Management report
REFINING & MARKETING
The results of Coastal Refining and of Integrated Downstream are included in the Refining &
Marketing sector.
The breakdown of EBITDA at adjusted replacement cost and of the capital expenditures between the various activities of the Refining & Marketing business was as follows:
| (Eur million) | Year 2013 | Year 2012 |
|---|---|---|
| EBITDA at adjusted replacement cost | ||
| Integrated Downstream | 45 | 53 |
| Coastal refining | (50) | (32) |
| TOTAL | (5) | 21 |
| Adjusted capital expenditures on tangible and intangible fixed asset | ||
| Integrated Downstream | 41 | 37 |
| Coastal refining (1) | - | 14 |
| TOTAL | 41 | 51 |
(1) since September 2012, the adjusted capital expenditures of Coastal Refining have no longer included the ERG share of the capital expenditures made by ISAB S.r.l.