Financial Data
Profit and loss account
|
Profit and loss account |
(€ million) |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|
|
|
|
|
|
|
Net sales from operations |
|
81,932 |
96,617 |
107,690 |
127,220 |
114,722 |
|
Other income and revenues |
|
1,094 |
967 |
926 |
1,546 |
1,385 |
|
Total revenues |
|
83,026 |
97,584 |
108,616 |
128,766 |
116,107 |
|
Purchases, services and other |
|
(58,091) |
(68,774) |
(78,795) |
(95,363) |
(90,213) |
|
Payroll and related costs |
|
(3,928) |
(4,428) |
(4,404) |
(4,613) |
(5,264) |
|
Total operating expenses |
|
(62,019) |
(73,202) |
(83,199) |
(99,976) |
(95,477) |
|
Other operating income (expense) |
|
55 |
131 |
171 |
(158) |
(71) |
|
Depreciation, depletion, amortization and impairments |
|
(9,267) |
(9,031) |
(8,785) |
(13,561) |
(11,703) |
|
Operating profit |
|
11,795 |
15,482 |
16,803 |
15,071 |
8,856 |
|
Finance income (expense) |
|
(565) |
(749) |
(1,146) |
(1,347) |
(991) |
|
Net income from investments |
|
534 |
1,112 |
2,123 |
2,881 |
6,115 |
|
Profit before income taxes |
|
11,764 |
15,845 |
17,780 |
16,605 |
13,980 |
|
Income taxes |
|
(6,258) |
(8,581) |
(9,903) |
(11,661) |
(9,008) |
|
Tax rate (%) |
|
53.2 |
54.2 |
55.7 |
70.2 |
64,4 |
|
Net profit - continuing operations |
|
5,506 |
7,264 |
7,877 |
4,944 |
4,972 |
|
Attributable to: |
|
|
|
|
|
|
|
- Eni’s shareholders |
|
4,488 |
6,252 |
6,902 |
4,200 |
5,160 |
|
- Non-controlling interest |
|
1,018 |
1,012 |
975 |
744 |
(188) |
|
Net profit - discontinued operations |
|
(189) |
119 |
(74) |
3,732 |
|
|
Attributable to: |
|
|
|
|
|
|
|
- Eni’s shareholders |
|
(121) |
66 |
(42) |
3,590 |
|
|
- Non-controlling interest |
|
(68) |
53 |
(32) |
142 |
|
|
Net profit |
|
5,317 |
7,383 |
7,803 |
8,676 |
4,972 |
|
Attributable to: |
|
|
|
|
|
|
|
- Eni’s shareholders |
|
4,367 |
6,318 |
6,860 |
7,790 |
5,160 |
|
- Non-controlling interest |
|
950 |
1,065 |
943 |
886 |
(188) |
|
Net profit attributable to Eni’s shareholders - continuing operations |
|
4,488 |
6,252 |
6,902 |
4,200 |
5,160 |
|
Exclusion of inventory holding (gains) losses |
|
(191) |
(610) |
(724) |
(23) |
438 |
|
Exclusion of special items |
|
1,024 |
1,128 |
760 |
2,953 |
(1,165) |
|
of which: |
|
|
|
|
|
|
|
- non-recurring items |
|
250 |
(246) |
69 |
|
|
|
- other special items |
|
774 |
1,374 |
691 |
2,953 |
(1,165) |
|
Adjusted net profit attributable to Eni’s shareholders - continuing operations |
|
5,321 |
6,770 |
6,938 |
7,130 |
4,433 |
|
Adjusted net profit attributable to Eni’s shareholders - discontinued operations |
|
(114) |
99 |
31 |
195 |
|
|
Adjusted net profit attributable to Eni’s shareholders |
|
5,207 |
6,869 |
6,969 |
7,325 |
4,433 |
Summarized Group Balance Sheet
|
Summarized Group Balance Sheet |
(€ million) |
Dec. 31, 2009 |
Dec. 31, 2010 |
Dec. 31, 2011 |
Dec. 31, 2012 |
Dec. 31, 2013 |
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
Property, plant and equipment |
|
59,765 |
67,404 |
73,578 |
63,466 |
62,506 |
|
Inventories - Compulsory stock |
|
1,736 |
2,024 |
2,433 |
2,538 |
2,571 |
|
Intangible assets |
|
11,469 |
11,172 |
10,950 |
4,487 |
3,877 |
|
Equity-accounted investments and other investments |
|
6,244 |
6,090 |
6,242 |
9,347 |
6,961 |
|
Receivables and securities held for operating purposes |
|
1,261 |
1,743 |
1,740 |
1,457 |
1,607 |
|
Net payables related to capital expenditure |
|
(749) |
(970) |
(1,576) |
(1,142) |
(1,256) |
|
|
|
79,726 |
87,463 |
93,367 |
80,153 |
76,266 |
|
Net working capital |
|
|
|
|
|
|
|
Inventories |
|
5,495 |
6,589 |
7,575 |
8,496 |
7,883 |
|
Trade receivables |
|
14,916 |
17,221 |
17,709 |
19,966 |
21,213 |
|
Trade payables |
|
(10,078) |
(13,111) |
(13,436) |
(14,993) |
(15,529) |
|
Tax payables and provisions for net deferred tax liabilities |
|
(1,988) |
(2,684) |
(3,503) |
(3,204) |
(3,005) |
|
Provisions |
|
(10,319) |
(11,792) |
(12,735) |
(13,603) |
(13,167) |
|
Other current assets and liabilities |
|
(3,968) |
(1,286) |
281 |
2,473 |
2,030 |
|
|
|
(5,942) |
(5,063) |
(4,109) |
(865) |
(575) |
|
Provisions for employee post-retirement benefits |
|
(944) |
(1,032) |
(1,039) |
(1,374) |
(1,245) |
|
Assets held for sale including related liabilities |
|
266 |
479 |
206 |
155 |
2,156 |
|
CAPITAL EMPLOYED, NET |
|
73,106 |
81,847 |
88,425 |
78,069 |
76,602 |
|
Shareholders’ equity |
|
|
|
|
|
|
|
attributable to: - Eni’s shareholders |
|
46,073 |
51,206 |
55,472 |
59,060 |
58,210 |
|
- Non-controlling interest |
|
3,978 |
4,522 |
4,921 |
3,498 |
2,964 |
|
|
|
50,051 |
55,728 |
60,393 |
62,558 |
61,174 |
|
Net borrowings |
|
23,055 |
26,119 |
28,032 |
15,511 |
15,428 |
|
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |
|
73,106 |
81,847 |
88,425 |
78,069 |
76,602 |
Summarized Group Cash Flow Statement
|
Summarized Group Cash Flow Statement |
(€ million) |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|
|
|
|
|
|
|
Net profit - continuing operations |
|
5,506 |
7,264 |
7,877 |
4,944 |
4,972 |
|
Adjustments to reconcile net profit to net cash provided by operating activities: |
|
|
|
|
|
|
|
- depreciation, depletion and amortization and other non monetary items |
|
8,607 |
8,521 |
8,606 |
11,349 |
9,578 |
|
- net gains on disposal of assets |
|
(226) |
(558) |
(1,176) |
(875) |
(3,770) |
|
- dividends, interest, taxes and other changes |
|
6,379 |
8,829 |
9,918 |
11,925 |
9,162 |
|
Changes in working capital related to operations |
|
(874) |
(1,158) |
(1,696) |
(3,373) |
486 |
|
Dividends received, taxes paid, interest (paid) received during the period |
|
(8,637) |
(8,758) |
(9,766) |
(11,614) |
(9,459) |
|
Net cash provided by operating activities - continuing operations |
|
10,755 |
14,140 |
13,763 |
12,356 |
10,969 |
|
Net cash provided by operating activities - discontinued operations |
|
381 |
554 |
619 |
15 |
|
|
Net cash provided by operating activities |
|
11,136 |
14,694 |
14,382 |
12,371 |
10,969 |
|
Capital expenditure - continuing operations |
|
(12,216) |
(12,450) |
(11,909) |
(12,761) |
(12,750) |
|
Capital expenditure - discontinued operations |
|
(1,479) |
(1,420) |
(1,529) |
(756) |
|
|
Capital expenditure |
|
(13,695) |
(13,870) |
(13,438) |
(13,517) |
(12,750) |
|
Investments and purchase of consolidated subsidiaries and businesses |
|
(2,323) |
(410) |
(360) |
(569) |
(317) |
|
Disposals |
|
3,595 |
1,113 |
1,912 |
6,014 |
6,360 |
|
Other cash flow related to capital expenditure, investments and disposals |
|
(295) |
228 |
627 |
(136) |
(253) |
|
Free cash flow |
|
(1,582) |
1,755 |
3,123 |
4,163 |
4,009 |
|
Borrowings (repayment) of debt related to financing activities |
|
396 |
(26) |
41 |
(83) |
(3,983) |
|
Changes in short and long-term financial debt |
|
3,841 |
2,272 |
1,104 |
5,947 |
1,778 |
|
Dividends paid and changes in non-controlling interests and reserves |
|
(2,956) |
(4,099) |
(4,327) |
(3,746) |
(4,231) |
|
Effect of changes in consolidation and exchange differences |
|
(30) |
39 |
10 |
(16) |
(50) |
|
NET CASH FLOW FOR THE PERIOD |
(331) |
(59) |
(49) |
6,265 |
(2,477) |
|
Change in net borrowings
|
Change in net borrowings |
(€ million) |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|
|
|
|
|
|
|
Free cash flow |
|
(1,582) |
1,755 |
3,123 |
4,163 |
4,009 |
|
Net borrowings of acquired companies |
|
|
(33) |
|
(2) |
(21) |
|
Net borrowings of divested companies |
|
|
|
(192) |
12,446 |
(16) |
|
Exchange differences on net borrowings and other changes |
|
(141) |
(687) |
(517) |
(340) |
342 |
|
Dividends paid and changes in non-controlling interest and reserves |
|
(2,956) |
(4,099) |
(4,327) |
(3,746) |
(4,231) |
|
CHANGE IN NET BORROWINGS |
|
(4,679) |
(3,064) |
(1,913) |
12,521 |
83 |
Net sales
|
Net sales from operations |
(€ million) |
2009 |
2010 |
2011 |
2012 |
2013 |
||
|
||||||||
|
|
|
|
|
|
|
|
||
|
Exploration & Production |
|
23,801 |
29,497 |
29,121 |
35,881 |
31,268 |
||
|
Gas & Power |
|
29,272 |
27,806 |
33,093 |
36,200 |
32,124 |
||
|
Refining & Marketing |
|
31,769 |
43,190 |
51,219 |
62,656 |
57,329 |
||
|
Versalis |
|
4,203 |
6,141 |
6,491 |
6,418 |
5,859 |
||
|
Engineering & Construction |
|
9,664 |
10,581 |
11,834 |
12,771 |
11,611 |
||
|
Other activities |
|
88 |
105 |
85 |
119 |
80 |
||
|
Corporate and financial companies |
|
1,280 |
1,386 |
1,365 |
1,369 |
1,453 |
||
|
Impact of unrealized intragroup profit elimination (a) |
|
(66) |
100 |
(54) |
(75) |
18 |
||
|
Consolidation adjustment |
|
(18,079) |
(22,189) |
(25,464) |
(28,119) |
(25,020) |
||
|
|
|
81,932 |
96,617 |
107,690 |
127,220 |
114,722 |
||
|
Net sales to customers |
(€ million) |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|
|
|
|
|
|
|
Exploration & Production |
|
10,171 |
12,947 |
10,677 |
15,559 |
13,050 |
|
Gas & Power |
|
28,517 |
26,837 |
31,749 |
34,169 |
30,909 |
|
Refining & Marketing |
|
30,804 |
41,845 |
48,428 |
59,690 |
54,427 |
|
Versalis |
|
3,965 |
5,898 |
6,202 |
6,007 |
5,570 |
|
Engineering & Construction |
|
8,349 |
8,779 |
10,510 |
11,664 |
10,593 |
|
Other activities |
|
64 |
80 |
62 |
79 |
41 |
|
Corporate and financial companies |
|
128 |
131 |
116 |
127 |
114 |
|
Impact of unrealized intragroup profit elimination |
|
(66) |
100 |
(54) |
(75) |
18 |
|
|
|
81,932 |
96,617 |
107,690 |
127,220 |
114,722 |
|
Net sales by geographic area of destination |
(€ million) |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|
|
|
|
|
|
|
Italy |
|
26,655 |
45,896 |
31,906 |
33,998 |
32,044 |
|
Other EU Countries |
|
24,331 |
21,125 |
35,920 |
35,908 |
31,629 |
|
Rest of Europe |
|
5,213 |
4,172 |
7,153 |
9,610 |
11,458 |
|
Africa |
|
10,174 |
13,068 |
11,333 |
14,681 |
12,079 |
|
Americas |
|
7,080 |
6,282 |
9,612 |
15,282 |
7,741 |
|
Asia |
|
8,208 |
5,785 |
10,258 |
16,394 |
18,547 |
|
Other areas |
|
271 |
289 |
1,508 |
1,347 |
1,224 |
|
Total outside Italy |
|
55,277 |
50,721 |
75,784 |
93,222 |
82,678 |
|
|
|
81,932 |
96,617 |
107,690 |
127,220 |
114,722 |
|
Net sales by geographic area of origin |
(€ million) |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|
|
|
|
|
|
|
Italy |
|
47,666 |
55,455 |
62,789 |
72,744 |
73,580 |
|
Other EU Countries |
|
15,629 |
16,983 |
20,914 |
19,528 |
15,638 |
|
Rest of Europe |
|
2,058 |
1,986 |
3,101 |
3,736 |
3,292 |
|
Africa |
|
9,313 |
12,586 |
9,384 |
13,989 |
11,844 |
|
Americas |
|
3,610 |
5,588 |
7,107 |
12,058 |
5,782 |
|
Asia |
|
3,447 |
3,692 |
3,937 |
4,423 |
3,713 |
|
Other areas |
|
209 |
327 |
458 |
742 |
873 |
|
Total outside Italy |
|
34,266 |
41,162 |
44,901 |
54,476 |
41,142 |
|
|
|
81,932 |
96,617 |
107,690 |
127,220 |
114,722 |
Purchases, services and other
|
Purchases, services and other |
(€ million) |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|
|
|
|
|
|
|
Production costs - raw, ancillary and consumable materials and goods |
|
40,093 |
48,407 |
60,826 |
74,767 |
66,912 |
|
Production costs - services |
|
13,296 |
14,939 |
13,551 |
15,354 |
18,023 |
|
Operating leases and other |
|
2,505 |
2,997 |
3,045 |
3,434 |
3,673 |
|
Net provisions for contingencies |
|
1,025 |
1,401 |
527 |
871 |
857 |
|
Other expenses |
|
1,466 |
1,252 |
1,140 |
1,342 |
1,134 |
|
less: |
|
|
|
|
|
|
|
capitalized direct costs associated with self-constructed tangible and intangible assets |
|
(294) |
(222) |
(294) |
(405) |
(386) |
|
|
|
58,091 |
68,774 |
78,795 |
95,363 |
90,213 |
Principal accountant fees and services
|
Principal accountant fees and services |
(€ thousand) |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|
|
|
|
|
|
|
Audit fees |
|
30,748 |
21,114 |
22,031 |
23,042 |
28,023 |
|
Audit-related fees |
|
276 |
183 |
1,113 |
1,351 |
1,574 |
|
Tax fees |
|
51 |
166 |
323 |
25 |
21 |
|
All other fees |
|
|
|
|
3 |
|
|
|
|
31,075 |
21,463 |
23,467 |
24,421 |
29,618 |
Payroll and related costs
|
Payroll and related costs |
(€ million) |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|
|
|
|
|
|
|
Wages and salaries |
|
3,064 |
3,299 |
3,435 |
3,886 |
4,366 |
|
Social security contributions |
|
620 |
631 |
675 |
674 |
651 |
|
Cost related to defined benefit plans |
128 |
154 |
148 |
103 |
92 |
|
|
Other costs |
|
307 |
557 |
334 |
187 |
409 |
|
less: |
|
|
|
|
|
|
|
capitalized direct costs associated with self-constructed tangible and intangible assets |
|
(191) |
(213) |
(188) |
(237) |
(254) |
|
|
|
3,928 |
4,428 |
4,404 |
4,613 |
5,264 |
Depreciation, depletion, amortization and impairments
|
Depreciation, depletion, amortization and impairments |
(€ million) |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|
|
|
|
|
|
|
Exploration & Production |
|
6,789 |
6,928 |
6,251 |
7,988 |
7,812 |
|
Gas & Power |
|
435 |
425 |
413 |
405 |
329 |
|
Refining & Marketing |
|
408 |
333 |
351 |
331 |
309 |
|
Versalis |
|
83 |
83 |
90 |
90 |
95 |
|
Engineering & Construction |
|
433 |
513 |
596 |
683 |
721 |
|
Other activities |
|
2 |
2 |
2 |
1 |
1 |
|
Corporate and financial companies |
|
83 |
79 |
75 |
65 |
61 |
|
Impact of unrealized intragroup profit elimination |
|
(17) |
(20) |
(23) |
(25) |
(25) |
|
Total depreciation, depletion and amortization |
|
8,216 |
8,343 |
7,755 |
9,538 |
9,303 |
|
Exploration & Production |
|
576 |
123 |
189 |
547 |
19 |
|
Gas & Power |
|
|
426 |
154 |
2,494 |
1,685 |
|
Refining & Marketing |
|
346 |
76 |
488 |
843 |
633 |
|
Versalis |
|
121 |
52 |
160 |
112 |
44 |
|
Engineering & Construction |
|
2 |
3 |
35 |
25 |
|
|
Other activities |
|
6 |
8 |
4 |
2 |
19 |
|
Corporate and financial companies |
|
|
|
|
|
|
|
Total impairment |
|
1,051 |
688 |
1,030 |
4,023 |
2,400 |
|
|
|
9,267 |
9,031 |
8,785 |
13,561 |
11,703 |
Operating profit by Division
|
Operating profit by Division |
(€ million) |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|
|
|
|
|
|
|
Exploration & Production |
|
9,120 |
13,866 |
15,887 |
18,470 |
14,871 |
|
Gas & Power |
|
1,914 |
896 |
(326) |
(3,219) |
(2,992) |
|
Refining & Marketing |
|
(102) |
149 |
(273) |
(1,296) |
(1,517) |
|
Versalis |
|
(675) |
(86) |
(424) |
(681) |
(725) |
|
Engineering & Construction |
|
881 |
1,302 |
1,422 |
1,442 |
(83) |
|
Other activities |
|
(436) |
(1,384) |
(427) |
(300) |
(337) |
|
Corporate and financial companies |
|
(420) |
(361) |
(319) |
(341) |
(399) |
|
Impact of unrealized intragroup profit elimination |
|
1,513 |
1,100 |
1,263 |
996 |
38 |
|
|
|
11,795 |
15,482 |
16,803 |
15,071 |
8,856 |
Finance income (expense)
|
Finance income (expense) |
(€ million) |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|
|
|
|
|
|
|
Income from equity instruments |
|
163 |
|
|
|
|
|
Exchange differences, net |
|
(106) |
92 |
(111) |
131 |
36 |
|
Finance income (expense) related to net borrowings and other |
|
(614) |
(634) |
(809) |
(1,078) |
(873) |
|
Net income from securities |
|
3 |
10 |
9 |
9 |
8 |
|
Financial expense due to the passage of time (accretion discount) |
|
(197) |
(236) |
(235) |
(308) |
(240) |
|
Income (expense) on derivatives |
|
(6) |
(131) |
(112) |
(251) |
(92) |
|
less: |
|
|
|
|
|
|
|
Finance expense capitalized |
|
192 |
150 |
112 |
150 |
170 |
|
|
|
(565) |
(749) |
(1,146) |
(1,347) |
(991) |
|
of which, net income from receivables and securities held for financing operating activities and interest on tax credits |
|
40 |
64 |
67 |
61 |
71 |
Income (expense on) from investments
|
Income (expense on) from investments |
(€ million) |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|
|
|
|
|
|
|
Share of profit of equity-accounted investments |
|
655 |
673 |
634 |
526 |
369 |
|
Share of loss of equity-accounted investments |
|
(241) |
(149) |
(106) |
(233) |
(117) |
|
Gains on disposals |
|
16 |
332 |
1,121 |
349 |
3,598 |
|
Dividends |
|
164 |
264 |
659 |
431 |
400 |
|
Decreases (increases) in the provision for losses on investments |
|
(59) |
(31) |
(28) |
(15) |
|
|
Other income (expense), net |
|
(1) |
23 |
(157) |
1,823 |
1,865 |
|
|
|
534 |
1,112 |
2,123 |
2,881 |
6,115 |
Property, plant and equipment by Division (at year end)
|
Property, plant and equipment by Division (at year end) |
(€ million) |
2009 |
2010 |
2011 |
2012 |
2013 |
||
|
||||||||
|
|
|
|
|
|
|
|
||
|
Property, plant and equipment by segment, gross |
|
|
|
|
|
|
||
|
Exploration & Production |
|
71,189 |
85,494 |
96,561 |
103,369 |
107,380 |
||
|
Gas & Power |
|
4,750 |
4,155 |
4,206 |
4,373 |
4,438 |
||
|
Refining & Marketing |
|
13,378 |
14,177 |
14,884 |
15,744 |
16,284 |
||
|
Versalis |
|
5,174 |
5,226 |
5,438 |
5,589 |
5,898 |
||
|
Engineering & Construction |
|
9,163 |
10,714 |
11,809 |
12,621 |
12,774 |
||
|
Other activities - Snam (*) |
|
17,290 |
18,355 |
19,449 |
|
|
||
|
Other activities |
|
1,592 |
1,614 |
1,617 |
1,617 |
1,522 |
||
|
Corporate and financial companies |
|
373 |
372 |
422 |
470 |
589 |
||
|
Impact of unrealized intragroup profit elimination |
|
(343) |
(495) |
(523) |
(486) |
(490) |
||
|
|
|
122,566 |
139,612 |
153,863 |
143,297 |
148,395 |
||
|
Property, plant and equipment by segment, net |
|
|
|
|
|
|
||
|
Exploration & Production |
|
34,462 |
40,521 |
45,527 |
47,533 |
48,157 |
||
|
Gas & Power |
|
3,235 |
2,614 |
2,501 |
2,412 |
1,137 |
||
|
Refining & Marketing |
|
4,397 |
4,766 |
4,758 |
4,439 |
4,127 |
||
|
Versalis |
|
853 |
990 |
960 |
928 |
1,105 |
||
|
Engineering & Construction |
|
6,305 |
7,422 |
7,969 |
8,213 |
7,928 |
||
|
Other activities - Snam (*) |
|
10,543 |
11,262 |
12,016 |
|
|
||
|
Other activities |
|
79 |
78 |
76 |
76 |
72 |
||
|
Corporate and financial companies |
|
179 |
171 |
196 |
227 |
322 |
||
|
Impact of unrealized intragroup profit elimination |
|
(288) |
(420) |
(425) |
(362) |
(342) |
||
|
|
|
59,765 |
67,404 |
73,578 |
63,466 |
62,506 |
||
Capital expenditure by Division
|
Capital expenditure by Division |
(€ million) |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|
|
|
|
|
|
|
Exploration & Production |
|
9,486 |
9,690 |
9,435 |
10,307 |
10,475 |
|
Gas & Power |
|
207 |
265 |
192 |
225 |
232 |
|
Refining & Marketing |
|
635 |
711 |
866 |
842 |
619 |
|
Versalis |
|
145 |
251 |
216 |
172 |
314 |
|
Engineering & Construction |
|
1,630 |
1,552 |
1,090 |
1,011 |
902 |
|
Other activities |
|
44 |
22 |
10 |
14 |
21 |
|
Corporate and financial companies |
|
57 |
109 |
128 |
152 |
190 |
|
Impact of unrealized intragroup profit elimination |
|
12 |
(150) |
(28) |
38 |
(3) |
|
Capital expenditure - continuing operations |
|
12,216 |
12,450 |
11,909 |
12,761 |
12,750 |
|
Capital expenditure - discontinued operations |
|
1,479 |
1,420 |
1,529 |
756 |
|
|
Capital expenditure |
|
13,695 |
13,870 |
13,438 |
13,517 |
12,750 |
|
Investments |
|
2,323 |
410 |
360 |
569 |
317 |
|
Capital expenditure and investments |
|
16,018 |
14,280 |
13,798 |
14,086 |
13,067 |
Capital expenditure by geographic area of origin
|
Capital expenditure by geographic area of origin |
(€ million) |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|
|
|
|
|
|
|
Italy |
|
1,719 |
1,624 |
2,058 |
2,130 |
2,003 |
|
Other European Union Countries |
|
1,454 |
1,710 |
1,343 |
1,259 |
1,084 |
|
Rest of Europe |
|
574 |
724 |
1,168 |
1,626 |
1,552 |
|
Africa |
|
4,645 |
5,083 |
4,369 |
4,725 |
4,556 |
|
Americas |
|
1,207 |
1,156 |
978 |
1,184 |
1,503 |
|
Asia |
|
2,033 |
1,941 |
1,608 |
1,663 |
1,799 |
|
Other areas |
|
584 |
212 |
385 |
174 |
253 |
|
Total outside Italy |
|
10,497 |
10,826 |
9,851 |
10,631 |
10,747 |
|
Capital expenditure - continuing operations |
|
12,216 |
12,450 |
11,909 |
12,761 |
12,750 |
|
Capital expenditure - discontinued operations |
|
|
|
|
|
|
|
Italy |
|
1,479 |
1,420 |
1,529 |
756 |
|
|
Capital expenditure |
|
13,695 |
13,870 |
13,438 |
13,517 |
12,750 |
Net borrowings
|
Net borrowings |
(€ million) |
|
|
|
|
|
|
Debt and bonds |
Cash and cash |
Securities |
Financing |
Total |
|
2009 |
|
|
|
|
|
|
Short-term debt |
6,736 |
(1,608) |
(64) |
(73) |
4,991 |
|
Long-term debt |
18,064 |
|
|
|
18,064 |
|
|
24,800 |
(1,608) |
(64) |
(73) |
23,055 |
|
2010 |
|
|
|
|
|
|
Short-term debt |
7,478 |
(1,549) |
(109) |
(6) |
5,814 |
|
Long-term debt |
20,305 |
|
|
|
20,305 |
|
|
27,783 |
(1,549) |
(109) |
(6) |
26,119 |
|
2011 |
|
|
|
|
|
|
Short-term debt |
6,495 |
(1,500) |
(37) |
(28) |
4,930 |
|
Long-term debt |
23,102 |
|
|
|
23,102 |
|
|
29,597 |
(1,500) |
(37) |
(28) |
28,032 |
|
2012 |
|
|
|
|
|
|
Short-term debt |
5,184 |
(7,765) |
(34) |
(1,153) |
(3,768) |
|
Long-term debt |
19,279 |
|
|
|
19,279 |
|
|
24,463 |
(7,765) |
(34) |
(1,153) |
15,511 |
|
2013 |
|
|
|
|
|
|
Short-term debt |
4,891 |
(5,288) |
(5,037) |
(126) |
(5,560) |
|
Long-term debt |
20,988 |
|
|
|
20,988 |
|
|
25,879 |
(5,288) |
(5,037) |
(126) |
15,428 |
