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

Half-yearly financial report at June 30, 2013Notes to the income statementThe main components of this item are as follows:Operating expenses - Millions of euro 06 30 2013 06 30 2012Raw materials and consumables 1,376 2,003Service costs 399 381Total expenses for raw materials and services 1,775 2,384Other operating expenses 112 133Total operating expenses 1,887 2,517“Total expenses for raw materials and services” amounted to 1,775 million euro (2,384 millioneuro in the six months ended June 30, 2012), of which 134 million euro relating to theconsolidation of Edipower S.p.A., therefore decreasing by 609 million euro.92This decrease is due to the combined effect of the following factors:• a reduction of 681 million euro in the purchase of raw materials and consumables, due to adecrease in costs for the purchase of power and fuel of 687 million euro, a decrease in thecosts relating to the purchase of emission certificates and allowances of 2 million euro, anincrease in the purchase of materials of 7 million euro and a net increase of 1 million euroarising from hedging gains and losses on operating derivatives;• an increase of 18 million euro in costs for delivery, subcontracted work and services;• a negative change of 54 million euro in stocks of fuels and materials.The following table sets out details of the more significant components:Millions of euro 06 30 2013 06 30 2012Purchases of power and fuel 1,201 1,888Purchases of materials 41 34Purchases of water 2 2Hedging losses on operating derivatives 2 3Hedging gains on operating derivatives (5) (7)Purchases of emission certificates and allowances 34 36Total expenses for raw materials and consumables 1,275 1,956Electricity delivery, subcontracted work and services 399 381Total service costs 399 381Change in inventories of fuel and materials 101 47Total expenses for raw materials and services 1,775 2,384Other operating expenses 112 133Total operating expenses 1,887 2,517