Statements of changes in shareholders' equity

 

Eni shareholders’ equity

 

 

(€ million)

Share capital

Legal reserve of Eni SpA

Reserve for trea-
sury shares

Reserve related to the fair value of cash flow hedging deri-
vatives net of the tax effect

Reserve related to the fair value of avail-
able-for-sale financial instru-
ments net of the tax effect

Reserve for defined benefit plans net of tax effect

Other
re-
serves

Cumu-
lative
cur-
rency
trans-
lation
differ-
ences

Treasury shares

Retai-
ned
ear-
nings

Interim dividend

Net profit for the year

Total

Non-
con-
trolling
interest

Total
share-
holders’
equity

Balance at December 31, 2010

4,005

959

6,756

(174)

(3)

 

1,518

539

(6,756)

39,855

(1,811)

6,318

51,206

4,522

55,728

Net profit of the year

 

 

 

 

 

 

 

 

 

 

 

6,860

6,860

943

7,803

Other items of comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income to be reclassified to profit or loss in subsequent periods

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation differences

 

 

 

 

 

 

 

1,000

 

31

 

 

1,031

 

1,031

Change in the fair value of other available-for-sale financial instruments net of tax effect

 

 

 

 

(5)

 

 

 

 

 

 

 

(5)

 

(5)

Change in the fair value of cash flow hedge derivatives net of tax effect

 

 

 

223

 

 

 

 

 

 

 

 

223

 

223

Share of “Other comprehensive income” on equity-accounted entities

 

 

 

 

 

 

(12)

 

 

 

 

 

(12)

(1)

(13)

 

 

 

 

223

(5)

 

(12)

1,000

 

31

 

 

1,237

(1)

1,236

Total comprehensive income of the year

 

 

 

223

(5)

 

(12)

1,000

 

31

 

6,860

8,097

942

9,039

Transactions with shareholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividend distribution of Eni SpA
(€0.50 per share in settlementof 2010 interim dividend of €0.50 per share)

 

 

 

 

 

 

 

 

 

 

1,811

(3,622)

(1,811)

 

(1,811)

Interim dividend distribution of Eni SpA (€0.52 per share)

 

 

 

 

 

 

 

 

 

 

(1,884)

 

(1,884)

 

(1,884)

Dividend distribution of other companies

 

 

 

 

 

 

 

 

 

 

 

 

 

(571)

(571)

Allocation of 2010 net profit

 

 

 

 

 

 

 

 

 

2,696

 

(2,696)

 

 

 

Payments by minority shareholders

 

 

 

 

 

 

 

 

 

 

 

 

 

26

26

Acquisition of non-controlling interest relating to Altergaz SA and Tigáz Zrt

 

 

 

 

 

 

(94)

 

 

(25)

 

 

(119)

(7)

(126)

Effect related to the purchase of Italgas SpA by Snam SpA

 

 

 

 

 

 

(5)

 

 

 

 

 

(5)

5

 

Treasury shares sold following the exercise of stock options exercised by Eni managers

 

 

(3)

 

 

 

 

 

3

3

 

 

3

 

3

Treasury shares sold following the exercise of stock options by Saipem and Snam managers

 

 

 

 

 

 

14

 

 

(10)

 

 

4

13

17

Non-controlling interest excluded following the sale of Eni Acqua Campania SpA and the divestment of the control stake in the share capital of Petromar Lda

 

 

 

 

 

 

 

 

 

 

 

 

 

(10)

(10)

 

 

 

(3)

 

 

 

(85)

 

3

2,664

(73)

(6,318)

(3,812)

(544)

(4,356)

Other changes in shareholders’ equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost related to stock options

 

 

 

 

 

 

 

 

 

2

 

 

2

 

2

Stock options expired

 

 

 

 

 

 

 

 

 

(7)

 

 

(7)

 

(7)

Other changes

 

 

 

 

 

 

 

 

 

(14)

 

 

(14)

1

(13)

 

 

 

 

 

 

 

 

 

 

(19)

 

 

(19)

1

(18)

Balance at December 31, 2011

4,005

959

6,753

49

(8)

 

1,421

1,539

(6,753)

42,531

(1,884)

6,860

55,472

4,921

60,393

 

 

Eni shareholders’ equity

 

 

(€ million)

Note

Share capital

Legal re-
serve of Eni SpA

Re-
serve for trea-
sury shares

Re-
serve related to the fair value of cash flow hed-
ging deri-
vatives net of the tax effect

Re-
serve related to the fair value of avail-
able-for-sale fina-
ncial instru-
ments net of the tax effect

Re-
serve
for de-
fined benefit plans net of tax effect

Other
re-
serves

Cumu-
lative
cur-
rency
trans-
lation
differ-
ences

Treasury shares

Retai-
ned
ear-
nings

Interim dividend

Net profit for the year

Total

Non-
con-
trolling
interest

Total
share-
holders’
equity

Balance at December 31, 2011

 

4,005

959

6,753

49

(8)

 

1,421

1,539

(6,753)

42,531

(1,884)

6,860

55,472

4,921

60,393

Changes in accounting principles (IAS 19)

 

 

 

 

 

 

 

 

 

 

(52)

 

 

(52)

(9)

(61)

Balance at January 1st, 2012

 

4,005

959

6,753

49

(8)

 

1,421

1,539

(6,753)

42,479

(1,884)

6,860

55,420

4,912

60,332

Net profit of the year

 

 

 

 

 

 

 

 

 

 

 

 

7,790

7,790

886

8,676

Other items of comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Items not to be reclassified to profit or loss in subsequent periods

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revaluations of defined benefit plans net of tax effect

(33)

 

 

 

 

 

(87)

 

 

 

 

 

 

(87)

(10)

(97)

Share of “Other comprehensive income” on equity-accounted entities in relation to revaluations of defined benefit plans net of tax effect

(33)

 

 

 

 

 

(1)

 

 

 

 

 

 

(1)

2

1

 

 

 

 

 

 

 

(88)

 

 

 

 

 

 

(88)

(8)

(96)

Other comprehensive income to be reclassified to profit or loss in subsequent periods

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation differences

(33)

 

 

 

 

 

 

 

(597)

 

(104)

 

 

(701)

(17)

(718)

Change in the fair value of investments net of tax effect

(33)

 

 

 

 

138

 

 

 

 

 

 

 

138

 

138

Change in the fair value of other available-for-sale financial instruments net of tax effect

(33)

 

 

 

 

14

 

 

 

 

 

 

 

14

 

14

Change in the fair value of cash flow hedge derivatives net of tax effect

(33)

 

 

 

(65)

 

 

 

 

 

 

 

 

(65)

 

(65)

Share of “Other comprehensive income” on equity-accounted entities

(33)

 

 

 

 

 

 

8

 

 

 

 

 

8

(1)

7

 

 

 

 

 

(65)

152

 

8

(597)

 

(104)

 

 

(606)

(18)

(624)

Total comprehensive income of the year

 

 

 

 

(65)

152

(88)

8

(597)

 

(104)

 

7,790

7,096

860

7,956

Transactions with shareholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividend distribution of Eni SpA
(€0.52 per share in settlement of 2011 interim dividend of €0.52 per share)

 

 

 

 

 

 

 

 

 

 

 

1,884

(3,768)

(1,884)

 

(1,884)

Interim dividend distribution of Eni SpA (€0.54 per share)

(33)

 

 

 

 

 

 

 

 

 

 

(1,956)

 

(1,956)

 

(1,956)

Dividend distribution of other companies

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(686)

(686)

Allocation of 2011 net profit

 

 

 

 

 

 

 

 

 

 

3,092

 

(3,092)

 

 

 

Effect related to the sale of Snam SpA

 

 

 

 

 

 

 

 

 

 

371

 

 

371

(1,602)

(1,231)

Acquisition of non-controlling interest relating to Altergaz SA and Tigáz Zrt

(33)

 

 

 

 

 

 

(4)

 

 

 

 

 

(4)

(3)

(7)

Treasury shares sold following the exercise of stock options exercised by Eni managers

(33)

 

 

(1)

 

 

 

 

 

1

1

 

 

1

 

1

Treasury shares sold following the exercise of stock options by Saipem managers

(33)

 

 

 

 

 

 

7

 

 

 

 

 

7

22

29

 

 

 

 

(1)

 

 

 

3

 

1

3,464

(72)

(6,860)

(3,465)

(2,269)

(5,734)

Other changes in shareholders’ equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Elimination of treasury shares

 

 

 

(6,551)

 

 

 

 

 

6,551

 

 

 

 

 

 

Reconstitution of the reserve for treasury share

 

 

 

6,000

 

 

 

 

 

 

(6,000)

 

 

 

 

 

Stock options expired

 

 

 

 

 

 

 

 

 

 

(7)

 

 

(7)

 

(7)

Other changes

 

 

 

 

 

 

 

(1,140)

 

 

1,156

 

 

16

(5)

11

 

 

 

 

(551)

 

 

 

(1,140)

 

6,551

(4,851)

 

 

9

(5)

4

Balance at December 31, 2012

(33)

4,005

959

6,201

(16)

144

(88)

292

942

(201)

40,988

(1,956)

7,790

59,060

3,498

62,558

 

 

Eni shareholders’ equity

 

 

(€ million)

Note

Share capital

Legal re-
serve of Eni SpA

Re-
serve for trea-
sury shares

Re-
serve related to the fair value of cash flow hed-
ging deri-
vatives net of the tax effect

Re-
serve related to the fair value of avail-
able-for-sale fina-
ncial instru-
ments net of the tax effect

Re-
serve
for de-
fined benefit plans net of tax effect

Other
re-
serves

Cumu-
lative
cur-
rency
trans-
lation
differ-
ences

Treasury shares

Retai-
ned
ear-
nings

Interim dividend

Net profit for the year

Total

Non-
con-
trolling
interest

Total
share-
holders’
equity

Balance at December 31, 2012

(33)

4,005

959

6,201

(16)

144

(88)

292

942

(201)

40,988

(1,956)

7,790

59,060

3,498

62,558

Net profit of the year

 

 

 

 

 

 

 

 

 

 

 

 

5,160

5,160

(188)

4,972

Other items of comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Items not to be reclassified to profit or loss in subsequent periods

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revaluations of defined benefit plans net of tax effect

(33)

 

 

 

 

 

18

 

 

 

 

 

 

18

7

25

Share of “Other comprehensive income” on equity-accounted entities in relation to revaluations of defined benefit plans net of tax effect

(33)

 

 

 

 

 

(1)

 

 

 

 

 

 

(1)

(2)

(3)

 

 

 

 

 

 

 

17

 

 

 

 

 

 

17

5

22

Other comprehensive income to be reclassified to profit or loss in subsequent periods

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation differences

(33)

 

 

 

 

 

(1)

 

(1,640)

 

(171)

 

 

(1,812)

(59)

(1,871)

Change in the fair value of investments net of tax effect

(33)

 

 

 

 

(62)

 

 

 

 

 

 

 

(62)

 

(62)

Change in the fair value of other available-for-sale financial instruments net of tax effect

(33)

 

 

 

 

(1)

 

 

 

 

 

 

 

(1)

 

(1)

Change in the fair value of cash flow hedge derivatives net of tax effect

(33)

 

 

 

(138)

 

 

 

 

 

 

 

 

(138)

 

(138)

Share of “Other comprehensive income” on equity-accounted entities

(33)

 

 

 

 

 

 

 

 

 

 

 

 

 

1

1

 

 

 

 

 

(138)

(63)

(1)

 

(1,640)

 

(171)

 

 

(2,013)

(58)

(2,071)

Total comprehensive income of the year

 

 

 

 

(138)

(63)

16

 

(1,640)

 

(171)

 

5,160

3,164

(241)

2,923

Transactions with shareholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividend distribution of Eni SpA
(€0.54 per share in settlement of 2012 interim dividend of €0.54 per share)

(33)

 

 

 

 

 

 

 

 

 

(829)

1,956

(3,083)

(1,956)

 

(1,956)

Interim dividend distribution of Eni SpA
(€0.55 per share)

(33)

 

 

 

 

 

 

 

 

 

 

(1,993)

 

(1,993)

 

(1,993)

Dividend distribution of other companies

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(251)

(251)

Allocation of 2012 net profit

 

 

 

 

 

 

 

 

 

 

4,707

 

(4,707)

 

 

 

Acquisition of non-controlling interest relating to Tigáz Zrt

(33)

 

 

 

 

 

 

4

 

 

 

 

 

4

(32)

(28)

Payments and reimbursements by/to minority shareholders

(33)

 

 

 

 

 

 

 

 

 

 

 

 

 

(4)

(4)

Treasury shares sold following the exercise of stock options by Saipem managers

(33)

 

 

 

 

 

 

 

 

 

 

 

 

 

1

1

 

 

 

 

 

 

 

 

4

 

 

3,878

(37)

(7,790)

(3,945)

(286)

(4,231)

Other changes in shareholders’ equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exclusion from the consolidation of Distribudora de Gas de Cuyana SA and Inversora de Gas de Cuyana SA following loss of control and Finpipe GIE following the divestment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(23)

(23)

Elimination of intercompany profit between companies with different Group interest

 

 

 

 

 

 

 

 

 

 

(32)

 

 

(32)

32

 

Stock options expired

 

 

 

 

 

 

 

 

 

 

(13)

 

 

(13)

 

(13)

Other changes

 

 

 

 

 

 

 

 

 

 

(24)

 

 

(24)

(16)

(40)

 

 

 

 

 

 

 

 

 

 

 

(69)

 

 

(69)

(7)

(76)

Balance at December 31, 2013

(33)

4,005

959

6,201

(154)

81

(72)

296

(698)

(201)

44,626

(1,993)

5,160

58,210

2,964

61,174