Net financial debt
Net financial debt is calculated as the financial debt net of cash and cash equivalents, securities available for sale and to be kept until maturity and short-term financial receivables.
The tables below show the reconciliation between the reported Income Statement and the adjusted Income Statement, as well as a table summarizing the special items:
| Download XLS (23 kB) |
|
2018 |
2019 |
||||
|---|---|---|---|---|---|---|
(million of €) |
Reported |
Special item |
Adjusted |
Reported |
Special item |
Adjusted |
Regulated revenue |
2,485 |
|
2,485 |
2,550 |
|
2,550 |
Non-regulated revenue |
101 |
|
101 |
115 |
|
115 |
Total revenue |
2,586 |
|
2,586 |
2,665 |
|
2,665 |
- Total revenue net of pass-through items |
2,528 |
|
2,528 |
2,604 |
|
2,604 |
Operating costs |
(512) |
21 |
(491) |
(461) |
(35) |
(496) |
- Operating costs net of pass-through items |
(454) |
21 |
(433) |
(400) |
(35) |
(435) |
EBITDA |
2,074 |
21 |
2,095 |
2,204 |
(35) |
2,169 |
Amortisation, depreciation and impairment losses |
(690) |
|
(690) |
(752) |
|
(752) |
EBIT |
1,384 |
21 |
1,405 |
1,452 |
(35) |
1,417 |
Net financial expense |
(242) |
47 |
(195) |
(203) |
38 |
(165) |
Net income from equity investments |
159 |
|
159 |
216 |
|
216 |
Pre-tax profit |
1,301 |
68 |
1,369 |
1,465 |
3 |
1,468 |
Income tax |
(341) |
(18) |
(359) |
(375) |
|
(375) |
Net profit |
960 |
50 |
1,010 |
1,090 |
3 |
1,093 |
- Attributable to Snam shareholders |
960 |
|
1,010 |
1,090 |
|
1,093 |
- Minority interests |
|
|
|
|
|
|
| Download XLS (21 kB) |
(million of €) |
2018 |
2019 |
Change |
% change |
|---|---|---|---|---|
Special item of operating profit |
21 |
(35) |
(56) |
(266.7) |
Charges for redundancy packages and early retirement |
21 |
|
(21) |
(100.0) |
Release of provision for balancing impairment losses |
|
(35) |
(35) |
|
Special item Net financial charges |
47 |
38 |
(9) |
(19.1) |
- Liability management finance charges |
47 |
38 |
(9) |
(19.1) |
Special item Income taxes |
(18) |
|
18 |
(100.0) |
- Taxation on special items operating profit |
(6) |
9 |
15 |
|
- Taxation on special item net financial charges |
(12) |
(9) |
3 |
(25.0) |
Total special item of net profit |
50 |
3 |
(47) |
(94.0) |