| Download XLS (15 kB) |
(million of €) |
|
31.12.2019 |
31.12.2020 |
||
|---|---|---|---|---|---|
Items |
Reference to notes to consolidated financial statements |
Partial amount from legally required statement |
Amount |
Partial amount from legally required statement |
Amount from reclassified format |
Fixed capital |
|
|
|
|
|
Property, plant and equipment |
|
|
16,439 |
|
16,815 |
Non-current inventories – Compulsory inventories |
|
|
363 |
|
363 |
Intangible assets and goodwill |
|
|
990 |
|
1,125 |
Equity investments accounted for using the equity method |
|
|
1,787 |
|
1,923 |
Other financial assets, consisting of: |
|
|
44 |
|
421 |
- Minority equity investments accounted for at FVTOCI |
39 |
|
112 |
|
|
- Non current financial assets – current portion |
|
|
1 |
|
|
- Non current financial assets – non-current portion |
3 |
|
306 |
|
|
- Other financial assets |
2 |
|
2 |
|
|
Net payables for investments, consisting of: |
|
|
(312) |
|
(387) |
- Trade payables for the purchase of fixed assets |
(320) |
|
(394) |
|
|
- Receivables for private contributions |
8 |
|
7 |
|
|
Total fixed capital |
|
|
19,311 |
|
20,260 |
Net working capital |
|
|
|
|
|
Trade receivables |
|
|
1,217 |
|
1,551 |
Current inventories |
|
|
112 |
|
98 |
Tax receivables, consisting of: |
|
|
35 |
|
93 |
- Current income tax assets |
12 |
|
34 |
|
|
- Other current tax assets |
14 |
|
50 |
|
|
- IRES receivables for the National Tax Consolidation Scheme with former parent ENI |
9 |
|
9 |
|
|
Trade payables |
|
|
(487) |
|
(639) |
Tax payables, consisting of: |
|
|
(35) |
|
(10) |
- Current liabilities for income taxes |
(26) |
|
(2) |
|
|
- Other current tax liabilities |
(9) |
|
(8) |
|
|
Net deferred tax liabilities, made up of: |
|
|
(106) |
|
(90) |
- Deferred tax assets |
23 |
|
23 |
|
|
- Deferred tax liabilities |
(129) |
|
(113) |
|
|
Provisions for risks and charges |
|
|
(713) |
|
(798) |
Market value of derivative financial instruments |
|
(63) |
|
(38) |
|
Other assets, consisting of: |
|
|
185 |
|
187 |
- Other receivables from the Energy and Environmental Services Fund (CSEA) |
124 |
|
79 |
|
|
- Advances to suppliers |
6 |
|
6 |
|
|
- Other |
12 |
|
24 |
|
|
- Other assets |
43 |
|
78 |
|
|
Assets and liabilities from regulated activities, consisting of: |
|
|
(145) |
|
(111) |
- Regulated activities |
2 |
|
19 |
|
|
- Regulated liabilities |
(147) |
|
(130) |
|
|
Other liabilities, consisting of: |
|
|
(1,094) |
|
(1,104) |
- Other payables |
(994) |
|
(996) |
|
|
- Other liabilities |
(100) |
|
(108) |
|
|
Total Net working capital |
|
|
(1,094) |
|
(861) |
Provision for employee benefits |
|
|
(46) |
|
(40) |
Non-current assets held for sale and directly associated liabilities consisting of: |
|
|
10 |
|
|
- Non-current assets held for sale |
|
|
10 |
|
|
NET INVESTED CAPITAL |
|
|
18,181 |
|
19,359 |
Shareholders equity pertaining to shareholders of the parent company |
|
|
6,255 |
|
6,469 |
Minority interests |
|
|
3 |
|
3 |
Total shareholders’ equity |
|
|
6,258 |
|
6,472 |
Net financial debt |
|
|
|
|
|
Financial liabilities, consisting of: |
|
|
14,774 |
|
15,937 |
- Non-current financial liabilities |
|
10,643 |
|
10,332 |
|
- Current financial liabilities |
|
4,131 |
|
5,605 |
|
Financial receivables and cash and cash equivalents, composed of: |
|
|
(2,851) |
|
(3,050) |
– Cash and cash equivalents |
|
(2,851) |
|
(3,044) |
|
– Current financial assets |
|
|
(5) |
|
|
- Other |
|
|
(1) |
|
|
Total net financial debt |
|
|
11,923 |
|
12,887 |
COVERAGE |
|
|
18,181 |
|
19,359 |
| Download XLS (14 kB) |
(million of €) |
2019 |
2020 |
||
|---|---|---|---|---|
Items |
Partial amount from legally required statement |
Amount from reclassified format |
Partial amount from legally required statement |
Amount from reclassified format |
PROFIT FOR THE YEAR |
|
1,090 |
|
1,101 |
Adjusted for: |
|
|
|
|
Amortisation, depreciation and other non-monetary components: |
|
527 |
|
523 |
- Amortisation, depreciation and losses due to impairment of property, plant and equipment and intangible assets |
752 |
|
773 |
|
- Share of profit or losses of equity investments accounted for using the equity method |
(218) |
|
(247) |
|
- Other (income) expenses from equity investments |
4 |
|
(2) |
|
- Change in provision for employee benefits |
(18) |
|
(9) |
|
- Other changes |
7 |
|
8 |
|
Net capital losses (capital gains) on asset sales, write-offs and eliminations |
|
8 |
|
13 |
Dividend, interest and income taxes: |
|
552 |
|
504 |
- Dividends |
(2) |
|
0 |
|
- Interest income |
(11) |
|
(25) |
|
- Interest expense |
190 |
|
159 |
|
- Income taxes |
375 |
|
370 |
|
Change in net working capital: |
|
(264) |
|
(224) |
- Inventories |
(43) |
|
(23) |
|
- Trade receivables |
38 |
|
(308) |
|
- trade payables |
(28) |
|
138 |
|
- Change in provisions for risks and charges |
6 |
|
13 |
|
- Other assets and liabilities |
(237) |
|
(44) |
|
Dividends, interest and income taxes collected (paid): |
|
(427) |
|
(320) |
- Dividends collected |
134 |
|
241 |
|
- Interest collected |
11 |
|
22 |
|
- Interest paid |
(185) |
|
(155) |
|
- Income taxes (paid) received |
(387) |
|
(428) |
|
CASH FLOWS FROM OPERATING ACTIVITIES |
|
1,486 |
|
1,597 |
Technical investments: |
|
(954) |
|
(1,166) |
- Property, plant and equipment |
(852) |
|
(1,001) |
|
- Intangible assets |
(102) |
|
(165) |
|
Technical divestments: |
|
0 |
|
2 |
- Property, plant and equipment |
0 |
|
2 |
|
Acquisition of subsidiaries and businesses, net of liquidity acquired |
|
(41) |
|
(30) |
- Acquisition of subsidiaries, net of liquidity acquired |
(41) |
|
(30) |
|
Equity investments |
|
12 |
|
(193) |
- Investments |
(24) |
|
(288) |
|
- Divestments |
36 |
|
95 |
|
Non current financial assets |
|
(5) |
|
(298) |
- Assumption of non current financial assets |
(5) |
|
(332) |
|
- Repayments of non current financial assets |
0 |
|
34 |
|
Other changes relating to investment activities: |
|
(16) |
|
53 |
- Change in net payables for investments |
(16) |
|
53 |
|
FREE CASH FLOW |
|
482 |
|
(35) |
Change in financial payables: |
|
1,279 |
|
1,121 |
- Increase in non current financial liabilities |
2,877 |
|
1,684 |
|
- Decrease in non current financial liabilities |
(2,070) |
|
(2,091) |
|
- Increase/(decrease) in short-term financial liabilities |
478 |
|
1,540 |
|
- Decrease in financial payables for leased assets |
(6) |
|
(7) |
|
- Change in current financial receivables |
|
|
(5) |
|
Equity cash flow |
|
(782) |
|
(893) |
- Dividends paid |
(746) |
|
(779) |
|
- Acquisition of treasury shares |
(39) |
|
(114) |
|
- Change in minority interests in subsidiaries that do not entail a change of control |
3 |
|
0 |
|
NET CASH FLOW FOR THE YEAR |
|
979 |
|
193 |