ERG to hold fourth quarter and full year 2013 results
The conference call is scheduled for 15.00 Italian time (14.00 UK time) on Wednesday, March 12, 2014.
Separate financial statements
Statement of financial position(1)
| (Eur) | Notes | 31/12/2013 | 31/12/2012 | ||
|---|---|---|---|---|---|
| Intangible fixed assets | 1 | 1.675.315 | 3.400.980 | ||
| Goodwill | 2 | - | 2.777.255 | ||
| Property, plant and machinery | 3 | 12.872.753 | 13.943.637 | ||
| Equity investments | 4 | 885.504.840 | 1.157.704.353 | ||
| Other financial assets | 5 | 159.951.534 | 166.960.246 | ||
|
of which towards related parties |
37 | 159.951.534 | 166.848.796 | ||
| Deferred tax assets | 6 | 14.785.650 | 31.471.597 | ||
| Other non-current assets | 7 | 2.349.767 | 2.740.142 | ||
| Non-current assets | |||||
| Inventories | 8 | - | 158.005.419 | ||
| Trade receivables | 9 | 218.441.233 | 394.876.568 | ||
|
of which towards related parties |
37 | 10.554.447 | 89.020.642 | ||
| Other current receivables and assets | 10 | 104.264.989 | 109.832.283 | ||
|
of which towards related parties |
37 | 72.684.997 | 49.383.551 | ||
| Current financial assets | 11 | 113.274.354 | 56.972.570 | ||
|
of which towards related parties |
37 | 112.607.080 | 31.297.885 | ||
| Cash and cash equivalents | 12 | 791.596.866 | 840.992.952 | ||
| Current assets | |||||
| Assets held for sale | 23 | 417.955.122 | - | ||
|
of which towards related parties |
28.853.913 | - | |||
| TOTAL ASSET | 2.722.672.422 | 2.939.678.000 | |||
| Shareholders' equity | 13 | 1.524.071.204 | 1.551.592.486 | ||
| Employees' severance indemnities | 14 | 727.515 | 1.225.156 | ||
| Deferred tax liabilities | 15 | 5.027.336 | 6.011.091 | ||
| Provisions for non-current liabilities and charges | 16 | 91.660.695 | 10.648.170 | ||
| Non-current financial liabilities | 17 | 33.864.635 | 119.684.148 | ||
| Other non-current liabilities | 18 | 4.590.546 | 7.670.109 | ||
|
of which towards related parties |
37 | - | 5.810.916 | ||
| Non-current liabilities | 135.870.728 | 145.238.674 | |||
| Provisions for current liabilities and charges | 19 | 35.067.836 | 53.762.660 | ||
| Trade payables | 20 | 299.301.180 | 583.009.222 | ||
|
of which towards related parties |
37 | 641.759 | 47.215.386 | ||
| Current financial liabilities | 21 | 307.834.821 | 573.207.466 | ||
|
of which towards related parties |
37 | 19.405.069 | 72.099.128 | ||
| Other current liabilities | 22 | 107.100.420 | 32.867.493 | ||
|
of which towards related parties |
37 | 32.368.108 | 19.734.157 | ||
| Current liabilities | 749.304.257 | 1.242.846.840 | |||
| Liabilities held for sale | 23 | 313.426.235 | - | ||
|
of which towards related parties |
39.955.927 | - | |||
| TOTAL LIABILITIES AND EQUITY | 2.722.672.422 | 2.939.678.000 | |||
(1) the separate statement of financial position of ERG S.p.A. as at 31 December 2013 is laid out according to the provisions of IFRS 5 "Non-Current Assets Held for Sale and Discontinued Operations". As a result, it excludes the assets and liabilities relating to the Supply & Trading and Power Businesses, which are indicated separately in the rows "Assets and liabilities held for sale" considering the transfer of the assets and liabilities of the two businesses to the whollyowned subsidiaries ERG Supply & Trading S.p.A. and ERG Power Generation S.p.A. as a result of the new organisational structure of the Group described in the paragraph New Organisational Model.