Reconciliation of the reclassified financial statements with the compulsory formats
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(millions of €) |
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Reclassified balance sheet items |
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31.12.2016 |
31.12.2017 |
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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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|
|
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Property, plants and equipment |
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15,563 |
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16,033 |
Compulsory inventories |
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363 |
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363 |
Intangible assets |
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810 |
|
850 |
Equity investments |
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1,499 |
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1,591 |
Financial receivables held for operating activities |
(Note 8) |
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213 |
|
373 |
Net payables for investments, consisting of: |
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(368) |
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(335) |
- Payables for investment activities |
(Note 17) |
(384) |
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(347) |
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- Receivables from investment/divestment activities |
(Note 8) |
16 |
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12 |
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Total fixed capital |
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18,080 |
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18,875 |
Net working capital |
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Trade receivables |
(Note 8) |
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1,271 |
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1,274 |
Inventories |
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118 |
|
86 |
Tax receivables, consisting of: |
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42 |
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46 |
- Current income tax assets and other current tax assets |
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32 |
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37 |
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- IRES receivables for the national tax consolidation scheme |
(Note 8) |
10 |
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9 |
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Trade payables |
(Note 17) |
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(433) |
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(406) |
Tax liabilities, consisting of: |
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(12) |
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(11) |
- Current income tax liabilities and other current tax liabilities |
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(10) |
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(11) |
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- IRES payables for the national tax consolidation scheme |
(Note 17) |
(2) |
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Deferred tax liabilities |
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(187) |
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(165) |
Provisions for risks and charges |
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(707) |
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(677) |
Derivative hedging instruments |
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24 |
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(12) |
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Other assets, consisting of: |
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70 |
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50 |
- Other receivables |
(Note 8) |
10 |
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13 |
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- Other current and non-current assets |
(Note 11) |
60 |
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37 |
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Assets and liabilities from regulated activities, consisting of: |
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(73) |
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(231) |
- Regulated assets |
(Note 11) |
106 |
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68 |
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- Regulated liabilities |
(Note 18) |
(179) |
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(299) |
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Other liabilities, consisting of: |
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(596) |
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(1,033) |
- Other payables |
(Note 17) |
(445) |
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(920) |
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- Other current and non-current liabilities |
(Note 18) |
(151) |
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(113) |
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Total net working capital |
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(483) |
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(1,079) |
Provisions for employee benefits |
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(44) |
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(58) |
NET INVESTED CAPITAL |
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17,553 |
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17,738 |
Shareholders’ equity including minority interests |
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6,497 |
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6,188 |
Net financial debt |
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Financial liabilities, consisting of: |
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11,090 |
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12,619 |
- Long-term financial liabilities |
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8,737 |
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10,176 |
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- Short-term portion of long-term financial liabilities |
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856 |
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1,070 |
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- Short-term financial liabilities |
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1,497 |
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1,373 |
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Financial receivables and cash and cash equivalents, consisting of: |
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(34) |
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(1,069) |
Financial receivables not held for operations |
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(350) |
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- Cash and cash equivalents |
(Note 7) |
(34) |
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(719) |
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Total net financial debt |
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11,056 |
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11,550 |
COVERAGE |
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17,553 |
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17,738 |
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(€ million) |
2016 |
2017 |
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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 |
591 |
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Net Profit – discontinued operations |
270 |
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Net profit |
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861 |
|
897 |
Adjusted for: |
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Amortisation, depreciation and other non-monetary components: |
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757 |
|
511 |
- Amortisation and depreciation |
859 |
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646 |
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- Impairment losses |
35 |
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13 |
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- Equity method valuation effect |
(133) |
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(161) |
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- Change in provisions for employee benefits |
(4) |
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13 |
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- Other changes |
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Net capital losses (capital gains) on asset sales and eliminations |
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36 |
|
4 |
Interest, income taxes and other changes: |
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884 |
|
585 |
- Interest income |
(126) |
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(9) |
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- Interest expense |
615 |
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265 |
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- Income taxes |
395 |
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329 |
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Change in working capital due to operating activities: |
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(176) |
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334 |
- Inventories |
15 |
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(42) |
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- Trade receivables |
34 |
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1 |
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- Trade payables |
(148) |
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(26) |
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- Change in provisions for risks and charges |
24 |
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16 |
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- Other assets and liabilities |
(101) |
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385 |
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Dividends, interest and income taxes collected (paid): |
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(735) |
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(467) |
- Dividends collected |
148 |
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149 |
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- Interest collected |
122 |
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2 |
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- Interest paid |
(615) |
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(265) |
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- Income taxes (paid) received |
(390) |
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(353) |
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Net cash flow from operating activities |
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1,627 |
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1,864 |
Technical investments: |
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(1,145) |
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(1,016) |
Property, plant and equipment |
(832) |
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(950) |
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- Intangible assets |
(313) |
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(66) |
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Technical disinvestments: |
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2 |
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3 |
Property, plant and equipment |
2 |
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3 |
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Companies (entering) leaving the area of consolidation |
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1,502 |
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(166) |
- Companies entering the consolidation scope |
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(166) |
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- Companies leaving the scope of consolidation |
1,502 |
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Equity investments |
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(168) |
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(75) |
- Investments in shares |
(170) |
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(111) |
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- Disinvestments in shares |
2 |
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36 |
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Financial receivables held for operating activities |
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(133) |
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(154) |
- Accesses of financial credits instrumental to operating activities |
(133) |
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(154) |
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Other changes relating to investment activities: |
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22 |
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(33) |
- Change in net payables relating to investment activities |
22 |
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(33) |
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Free cash flow |
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1,707 |
|
423 |
Change in financial receivables not held for operating activities |
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(350) |
Financial credits in companies leaving the area of consolidation |
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1,585 |
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Change in financial payables: |
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(2,297) |
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1,540 |
- Taking on long-term financial debt |
2,039 |
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3,129 |
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- Repaying long-term financial debt |
(4,479) |
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(1,465) |
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- Increase (decrease) in short-term financial debt |
143 |
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(124) |
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Equity cash flow |
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(978) |
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(928) |
- Dividends paid |
(875) |
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(718) |
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- Acquisition of self-owned shares |
(103) |
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(210) |
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Net cash flow for the period |
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17 |
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685 |