(€ millions)
| Reclassified consolidated balance sheet items |
|
31.12.2008 |
31.12.2009 |
| (Where not expressly stated, the component is taken directly from the legally required format) |
Notes to the consolidated financial statements |
Partial amount from legally required format |
Amount from reclassified format |
Partial amount from legally required format |
Amount from reclassified format |
| Fixed capital |
|
|
|
|
|
| Property, plant and equipment |
|
|
10,549 |
|
16,025 |
| Compulsory inventories |
|
|
|
|
405 |
| Intangible assets |
|
|
39 |
|
741 |
| Equity investments |
|
|
|
|
301 |
| Financial receivables held for operations |
(see note 2) |
|
|
|
2 |
| Net payables for investments, consisting of: |
|
|
(286) |
|
(397) |
| - Payables for investments |
(see note 13) |
(298) |
|
(429) |
|
| - Receivables for investments/divestments |
(see note 2) |
12 |
|
32 |
|
| Total fixed capital |
|
|
10,302 |
|
17,077 |
| Net working capital |
|
|
|
|
|
| Trade receivables |
(see note 2) |
|
417 |
|
738 |
| Inventories |
|
|
128 |
|
411 |
| Tax receivables, consisting of: |
|
|
6 |
|
21 |
| - Current income tax assets |
|
1 |
|
2 |
|
| - Other current tax assets (*) |
|
2 |
|
5 |
|
| - IRES receivables for national consolidated tax scheme |
(see note 2) |
3 |
|
13 |
|
| - Group VAT receivables |
(see note 2) |
|
|
1 |
|
| Trade payables |
(see note 13) |
|
(161) |
|
(471) |
| Tax payables, consisting of: |
|
|
(48) |
|
(67) |
| - Current income tax liabilities |
|
(1) |
|
(5) |
|
| - Other current tax liabilities |
|
(4) |
|
(18) |
|
| - IRES payables for national consolidated tax scheme |
(see note 13) |
(3) |
|
(36) |
|
| - Group VAT payables |
(see note 13) |
(40) |
|
(8) |
|
| Deferred tax liabilities |
|
|
(487) |
|
(934) |
| Provisions for risks and charges |
|
|
(52) |
|
(669) |
| Derivative instruments |
(see notes 5,10,15,20) |
|
(39) |
|
(78) |
| Other assets, consisting of: |
|
|
25 |
|
145 |
| - Other receivables |
(see note 2) |
20 |
|
130 |
|
| - Other current assets |
(see note 5) |
2 |
|
5 |
|
| - Other non-current assets |
(see note 10) |
3 |
|
10 |
|
| Accruals from regulated activities, consisting of: |
|
|
(190) |
|
(235) |
| - Accruals for regulated activities |
(see notes 5,10) |
45 |
|
83 |
|
| - Deferred and accrued income from regulated activities |
(see notes 15,20) |
(235) |
|
(318) |
|
| Other liabilities, consisting of: |
|
|
(63) |
|
(193) |
| - Other payables |
(see note 13) |
(34) |
|
(162) |
|
| - Other current liabilities |
(see note 15) |
(2) |
|
(5) |
|
| - Other non-current liabilities |
(see note 20) |
(27) |
|
(26) |
|
| Total net working capital |
|
|
(464) |
|
(1,332) |
| Provisions for employee benefits |
|
|
(29) |
|
(107) |
| Assets held for sale and directly related liabilities, consisting of: |
|
|
|
|
14 |
| - Assets held for sale |
(see note 11) |
|
|
25 |
|
| - Liabilities directly related to assets held for sale |
(see note 11) |
|
|
(11) |
|
| NET INVESTED CAPITAL |
|
|
9,809 |
|
15,652 |
| Equity including minority interests |
|
|
3,573 |
|
5,703 |
| Net financial debt |
|
|
|
|
|
| Financial liabilities, consisting of: |
|
|
6,237 |
|
9,986 |
| - Long-term financial liabilities |
|
5,200 |
|
7,486 |
|
| - Current share of long-term financial liabilities |
|
14 |
|
915 |
|
| - Short-term financial liabilities |
|
1,023 |
|
1,585 |
|
| Financial receivables and cash and cash equivalents, consisting of: |
|
|
(1) |
|
(37) |
| - Other financial assets |
|
(1) |
|
(1) |
|
| - Cash and cash equivalents |
|
|
|
(36) |
|
| Total net financial debt |
|
|
6,236 |
|
9,949 |
| COVERAGE |
|
|
9,809 |
|
15,652 |
(*) Other current tax assets at 31 December 2008 have been reclassified to “Tax receivables” (€2 million).
Reclassified statement of cash flows
(€ millions)
| Reclassified consolidated balance sheet items |
2008 |
2009 |
| |
Partial amount from legally required format |
Amount from reclassified format |
Partial amount from legally required format |
Amount from reclassified format |
| Net profit |
|
530 |
|
732 |
| Adjusted by: |
|
|
|
|
| Amortisation, depreciation and other non-monetary components |
|
488 |
|
622 |
| - Amortisation and depreciation |
489 |
|
613 |
|
| - Net impairment losses (reversal of impairment losses) |
1 |
|
(22) |
|
| - Change in provisions for risks and charges |
(8) |
|
26 |
|
| - Change in provisions for employee benefits |
|
|
(1) |
|
| - Net expense for divestments and eliminations |
6 |
|
6 |
|
| Interest, income taxes and other changes: |
|
490 |
|
552 |
| - Interest assets |
(32) |
|
(9) |
|
| - Interest liabilities |
255 |
|
212 |
|
| - Income taxes |
266 |
|
347 |
|
| - Other changes |
1 |
|
2 |
|
| Cash flows from operating activities before changes in working capital |
|
1,508 |
|
1,906 |
| Changes in working capital due to operating activities: |
|
90 |
|
(140) |
| - Inventories |
(33) |
|
54 |
|
| - Trade and other receivables |
61 |
|
(202) |
|
| - Other assets |
(43) |
|
(35) |
|
| - Trade and other payables |
31 |
|
(10) |
|
| - Other liabilities |
74 |
|
53 |
|
| Cash flows from operating activities |
|
1,598 |
|
1,766 |
| Interest and income taxes collected (paid): |
|
(545) |
|
(602) |
| - Interest collected |
43 |
|
10 |
|
| - Interest paid |
(252) |
|
(204) |
|
| - Income taxes (paid) received |
(336) |
|
(408) |
|
| Net cash flows from operating activities |
|
1,053 |
|
1,164 |
| Investments |
|
(1,097) |
|
(5,699) |
| - Property, plant and equipment |
(1,071) |
|
(1,189) |
|
| - Intangible assets |
(26) |
|
(36) |
|
| - Change in consolidation scope |
|
|
(4,474) |
|
| Divestments: |
|
2 |
|
30 |
| - Property, plant and equipment |
2 |
|
18 |
|
| - Equity investments |
|
|
12 |
|
| Net payables for investments |
|
74 |
|
16 |
| Free cash flow |
|
32 |
|
(4,489) |
| Change in financial payables: |
|
354 |
|
1,530 |
| - Taking on long-term financial liabilities |
3,564 |
|
12,407 |
|
| - Repayment of long-term financial liabilities |
(2,865) |
|
(10,564) |
|
| - Increase (decrease) in short-term financial liabilities |
(345) |
|
(313) |
|
| Equity cash flows |
|
(386) |
|
2,995 |
| Net cash flows for the year |
|
0 |
|
36 |