

- Amortisation and depreciation

422

 

447

 

- Equity method valuation effect

(70)

 

(64)

 

- Change in provisions for employee benefits

(2)

 

(1)

 

- Other changes

1

 

 

 

Net capital losses on asset sales and eliminations

 

10

 

15

- Interest and income taxes

 

452

 

385

- Interest income

(7)

 

(3)

 

- Interest expense

176

 

159

 

- Income taxes

283

 

229

 

Change in working capital due to operating activities:

 

30

 

167

- Inventories

37

 

8

 

- Trade receivables

350

 

432

 

- Trade payables

(205)

 

(86)

 

- Change in provisions for risks and charges

(20)

 

18

 

- Other assets and liabilities

(132)

 

(205)

 

Dividends, interest and income taxes collected (paid):

 

(309)

 

(275)

- Dividends collected

99

 

102

 

- Interest collected

4

 

1

 

- Interest paid

(172)

 

(159)

 

- Income taxes (paid) received

(240)

 

(219)

 

Net cash flow from operating activities

 

1,146

 

1,200

Technical investments:

 

(454)

 

(499)

- Property, plant and equipment

(313)

 

(343)

 

- Intangible assets

(141)

 

(156)

 

Investments in companies joining the scope of consolidation and business units:

 

(45)

 

 

Equity investments

 

(14)

 

(26)

Financial receivables held for operations

 

 

 

(69)

Divestments:

 

87

 

2

- Property, plant and equipment

1

 

 

 

- Equity investments

86

 

2

 

Other changes relating to investment activities:

 

(133)

 

(100)

- Change in net payables relating to investment activities

(133)

 

(100)

 

Free cash flow

 

587

 

508

Change in financial receivables not held for operations

 

(5)

 

 

Change in financial payables:

 

243

 

371

- Taking on long-term financial debt

591

 

370

 

- Repaying long-term financial debt

(502)

 

(338)

 

- Increase (decrease) in short-term financial debt

154

 

339

 

Equity cash flow

 

(875)

 

(875)

- Dividends paid to Snam shareholders

(875)

 

(875)

 

Net cash flow for the period

 

(50)

 

4

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