ENI SPA | CIK:0001002242 | 3

  • Filed: 4/13/2018
  • Entity registrant name: ENI SPA (CIK: 0001002242)
  • Generator: Unknown
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1002242/000117494718000616/0001174947-18-000616-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1002242/000117494718000616/e-20171231.xml
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  • ifrs-full:DisclosureOfRevenueExplanatory

    39 Revenues

    Net sales from operations

    (€ million)   2017   2016   2015
    Revenues from sales and services     66,920       55,764       72,290  
    Change in contract work in progress     (1 )     (2 )     (4 )
          66,919       55,762       72,286  

    Revenues from sales were stated net of the following items:

    (€ million)   2017   2016   2015
    Excise taxes     11,378       11,913       11,889  
    Services recharged to joint venture partners     4,702       4,441       5,609  
    Sales to service station managers for sales billed to holders of credit cards     1,675       1,553       1,643  
    Exchanges of oil sales (excluding excise taxes)     994       878       1,154  
          18,749       18,785       20,295  

    Net sales from operations by industry segment and geographical area of destination are disclosed in note 46 — Information by industry segment and by geographical area.

    Net sales from operations with related parties are disclosed in note 47 — Transactions with related parties.

    Other income and revenues

    (€ million)   2017   2016   2015
    Gains from sale of assets and businesses     3,288       14       459  
    Gains on price adjustments under overlifting/underlifting transactions     166       238       253  
    Lease and rental income     84       81       85  
    Contract penalties and other trade revenues     42       72       36  
    Compensation for damages     9       122       36  
    Other proceeds(*)     469       404       383  
          4,058       931       1,252  

    _______

      (*) Each individual amount included herein was lower than €50 million.

    Gains from the sale of assets and business of  €3,288 million related to the divestment of a 25% stake in natural gas-rich Area 4 offshore Mozambique (€1,985 million) and of a 40% stake in the Zohr project (€1,281 million). Compensations for 2016 of  €122 million related to a loss in property value following an accident occurred at the EST conversion plant at the Sannazzaro refinery.

    Other income and revenues with related parties are disclosed in note 47 — Transactions with related parties.