Annual Report 2010 - Enel.com

prior-year items recognized in 2009, only partially offset
by increased operating expenses;
> a €15 million decline in the margin in Italy and the rest
of Europe, essentially due to the effect of the €28 million
decrease in the margin achieved in Italy. These factors
were partially offset by higher margins achieved in
France and Bulgaria (€11 million) as a result of higher
Capital expenditure
volumes sold, as well as the €5 million increase in the
margin of Enel.si.
Operating income totaled €966 million, a rise of €28
million after an increase of €104 million in depreciation,
amortization and impairment losses, essentially attributable
to the change in the scope of consolidation.
Millions of euro
2010 2009 2010-2009
Generation plants:
- hydroelectric 153 123 30
- geothermal 174 151 26
- alternative energy resources 712 468 244
Total power plants
Other investments in property, plant and equipment and
1,039 742 297
intangible assets 26 29 (3)
TOTAL (1) 1,065 771 294
(1) Does not include €11 million regarding units classified as “held for sale” at December 31, 2010.
Capital expenditure totaled €1,065 million, up €294 million
compared with 2009. Of the total investments made
during 2010, €514 million were in Italy (€337 million in
2009) and €551 million abroad (€434 million in 2009).
Expenditure mainly regarded work on power plants
(€1,039 million), of which €712 million on alternative energy
plants (mainly wind power), €174 million on geothermal
plants and €153 million on hydroelectric facilities.
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