- Page 1: Annual Report 2006
- Page 4 and 5: Chile, Pilmaiquén hydroelectric pl
- Page 6: Quality, competitiveness and innova
- Page 9: We speak energy in 18 languages
- Page 14 and 15: Costa Rica, Río Volcán hydroelect
- Page 16 and 17: Corporate Enel SpA Domestic Sales D
- Page 18 and 19: Powers Board of Directors Corporate
- Page 20 and 21: On the efficiency front, we have la
- Page 22 and 23: Last year we acquired Slovenské el
- Page 24 and 25: Summary of results Highlights 14 En
- Page 26 and 27: Results by Division Gross operating
- Page 28 and 29: The economic recovery in the euro a
- Page 30 and 31: Significant events in 2006 Disposal
- Page 32 and 33: Bulgaria. Enel had already acquired
- Page 34 and 35: Memorandum of Understanding with NE
- Page 36 and 37: Regulatory and rate developments Th
- Page 38 and 39: a decision on the appeal, Enel sold
- Page 40 and 41: Enel generation and sales (domestic
- Page 42 and 43: (formerly Maritza East 3 Operating
- Page 44 and 45: Revenues (millions of euro) 38,513
- Page 46 and 47: Costs Millions of euro 2006 2005 20
- Page 48 and 49: Depreciation, amortization and impa
- Page 50 and 51: Equity investments accounted for us
- Page 52 and 53: Net financial debt (millions of eur
- Page 54 and 55: Results by Division The results pre
- Page 56 and 57: The following table reconciles segm
- Page 58 and 59: the cost of raw materials and ancil
- Page 60 and 61:
Gas Rates and rate updates In conju
- Page 62 and 63:
Gas sales and customers 52 Enel Ann
- Page 64 and 65:
Domestic Generation and Energy Mana
- Page 66 and 67:
y authorized sources treated as ren
- Page 68 and 69:
following the reconstruction of the
- Page 70 and 71:
With Resolution no. 230/06 of Octob
- Page 72 and 73:
Recognition of costs for green cert
- Page 74 and 75:
offset by increases in geothermal g
- Page 76 and 77:
well as the change in the fair valu
- Page 78 and 79:
the electricity and gas industry an
- Page 80 and 81:
Gas Rates and rate updates With Res
- Page 82 and 83:
Electricity distribution and transp
- Page 84 and 85:
International All resources used in
- Page 86 and 87:
allowances of 3.9 million metric to
- Page 88 and 89:
For 2006, the recognition of costs
- Page 90 and 91:
The net efficient generation capaci
- Page 92 and 93:
Capital expenditure Millions of eur
- Page 94:
Operating income came to €423 mil
- Page 98 and 99:
Outlook In an increasingly competit
- Page 100 and 101:
a method of assessing the contribut
- Page 102 and 103:
To increase control over the strate
- Page 104 and 105:
incentives, the Company reaffirmed
- Page 106 and 107:
Stock option plans Since 2000 the E
- Page 108 and 109:
preceding solar month. Subscription
- Page 110 and 111:
Capital increase to serve the 2003
- Page 112 and 113:
serves all the options assigned und
- Page 114 and 115:
exercised, with regard to the inter
- Page 116 and 117:
Bulgaria, Maritza thermal plant
- Page 119 and 120:
Consolidated Income Statement Milli
- Page 121 and 122:
Millions of euro Notes LIABILITIES
- Page 123 and 124:
Statement of Profits and Losses Rec
- Page 126 and 127:
Notes to the financial statements 1
- Page 128 and 129:
of individual customers calculated
- Page 130 and 131:
discounting the expected future cas
- Page 132 and 133:
Consolidation procedure The financi
- Page 134 and 135:
The cost of replacing part or all o
- Page 136 and 137:
economic benefits and the related c
- Page 138 and 139:
128 shareholders’ equity are equa
- Page 140 and 141:
of which is expected to result in a
- Page 142 and 143:
in effect on the date the temporary
- Page 144 and 145:
exchange rates”, effective for an
- Page 146 and 147:
measured using market prices relate
- Page 148 and 149:
The following table reports the exp
- Page 150 and 151:
The market value of exchange rate d
- Page 152 and 153:
Fair value of trading derivatives o
- Page 154 and 155:
and distribution of electricity, th
- Page 156 and 157:
The following tables report the cal
- Page 158 and 159:
Segment information for 2006 and 20
- Page 160 and 161:
Information on the Consolidated Inc
- Page 162 and 163:
Income from equity exchange transac
- Page 164 and 165:
The rise of €256 million is essen
- Page 166 and 167:
10. Financial income/(expense) -
- Page 168 and 169:
13. Discontinued operations - €0
- Page 170 and 171:
“Plant and machinery” includes
- Page 172 and 173:
Investments in power plants totaled
- Page 174 and 175:
Accordingly, the goodwill recognize
- Page 176 and 177:
The changes for the year in the equ
- Page 178 and 179:
The increase in the fair values of
- Page 180 and 181:
Trade receivables from customers ar
- Page 182 and 183:
24. Cash and cash equivalents - €
- Page 184 and 185:
Reserve from measurement of financi
- Page 186 and 187:
Non-current liabilities 27. Long-te
- Page 188 and 189:
Maritza East III Power Company) in
- Page 190 and 191:
The Group’s main long-term financ
- Page 192 and 193:
28. Post-employment and other emplo
- Page 194 and 195:
this amounted to €679 million in
- Page 196 and 197:
32. Other non-current liabilities -
- Page 198 and 199:
36. Other current liabilities - €
- Page 200 and 201:
38. Contractual commitments and gua
- Page 202 and 203:
measuring of the parameters and cal
- Page 204 and 205:
its case to request a substantial r
- Page 206 and 207:
Audit Court, finding that the forme
- Page 208 and 209:
necessary administrative authorizat
- Page 210 and 211:
Developments in stock option plans
- Page 212:
Compensation of directors, members
- Page 215 and 216:
Attachments
- Page 217 and 218:
Limit to the ownership of shares Im
- Page 219 and 220:
Section 2: Implementation of the re
- Page 221 and 222:
eference to conflicts of interest,
- Page 223 and 224:
(between 1993 and 1996), overseeing
- Page 225 and 226:
management and technology consultin
- Page 227 and 228:
Following the recommendations of th
- Page 229 and 230:
of sound corporate governance withi
- Page 231 and 232:
expertise) of Directors who qualify
- Page 233 and 234:
In 2006, the Compensation Committee
- Page 235 and 236:
During 2005, in adjusting its gover
- Page 237 and 238:
publications, he has been a member
- Page 239 and 240:
the consolidated financial statemen
- Page 241 and 242:
eports on his activity to the execu
- Page 243 and 244:
on privileged information - and car
- Page 245 and 246:
Shareholders’ Meetings The sugges
- Page 247 and 248:
Compliance Program In July 2002 the
- Page 249 and 250:
TABLE 3: Other provisions of the Se
- Page 251 and 252:
Subsidiaries consolidated on a line
- Page 253 and 254:
Registered % Group % Company name o
- Page 255 and 256:
Subsidiaries held by Enel North Ame
- Page 257 and 258:
Registered % Group % Company name o
- Page 259 and 260:
Registered % Group % Company name o
- Page 261 and 262:
Registered % Group % Company name o
- Page 263 and 264:
Registered % Group % Company name o
- Page 265 and 266:
Associated companies accounted for
- Page 267 and 268:
Companies in liquidation or held fo
- Page 269:
Reports
- Page 272 and 273:
Glossary Cash-generating unit 262 E
- Page 274:
Design AReA - Rome Publishing servi