Half-yearly financial Report at June 30, 2013 - A2A

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Half-yearly financial report at June 30, 2013Environment sectorThe Environment Sector comprises the activities relating to the entire waste managementcycle. These activities are briefly described below:• Collection and street sweeping: street cleaning and the collection of waste fortransportation to its destination;• Treatment: an activity that is carried out in dedicated centers to recover or convert thewaste in order to make it suitable for the recovery of materials, energy recovery throughwaste to energy plants or disposal in landfills;• Disposal: this involves the final disposal of urban and special waste in combustion plantsor landfills, where possible recovering energy through waste to energy process or the useof biogas.203The following companies form part of the Environment Sector:EnvironmentConsolidated companiesof the A2A GroupCollection andstreet sweepingTreatmentDisposal andenergy recovery• Gruppo Ecodeco• Amsa• Aprica• Montichiariambiente• Partenope Ambiente• Aspem S.p.A.
Half-yearly financial report at June 30, 2013Environment sectorThe following is a summary of the key quantitative and economic data of the sector.Quantitative data06 30 2013 06 30 2012 Change % 2013/2012Waste collected (Kton)* 460 473 (13) (2.7%)Waste disposed of (Kton) 1,284 1,253 31 2.5%Electricity sold (GWh) 557 583 (26) (4.5%)Heat sold (GWht)** 646 567 79 13.9%(*) Waste collected in the municipalities of Milan, Brescia, Bergamo and Varese(**) Quantities at the plant entranceThere was a decrease of 2.7% in the quantity of waste collected in the first half of the year comparedto the same period of the previous year, mainly due to the continuation of the difficult economicsituation. The quantity of waste disposed of was however higher than that for same period of theprevious year (+2.5%) as the result of new disposal contracts acquired in the Milan and Pavia areas.204The production of heat by the waste to energy plants exceeded that for the first six months of 2012(+79 thermal GWh) due to the increased quantities required by the district heating sector. Thequantities of electricity sold accordingly fell by 4.5% from 583 GWh to 557 GWh.Economic dataMillions of euro 01 01 2013 01 01 2012 Change06 30 2013 06 30 2012Revenues 448 434 14Gross operating income 155 140 15% of revenues 34.6% 32.3%Depreciation, amortization and provisions (32) (43) 11Net operating income 123 97 26% of revenues 27.5% 22.4%Investments 18 17 1The Environment Sector posted revenues of 448 million euro in the period (434 million euroin the six months ended June 30, 2012).Gross operating income amounted to 155 million euro (140 million euro in the first half of2012). This figure includes revenues of 27 million euro relating to the previous period whichwere recognized in 2013 as the Decree of the Minister for Economic Development of April 24,2013 established that Opinion no. 535 of the Electricity and Gas Authority (AEEG) is not
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Page 153 and 154: Half-yearly financial report at Jun
Page 158 and 159: Attachments to thenotes to the Half
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Page 188 and 189: Scenario and market
Page 196 and 197: Analysis of mainsectors of activity
Page 216 and 217: Risks and uncertainties
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Page 244 and 245: Certification of thecondensed half-
Page 246 and 247: IndipendentAuditor’s report
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Half-yearly financial Report at June 30, 2013 - A2A

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