Annual Report 2010 - Enel.com
Annual Report 2010 - Enel.com
Annual Report 2010 - Enel.com
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Results by Division<br />
The representation of divisional performance and financial results presented here is based on the approach<br />
used by management in monitoring Group performance for the two periods under review.<br />
Results by Division for <strong>2010</strong> and 2009<br />
<strong>2010</strong> results (1)<br />
Millions of euro Sales GEM<br />
Eng. &<br />
Innov.<br />
Infra.<br />
&<br />
Networks<br />
Iberia<br />
& Latin<br />
America Int’l<br />
Renewable<br />
Energy<br />
86 <strong>Enel</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2010</strong> <strong>Report</strong> on operations<br />
Parent<br />
Company<br />
Services<br />
and Other<br />
Activities<br />
Eliminations<br />
and<br />
adjustments Total<br />
Revenues from third<br />
parties 18,499 12,173 106 2,991 31,022 6,203 1,934 358 102 (11) 73,377<br />
Revenues from other<br />
segments 198 5,367 502 4,436 241 157 245 321 1,031 (12,498) -<br />
Total revenues 18,697 17,540 608 7,427 31,263 6,360 2,179 679 1,133 (12,509) 73,377<br />
Net in<strong>com</strong>e/(charges)<br />
from <strong>com</strong>modity risk<br />
management (587) 788 - - 28 (29) 89 (9) - - 280<br />
Gross operating margin 483 2,392 14 3,813 7,896 1,520 1,310 (68) 136 (16) 17,480<br />
Depreciation,<br />
amortization and<br />
impairment losses 425 560 4 902 3,253 617 344 7 110 - 6,222<br />
Operating in<strong>com</strong>e 58 1,832 10 2,911 4,643 903 966 (75) 26 (16) 11,258<br />
Net financial in<strong>com</strong>e/<br />
(expense) and in<strong>com</strong>e/<br />
(expense) from equity<br />
investments accounted<br />
for using equity method - - - - - - - - - - (3,184)<br />
In<strong>com</strong>e taxes - - - - - - - - - - 2,401<br />
Net in<strong>com</strong>e from<br />
continuing operations - - - - - - - - - - 5,673<br />
Net in<strong>com</strong>e from<br />
discontinued operations - - - - - - - - - - -<br />
Net in<strong>com</strong>e (Group and<br />
minority interests) - - - - - - - - - - 5,673<br />
Operating assets 6,162 14,934 316 17,680 77,764 (2) 13,103 (5) 9,654 (8) 1,075 2,529 (5,732) 137,485<br />
Operating liabilities 5,673 4,467 374 5,825 13,500 (3) 5,184 (6) 1,235 (9) 1,166 1,543 (5,734) 33,233<br />
Capital expenditure 62 648 5 1,147 2,866 (4) 1,210 (7) 1,065 (10) 7 80 - 7,090<br />
(1) Segment revenues include both revenues from third parties and revenue flows between the segments. An analogous approach was taken for other in<strong>com</strong>e and<br />
costs for the year.<br />
(2) Of which €484 million regarding units classified as “held for sale”.<br />
(3) Of which €145 million regarding units classified as “held for sale”.<br />
(4) Does not include €76 million regarding units classified as “held for sale”.<br />
(5) Of which €592 million regarding units classified as “held for sale”.<br />
(6) Of which €26 million regarding units classified as “held for sale”.<br />
(7) Does not include €10 million regarding units classified as “held for sale”.<br />
(8) Of which €399 million regarding units classified as “held for sale”.<br />
(9) Of which €14 million regarding units classified as “held for sale”.<br />
(10) Does not include €11 million regarding units classified as “held for sale”.
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