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

More documents

Recommendations

Info

Half-yearly financial report at June 30, 2013Networks sectorredundancy schemes in connection with the business restructuring plan. Excluding that effect,the sector's gross operating income was essentially in line with that of the same period of theprevious year.In the electricity distribution sector the negative consequences of new legislation (Resolutionno. 559/12 of the AEEG), which amended the criteria for calculating distribution losses, wasoffset by a decrease in disposal costs and the effect of the non-recurring expenses incurred inthe first half of 2012.The gross operating income of the gas distribution segment fell slightly: the increased costsincurred from the adjustment of concession fees for satisfying the requirement for whitecertificates were partially offset by the increase in revenues for connection fees and services.The contribution from the electricity distribution segment of the EPCG Group also fell overthe first six months of 2012, mainly as the result of the lower quantities of energy distributedto a large energy consumer.The performance of the Integrated Water Service was on the other hand positive compared tothe first half of 2012 as the result of the introduction of the new tariffs for 2013.211Depreciation, amortization and provisions amounted to 52 million euro, essentially in line withthe first six months of 2012.As a result of the above changes, net operating income amounted to 69 million euro (80million euro in the six months ended June 30, 2012).Capital expenditure in the Milan and Brescia areas in the half year amounted to 41 million euroand regarded:• in the electricity distribution segment, development and maintenance work on plants andin particular the connection of new users, the maintenance of secondary cabins, theextension and refurbishment of the medium and low voltage network and themaintenance and upgrading of primary plants (18 million euro);• in the gas distribution segment, development and maintenance work on plants relating tothe connection of new users and the replacement of medium and low pressure piping andgas meters (17 million euro);• in the integrated water cycle, work carried out on the water transportation anddistribution network and the sewerage networks (6 million euro).The EPCG Group made investments of 9 million euro which regarded development andmaintenance work carried out on the electricity distribution network (1.4 million euro) andthe replacement of meters (7.6 million euro).
Half-yearly financial report at June 30, 2013Other services and corporate212The following is a brief description of the activities carried out by this sector:• Corporate ( 3 ): direction, coordination and control activities, such as businessdevelopment, strategic direction, planning and control, financial management andcoordination of the Group's activities; central services to support the business andoperating activities (e.g. administrative and accounting services, legal services,procurement, personnel management, information technology, communication services,etc.) provided by the parent company under specific intercompany service agreements;• Other services: activities relating to video-surveillance, data transmission, telephony andinternet access services.In addition to the activities carried out directly by A2A S.p.A., this area also includes thefollowing companies:Other services andcorporateConsolidated companies of the A2A GroupOther servicesCorporate• Selene• Aspem S.p.A.• A2A Logistica• EPCG(3) This includes the General Manager's Office (Corporate and Market Area), the General Manager's staff (Technical-OperationsArea) and the staff of the Office of the Chairman of the Management Board and of the Chairman of the Supervisory Board.
Page 1 and 2:
Half-yearly financialreportat June
Page 3 and 4:
Half-yearly financial report at Jun
Page 5 and 6:
4Half-yearly financial report at Ju
Page 7:
Page 10 and 11:
Page 12 and 13:
Page 14 and 15:
Page 16 and 17:
Consolidated resultsand report onop
Page 18 and 19:
Page 20 and 21:
Page 22 and 23:
Page 24 and 25:
Page 26 and 27:
Page 28 and 29:
Page 30 and 31:
Page 32:
Page 35 and 36:
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Page 45 and 46:
Page 47 and 48:
Page 49 and 50:
Page 51 and 52:
Page 53 and 54:
Page 55 and 56:
Page 57 and 58:
Page 59 and 60:
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
Page 79 and 80:
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
Page 158 and 159:
Attachments to thenotes to the Half
Page 160 and 161:
Page 162 and 163: Half-yearly financial report at Jun
Page 170: Half-yearly financial report at Jun
Page 188 and 189: Scenario and market
Page 196 and 197: Analysis of mainsectors of activity
Page 216 and 217: Risks and uncertainties
Page 230 and 231: Responsiblemanagement forsustainabi
Page 244 and 245: Certification of thecondensed half-
Page 246 and 247: IndipendentAuditor’s report
show all

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

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?