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Information on net borrowings | 12 Months Ended
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Dec. 31, 2018
Disclosure of Information on net borrowings [Abstract] |
Disclosure of borrowings [text block] | 19 Information on net borrowings In assessing its capital structure, Eni uses net borrowings, which is a non-GAAP financial measure. Eni calculates net borrowings as total finance debt (short-term and long-term debt) derived from its Consolidated Financial Statements prepared in accordance with IFRS less: cash and cash equivalents, held-for-trading securities and certain highly-liquid investments not related to operations including, among others, non-operating financing receivables. Held-for-trading securities are part of a strategic reserve of liquidity that management has established by reinvesting proceeds from the Group disposal plans and is intended to provide a certain degree of financial flexibility in case of a prolonged price downturn, tight financial markets or in view of other Company’s purposes. Non-operating financing receivables consist mainly of deposits with banks and other financing institutions and deposits in escrow. These assets are generally intended to absorb temporary surpluses of cash as part of the Company’s ordinary management of financing activities. Management believes that net borrowings is a useful measure of Eni’s financial condition as it provides insight about the soundness of Eni’s capital structure and the ways by which Eni’s operating assets are financed.
|  | December 31, 2018 |  |  | December 31, 2017 |
(€ million) |  | Current |  |  | Non-current |  |  | Total |  |  | Current |  |  | Non-current |  |  | Total |
A. Cash and cash equivalents |  |  | 10,836 |  |  |  |  |  |  |  | 10,836 |  |  |  | 7,363 |  |  |  |  |  |  |  | 7,363 |
B. Held-for-trading financial assets |  |  | 6,552 |  |  |  |  |  |  |  | 6,552 |  |  |  | 6,012 |  |  |  |  |  |  |  | 6,012 |
C. Available-for-sale financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 207 |  |  |  |  |  |  |  | 207 |
D. Liquidity (A+B+C) |  |  | 17,388 |  |  |  |  |  |  |  | 17,388 |  |  |  | 13,582 |  |  |  |  |  |  |  | 13,582 |
E. Financing receivables |  |  | 188 |  |  |  |  |  |  |  | 188 |  |  |  | 209 |  |  |  |  |  |  |  | 209 |
F. Short-term debt towards banks |  |  | 383 |  |  |  |  |  |  |  | 383 |  |  |  | 201 |  |  |  |  |  |  |  | 201 |
G. Long-term debt towards banks |  |  | 768 |  |  |  | 2,710 |  |  |  | 3,478 |  |  |  | 801 |  |  |  | 3,200 |  |  |  | 4,001 |
H. Bonds |  |  | 2,781 |  |  |  | 17,313 |  |  |  | 20,094 |  |  |  | 1,445 |  |  |  | 16,907 |  |  |  | 18,352 |
I. Short-term debt towards related parties |  |  | 661 |  |  |  |  |  |  |  | 661 |  |  |  | 164 |  |  |  |  |  |  |  | 164 |
L. Other short-term liabilities |  |  | 1,138 |  |  |  |  |  |  |  | 1,138 |  |  |  | 1,877 |  |  |  |  |  |  |  | 1,877 |
M. Other long-term liabilities |  |  | 52 |  |  |  | 59 |  |  |  | 111 |  |  |  | 40 |  |  |  | 72 |  |  |  | 112 |
N. Total borrowings (F+G+H+I+L+M) |  |  | 5,783 |  |  |  | 20,082 |  |  |  | 25,865 |  |  |  | 4,528 |  |  |  | 20,179 |  |  |  | 24,707 |
O. Net borrowings (N-D-E) |  |  | (11,793 | ) |  |  | 20,082 |  |  |  | 8,289 |  |  |  | (9,263 | ) |  |  | 20,179 |  |  |  | 10,916 |
Financial assets held for trading are disclosed in note 6 — Financial assets held for trading. Current financing receivables are disclosed in note 15 — Other financial assets.

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- Definition Information on net borrowings + References No definition available. + Details
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- Definition The disclosure of borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2018-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2018-03-01&anchor=para_10_e&doctype=Standard -URIDate 2018-03-16 + Details
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