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 (13 kB) |
|
2019 |
2020 |
2020 adjusted |
|||||
|---|---|---|---|---|---|---|---|---|
(million of €) |
Reported |
Special item |
Adjusted |
Reported |
Special item |
Adjusted |
Change |
% change |
Regulated revenues |
2,491 |
|
2,491 |
2,548 |
|
2,548 |
57 |
2.3 |
Non-regulated revenues |
30 |
|
30 |
30 |
|
30 |
0 |
0.0 |
Core business revenues |
2,521 |
|
2,521 |
2,578 |
|
2,578 |
57 |
2.3 |
New business revenues |
85 |
|
85 |
192 |
|
192 |
107 |
125.9 |
TOTAL REVENUES |
2,606 |
|
2,606 |
2,770 |
|
2,770 |
164 |
6.3 |
Core business operating costs |
(317) |
(35) |
(352) |
(442) |
44 |
(398) |
(46) |
13.1 |
New business operating costs |
(85) |
|
(85) |
(175) |
|
(175) |
(90) |
105.9 |
TOTAL OPERATING COSTS |
(402) |
(35) |
(437) |
(617) |
44 |
(573) |
(136) |
31.1 |
EBITDA |
2,204 |
(35) |
2,169 |
2,153 |
44 |
2,197 |
28 |
1.3 |
Amortisation, depreciation and impairment losses |
(752) |
|
(752) |
(773) |
|
(773) |
(21) |
2.8 |
EBIT |
1,452 |
(35) |
1,417 |
1,380 |
44 |
1,424 |
7 |
0.5 |
Net financial expense |
(203) |
38 |
(165) |
(158) |
32 |
(126) |
39 |
(23.6) |
Net income from equity investments |
216 |
|
216 |
249 |
|
249 |
33 |
15.3 |
Pre-tax profit |
1,465 |
3 |
1,468 |
1,471 |
76 |
1,547 |
79 |
5.4 |
Income tax |
(375) |
|
(375) |
(370) |
(13) |
(383) |
(8) |
2.1 |
Net profit |
1,090 |
3 |
1,093 |
1,101 |
63 |
1,164 |
71 |
6.5 |
- Attributable to Parent Company shareholders |
1,090 |
3 |
1,093 |
1,101 |
63 |
1,164 |
71 |
6.5 |
- Minority interests |
|
|
|
|
|
|
|
|
| Download XLS (12 kB) |
(million of €) |
2019 |
2020 |
Change |
% change |
|---|---|---|---|---|
Special item of EBIT |
(35) |
44 |
79 |
|
Allocations to provisions for risks and charges |
|
17 |
17 |
|
Exclusion of special items for emerging Covid-19 costs: |
|
27 |
27 |
|
- of which assets donated |
|
14 |
14 |
|
- of which cash donated |
|
2 |
2 |
|
- of which healthcare material for internal use and services |
|
11 |
11 |
|
Release of provision for impairment losses for balancing receivables |
(35) |
|
35 |
(100.0) |
Special item Net financial expenses |
38 |
32 |
(6) |
(15.8) |
- Liability management finance charges |
38 |
32 |
(6) |
(15.8) |
Special item Income taxes |
0 |
(13) |
(13) |
|
- Taxation on special items in EBIT |
9 |
(5) |
(14) |
|
- Taxation on special item net financial expense |
(9) |
(8) |
1 |
(11.1) |
Total special item of net profit |
3 |
63 |
60 |
|