XML 104 R97.htm IDEA: XBRL DOCUMENT

Transactions with related parties (Tables)

12 Months Ended

Dec. 31, 2017

Transactions With Related Parties

Disclosure of detailed information about trade and other transactions with related parties [text block]

Trade and other transactions with related parties

(€ million)		December 31, 2017												2017
		Receivables and other assets				Payables and other liabilities				Guarantees				Costs												Revenues												Other operating (expense)
Name														Goods				Services				Other				Goods				Services				Other				income
Joint ventures and associates
Petrobel Belayim Petroleum Co			86				1,205												3,168												8
Coral FLNG SA			20				4				1,094																				26				2
Saipem Group			63				76				7,270								450								5				30				9
Karachaganak Petroleum Operating BV			36				121								652				295				4
Mellitah Oil & Gas BV			5				220								34				461												2
Agiba Petroleum Co			1				83												142
Unión Fenosa Gas SA											57				1								2				202												28
Other(*)			84				22								26				113				1				82				39				7
			295				1,731				8,421				713				4,629				7				289				105				18				28
Unconsolidated entities controlled by Eni
Eni BTC Ltd											169
Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation)			77				1				5																				7
Other^(*)			20				23				7				4				10								2				4				1
			97				24				181				4				10								2				11				1
			392				1,755				8,602				717				4,639				7				291				116				19				28
Entities controlled by the Government
Enel Group			123				187								19				603								94				70								285
Snam Group			187				351								68				1,153								83				2
Terna Group			35				31								84				122				6				98				56								15
GSE - Gestore Servizi Energetici			69				219								303				6				197				470				211				21				2
Italgas Group			14				180				1								678				3				8				10
Other^(*)			50				21								2				27				9				11				4				1				1
			478				989				1				476				2,589				215				764				353				22				303
Pension funds and foundations			1				2																25				1
Groupement Sonatrach – Agip «GSA» e Organe Conjoint des Opérations «OC SH/FCP»			39				145								19				484				27								42
			910				2,891				8,603				1,212				7,712				274				1,056				511				41				331

_________

(*)

Each individual amount included herein was lower than €50 million.

(€ million)		December 31, 2016												2016
		Receivables and other assets				Payables and other liabilities				Guarantees				Costs												Revenues												Other operating (expense)
Name														Goods				Services				Other				Goods				Services				Other				income
Joint ventures and associates
Agiba Petroleum Co			1				50												156
Saipem Group			64				224				8,094								775				6				9				37				5
Karachaganak Petroleum Operating BV			47				187								573				333				12				7				1				19
Mellitah Oil & Gas BV			7				134								5				472
Petrobel Belayim Petroleum Co			225				532												1,940																2
Unión Fenosa Gas SA											57																93								1
Other^(*)			114				25				1				32				113								86				44				13				47
			458				1,152				8,152				610				3,789				18				195				82				40				47
Unconsolidated entities controlled by Eni
Eni BTC Ltd											192
Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation)			69				1				3																				2
Other^(*)			9				16				51				4				4								6				2				2
			78				17				246				4				4								6				4				2
			536				1,169				8,398				614				3,793				18				201				86				42				47
Entities controlled by the Government
Enel Group			151				254								28				780								88				95				18				182
Snam Group			44				541				1				125				1,902				5				99				14
Terna Group			33				46								60				165				7				61				56								13
GSE - Gestore Servizi Energetici			58				32								206				5				32				344				68				2				5
Italgas Group			54				1												4
Other^(*)			43				24												37								62				6
			383				898				1				419				2,893				44				654				239				20				200
Pension funds and foundations							2												4				28
Groupement Sonatrach – Agip «GSA» e Organe Conjoint des Opérations «OC SH/FCP»			176				331								5				413				5								58				12
			1,095				2,400				8,399				1,038				7,103				95				855				383				74				247

_________

(*)

Each individual amount included herein was lower than €50 million.

(€ million)		December 31, 2015												2015
		Receivables and other assets				Payables and other liabilities				Guarantees				Costs												Revenues												Other operating (expense)
Name														Goods				Services				Other				Goods				Services				Other				income
Continuing operations
Joint ventures and associates
Agiba Petroleum Co			6				60												187
CEPAV (Consorzio Eni per l’Alta Velocità) Due							1
CEPAV (Consorzio Eni per l’Alta Velocità) Uno											6,122
Karachaganak Petroleum Operating BV			48				171								748				403				8								10
Mellitah Oil & Gas BV			8				16								46				339												19
Petrobel Belayim Petroleum Co			16				183												543
Petromar Lda			2								6
Unión Fenosa Gas SA			1								57																												(4	)
Other^(*)			118				42								27				124				1				60				70				37				(2	)
			199				473				6,185				821				1,596				9				60				99				37				(6	)
Unconsolidated entities controlled by Eni
Eni México S. de RL de CV											101
Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation)			65				1				9																				3
Other^(*)			17				19				3				2				2								4				2				2
			82				20				113				2				2								4				5				2
			281				493				6,298				823				1,598				9				64				104				39				(6	)
Entities controlled by the Government
Enel Group			138				203												1,063								196				134								90
Snam Group			144				522				3				137				2,014				5				249				24				1
Terna Group			18				42								109				125				14				77				19				29				12
GSE - Gestore Servizi Energetici			44				63								419				5				35				307				43
Other^(*)			22				38												56				6				29				1
			366				868				3				665				3,263				60				858				221				30				102
Pension funds and foundations			1				2												4				50
Groupement Sonatrach – Agip «GSA» e Organe Conjoint des Opérations «OC SH/FCP»			185				300												453				12				35				60
			833				1,663				6,301				1,488				5,318				131				957				385				69				96
Discontinued operations
Joint ventures and associates
CEPAV (Consorzio Eni per l’Alta Velocità) Due			60				99				68								101												145
CEPAV (Consorzio Eni per l’Alta Velocità) Uno			9				3												3												1
KWANDA - Suporte Logistico Lda			69				10																5								8
Mellitah Oil & Gas BV			9																7
Petrobel Belayim Petroleum Co			19																												86
Petromar Lda			97				16												16												45
Other^(*)			14				27								10				54								1				21				1
			277				155				68				10				181				5				1				306				1
Unconsolidated entities controlled by Eni
Other^(*)			1				1												2
			1				1												2
Entities controlled by the Government
Snam Group			25				46																								36
Other^(*)							5												3
			25				51												3												36
Pension funds and foundations																							1
			303				207				68				10				186				6				1				342				1
			1,136				1,870				6,369				1,498				5,504				137				958				727				70				96

___________

(*)

Each individual amount included herein was lower than €50 million.

Disclosure of detailed information about financing transactions with related parties [text block]

Financing transactions with related parties

(€ million)
		December 31, 2017												2017
Name		Receivables				Payables				Guarantees				Charges				Gains
Continuing operations
Joint ventures and associates
Coral South FLNG D MCC											1,334
Cardón IV SA			955																86
Angola LNG Ltd											233
Matrìca SpA																			9
Shatskmorneftegaz Sarl			101																6
Société Centrale Electrique du Congo SA			66				43
Saipem Group							3				56								13
Coral FLNG SA			56																71
Other^(*)			48				49				2				1				5
			1,226				95				1,625				1				190
Unconsolidated entities controlled by Eni
Servizi Fondo Bombole Metano SpA			60				9												1
Eni BTC Ltd							28
Other^(*)			1				24
			61				61												1
Entities controlled by the Government
Other^(*)							8								3
							8								3
			1,287				164				1,625				4				191

__________

(*)

Each individual amount included herein was lower than €50 million.

(€ million)
		December 31, 2016												2016
Name		Receivables				Payables				Guarantees				Charges				Gains				Income from equity instruments
Continuing operations
Joint ventures and associates
Cardón IV SA			1,054																96
Matrìca SpA			125												93				9
Shatskmorneftegaz Sarl			69												13				4
Société Centrale Electrique du Congo SA			78												18
Unión Fenosa Gas SA							85
Saipem Group											82								43				27
Other^(*)			52								2				17				4
			1,378				85				84				141				156				27
Unconsolidated entities controlled by Eni
Eni BTC Ltd							54
Other^(*)			46				52								1				1
			46				106								1				1
Entities controlled by the Government
Other^(*)															3
															3
			1,424				191				84				145				157				27

___________

(*)

Each individual amount included herein was lower than €50 million.

(€ million)
		December 31, 2015												2015
Name		Receivables				Payables				Guarantees				Charges				Gains
Continuing operations
Joint ventures and associates
Cardón IV SA			1,112																65
Matrìca SpA			209												10				11
Shatskmorneftegaz Sàrl			63												21
Société Centrale Electrique du Congo SA			94
Unión Fenosa Gas SA							90
Other^(*)			52				7				12				19				5
			1,530				97				12				50				81
Unconsolidated entities controlled by Eni
Other^(*)			51				111												1
			51				111												1
Entities controlled by the Government
Other^(*)			27																1
			27																1
			1,608				208				12				50				83
Discontinued operations
Joint ventures and associates
CEPAV (Consorzio Eni per l’Alta Velocità) Due											150
Other(*)			5
			5								150
			1,613				208				162				50				83

__________

(*)

Each individual amount included herein was lower than €50 million.

Disclosure of detailed information about the impact of transactions and positions with related parties on the balance sheet [text block]

The impact of transactions and positions with related parties on the balance sheet consisted of the following:

		December 31, 2017												December 31, 2016
(€ million)		Total				Related parties				Impact %				Total				Related parties				Impact %
Trade and other receivables			15,737				907				5.76				17,593				1,100				6.25
Other current assets			1,573				30				1.91				2,591				57				2.20
Other non-current financial assets			1,675				1,214				72.48				1,860				1,349				72.53
Other non-current assets			1,323				46				3.48				1,348				13				0.96
Current financial liabilities			2,242				164				7.31				3,396				191				5.62
Trade and other payables			16,748				2,808				16.77				16,703				2,289				13.70
Other current liabilities			1,515				60				3.96				2,599				88				3.39
Other non-current liabilities			1,479				23				1.56				1,768				23				1.30

Disclosure of detailed information about the impact of transactions with related parties on the profit and loss accounts [text block]

The impact of transactions with related parties on the profit and loss accounts consisted of the following:

		2017												2016												2015
(€ million)		Total				Related parties				Impact %				Total				Related parties				Impact %				Total				Related parties				Impact %
Continuing operations
Net sales from operations			66,919				1,567				2.34				55,762				1,238				2.22				72,286				1,342				1.86
Other income and revenues			4,058				41				1.01				931				74				7.95				1,252				69				5.51
Purchases, services and other			(52,461	)			(9,164	)			17.47				(44,124	)			(8,212	)			18.61				(56,848	)			(6,882	)			12.11
Payroll and related costs			(2,951	)			(34	)			1.15				(2,994	)			(24	)			0.80				(3,119	)			(55	)			1.76
Other operating (expense) income			(32	)			331				—				16				247				—				(485	)			96				—
Financial income			3,924				191				4.87				5,850				157				2.69				8,635				83				0.96
Financial expense			(5,886	)			(4	)			0.07				(6,232	)			(145	)			2.33				(10,104	)			(50	)			0.49
Derivative financial instruments			837												(482	)			27				—				160
Discontinued operations
Total revenues																											10,277				344				3.35
Total costs																											(12,199	)			(202	)			1.66

Disclosure of detailed information about main cash flows with related parties [text block]

Main cash flows with related parties are provided below:

(€ million)		2017				2016				2015
Revenues and other income			1,608				1,312				1,411
Costs and other expenses			(5,360	)			(5,623	)			(5,786	)
Other operating income (loss)			331				247				96
Net change in trade and other receivables and liabilities			391				182				105
Net interests			187				133				82
Net cash provided from operating activities - Continuing operations			(2,843	)			(3,749	)			(4,092	)
Net cash provided from operating activities - Discontinued operations											126
Net cash provided from operating activities			(2,843	)			(3,749	)			(3,966	)
Capital expenditure in tangible and intangible assets			(3,838	)			(2,613	)			(1,151	)
Disposal of investments							463
Net change in accounts payable and receivable in relation to investments			425				252				(238	)
Change in financial receivables			298				5,650				(194	)
Net cash used in investing activities			(3,115	)			3,752				(1,583	)
Change in financial liabilities			(16	)			(192	)			13
Net cash used in financing activities			(16	)			(192	)			13
Total financial flows to related parties			(5,974	)			(189	)			(5,536	)

Disclosure of detailed information about the impact of cash flows with related parties [Text Block]

The impact of cash flows with related parties consisted of the following:

		2017												2016												2015
(€ million)		Total				Related parties				Impact %				Total				Related parties				Impact %				Total				Related parties				Impact %
Cash provided from operating activities			10,117				(2,843	)			—				7,673				(3,749	)			—				11,649				(3,966	)			—
Cash used in investing activities			(3,768	)			(3,115	)			82.67				(4,443	)			3,752				—				(10,923	)			(1,583	)			14.49
Cash used in financing activities			(4,595	)			(16	)			0.35				(3,651	)			(192	)			5.26				(1,351	)			13				—