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Shareholders' equity | 12 Months Ended
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Dec. 31, 2018
Shareholders' equity [Member] |
Disclosure of share capital, reserves and other equity interest [text block] | 25 Shareholders’ equity As of January 1, 2018 , the effects of the application of IFRS 9 and IFRS 15 are the following:
(€ million) |  | Share capital |  |  | Retained Earnings |  |  | Other reserves |  |  | Net profit (loss) |  |  | Total |
Carrying amount at December 31, 2017 |  |  | 4,005 |  |  |  | 35,966 |  |  |  | 4,685 |  |  |  | 3,374 |  |  |  | 48,030 |
Changes in accounting principles (IFRS 9) |  |  |  |  |  |  | 294 |  |  |  |  |  |  |  |  |  |  |  | 294 |
Changes in accounting principles (IFRS 15) |  |  |  |  |  |  | (49 | ) |  |  |  |  |  |  |  |  |  |  | (49 | )
Carrying amount at January 1, 2018 |  |  | 4,005 |  |  |  | 36,211 |  |  |  | 4,685 |  |  |  | 3,374 |  |  |  | 48,275 |
More information about the application of IFRS 9 and IFRS 15 is disclosed in note 3 — Changes in accounting policies.
(€ million) |  | December 31, 2018 |  | December 31, 2017
Share capital |  |  | 4,005 |  |  |  | 4,005 |
Retained earnings |  |  | 36,702 |  |  |  | 35,966 |
Cumulative currency translation differences |  |  | 6,605 |  |  |  | 4,818 |
Legal reserve |  |  | 959 |  |  |  | 959 |
Reserve for treasury shares |  |  | 581 |  |  |  | 581 |
Reserve related to the fair value of cash flow hedging derivatives net of the tax effect |  |  | (9) |  |  |  | 183 |
Reserve related to the defined benefit plans net of tax effect |  |  | (130 | ) |  |  | (114 | )
Other comprehensive income on equity-accounted investments |  |  | 66 |  |  |  | 90 |
Other comprehensive income on other investments |  |  | 15 |  |  |  |  |
Other reserves |  |  | 190 |  |  |  | 190 |
Treasury shares |  |  | (581 | ) |  |  | (581 | )
Interim dividend |  |  | (1,513 | ) |  |  | (1,441 | )
Net profit (loss) for the year |  |  | 4,126 |  |  |  | 3,374 |
|  |  | 51,016 |  |  |  | 48,030 |
Share capital As of December 31, 2018, the parent company’s issued share capital consisted of  €4,005,358,876 represented by 3,634,185,330 ordinary shares without nominal value (same amounts as of December 31, 2017). On May 10, 2018, Eni’s Shareholders’ Meeting resolved the distribution of a dividend of €0.40 per share, with the exclusion of treasury shares held at the ex-dividend date, in full settlement of the 2017 dividend of €0.40 per share, of which € 0.40 per share paid as interim dividend in 2017. The balance was paid on 23 May 2018, to shareholders on the register on 21 May 2018, record date on 22 May 2018. Total dividend per share in 2017 was €0.80. Legal reserve This reserve represents earnings restricted from the payment of dividends pursuant to Article 2430 of the Italian Civil Code. The legal reserve has reached the maximum amount required by the Italian Law. Reserve for treasury shares The reserve for treasury shares represents the reserve that was established in previous reporting period to repurchase the Company shares in accordance with resolutions at Eni’s Shareholders’ Meetings. Other Comprehensive Income reserves
|  | Cash flow hedge derivatives |  | Defined benefit plans |  |  |  |
(€ million) |  | Gross reserve |  | Deferred tax liabilities |  | Net reserve |  | Gross reserve |  | Deferred tax liabilities |  | Net reserve |  | Other comprehensive income on equity- accounted investments |  | Investments valued at fair value
Reserve as of December 31, 2017 |  |  | 240 |  |  |  | (57 | ) |  |  | 183 |  |  |  | (133 | ) |  |  | 19 |  |  |  | (114 | ) |  |  | 90 |  |  |  |  |
Changes of the year |  |  | 399 |  |  |  | (116 | ) |  |  | 283 |  |  |  | (15 | ) |  |  | (2 | ) |  |  | (17 | ) |  |  | (24 | ) |  |  | 15 |
Foreign currency translation differences |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |  |  | (1 | ) |  |  |  |  |  |  |  |  |  |  |  |
Change in scope of consolidation |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4 |  |  |  | (3 | ) |  |  | 1 |  |  |  |  |  |  |  |  |
Reversal to inventories adjustments |  |  | (10 | ) |  |  | 3 |  |  |  | (7 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Reclassification adjustments |  |  | (642 | ) |  |  | 174 |  |  |  | (468 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Reserve as of December 31, 2018 |  |  | (13 | ) |  |  | 4 |  |  |  | (9 | ) |  |  | (143 | ) |  |  | 13 |  |  |  | ( 130 | ) |  |  | 66 |  |  |  | 15 |
Reserve as of December 31, 2016 |  |  | 246 |  |  |  | (57 | ) |  |  | 189 |  |  |  | (99 | ) |  |  | (13 | ) |  |  | (112 | ) |  |  | 21 |  |  |  |  |
Changes of the year |  |  | (59 | ) |  |  | 14 |  |  |  | (45 | ) |  |  | (33 | ) |  |  | 29 |  |  |  | (4 | ) |  |  | 69 |  |  |  |  |
Foreign currency translation differences |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1 | ) |  |  | 3 |  |  |  | 2 |  |  |  |  |  |  |  |  |
Reclassification adjustments |  |  | 53 |  |  |  | (14 | ) |  |  | 39 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Reserve as of December 31, 2017 |  |  | 240 |  |  |  | (57 | ) |  |  | 183 |  |  |  | (133 | ) |  |  | 19 |  |  |  | ( 114 | ) |  |  | 90 |  |  |  |  |
Reserve related to investments valued at fair value does not include the effects of first application of IFRS 9 of  € 681 million recognized in retained earnings. Other reserves Other reserves related to: (i) a reserve of  € 127 million representing the increase in Eni shareholders’ equity associated with a business combination under common control, whereby the parent company Eni SpA divested its subsidiaries; (ii) a reserve of  € 63 million deriving from Eni SpA’s equity. Cumulative foreign currency translation differences The cumulative foreign currency translation differences arose from the translation of financial statements denominated in currencies other than euro. Treasury shares A total of 33,045,197 Eni’s ordinary shares (same amount as of December 31, 2017) were held in treasury for a total cost of  €581 million (same amount as of December 31, 2017). On April 13, 2017, the Shareholders Meeting approved the Long-Term Monetary Incentive Plan 2017 – 2019 and empowered the Board of Directors to execute the Plan by authorizing it to dispose up to a maximum of 11 million of treasury shares in service of the Plan. Interim dividend The interim dividend for the year 2018 amounted to € 1,513 million corresponding to € 0.42 per share, as resolved by the Board of Directors on September 13 , 2018 , in accordance with Article 2433 -bis, paragraph 5 of the Italian Civil Code; the dividend was paid on September 26 , 2018 . Distributable reserves As of December 31 , 2018 , Eni shareholders’ equity included distributable reserves of approximately € 46 billion. Reconciliation of net profit and shareholders’ equity of the parent company Eni SpA to consolidated net profit and shareholders’ equity
|  |  | Net profit |  |  | Shareholders’ equity |
(€ million) |  |  | 2018 |  |  | 2017 |  |  | December 31, 2018 |  |  | December 31, 2017 |
As recorded in Eni SpA’s Financial Statements |  |  |  |  | 3,173 |  |  |  |  |  | 3,586 |  |  |  |  |  | 42,615 |  |  |  |  |  | 42,529 |  |
Excess of net equity stated in the separate accounts of consolidated subsidiaries over the corresponding carrying amounts of the parent company |  |  |  |  | (134) |  |  |  |  |  | (466) |  |  |  |  |  | 7,183 |  |  |  |  |  | 6,110 |  |
Consolidation adjustments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- difference between purchase cost and underlying carrying amounts of net equity |  |  |  |  |  |  |  |  |  |  | (1) |  |  |  |  |  | 153 |  |  |  |  |  | 145 |  |
- adjustments to comply with Group account policies |  |  |  |  | 862 |  |  |  |  |  | 202 |  |  |  |  |  | 2,000 |  |  |  |  |  | 719 |  |
- elimination of unrealized intercompany profits |  |  |  |  | 177 |  |  |  |  |  | (88) |  |  |  |  |  | (519) |  |  |  |  |  | (807) |  |
- deferred taxation |  |  |  |  | 59 |  |  |  |  |  | 144 |  |  |  |  |  | (359) |  |  |  |  |  | (617) |  |
|  |  |  |  | 4,137 |  |  |  |  |  | 3,377 |  |  |  |  |  | 51,073 |  |  |  |  |  | 48,079 |  |
Non-controlling interest |  |  |  |  | (11) |  |  |  |  |  | (3) |  |  |  |  |  | (57) |  |  |  |  |  | (49) |  |
As recorded in Consolidated Financial Statements |  |  |  |  | 4,126 |  |  |  |  |  | 3,374 |  |  |  |  |  | 51,016 |  |  |  |  |  | 48,030

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- Definition The entire disclosure for share capital, reserves and other equity interest. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2018-01-01 -Paragraph 79 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2018-03-01&anchor=para_79&doctype=Standard -URIDate 2018-03-16 + Details
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