XML 39 R32.htm IDEA: XBRL DOCUMENT

Trade and other payables

12 Months Ended

Dec. 31, 2017

Disclosure Of Trade And Other Payables [Abstract]

Disclosure of trade and other payables [text block]

25 Trade and other payables

(€ million)	December 31, 2017		December 31, 2016
Trade payables		10,890		11,038
Advances		797		526
Other payables
- related to capital expenditures		2,094		2,158
- others		2,967		2,981
		5,061		5,139
		16,748		16,703

Down payments and advances for €797 million (€526 million at December 31, 2016) related to the Exploration & Production segment for €444 million (€153 million at December 31, 2016) and included €180 million of advances denominated in local currency relating to future supplies of equity hydrocarbons to our Egyptian State-owned partners in relation to the operations of Eni’s Concession Agreements in the Country for the next four-year period and in particular, among these, the Zohr project. Those advances have further reduced the Group net exposure towards the Country.

Other payables were as follows:

(€ million)	December 31, 2017		December 31, 2016
Payables related to capital expenditures due to
Suppliers in relation to investing activities		1,804		1,835
Joint venture partners in exploration and production activities		264		219
Other		26		104
		2,094		2,158
Other payables
Joint venture partners in exploration and production activities		1,968		2,057
Employees		184		180
Social security entities		84		94
Non-financial government entities		23		6
Other		708		644
		2,967		2,981
		5,061		5,139

Because of the short-term maturity and conditions of remuneration of trade payables, the fair value approximated the carrying amount.

Payables due to related parties are described in note 47 — Transactions with related parties.