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Financial assets held for trading | 12 Months Ended
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Dec. 31, 2018
Disclosure Of Financial Assets Held For Trading [Abstract] |
Disclosure of financial assets held for trading [text block] | 6 Financial assets held for trading
(€ million) |  | December 31, 2018 |  |  | December 31, 2017
Quoted bonds issued by sovereign states |  |  | 1,083 |  |  |  | 1,022 |
Other |  |  | 5,469 |  |  |  | 4,990 |
|  |  | 6,552 |  |  |  | 6,012 |
From January 1, 2018, financial assets held by the Group captive insurance company Insurance DAC of  €207 million, previously classified as available for sale, have been classified as held for trading in accordance to the provisions of IFRS 9 on the base of the conditions existing at the adoption date. The Company has established a liquidity reserve as part of its internal targets and financial strategy with a view of ensuring an adequate level of flexibility to the Group development plans and of coping with unexpected fund requirements or difficulties in accessing financial markets. The management of this liquidity reserve is performed through trading activities in view of the financial optimization of returns, within a predefined and authorized level of risk tolerance, targeting the preservation of the invested capital and the ability to promptly convert it into cash. Financial assets held for trading of Eni SpA include securities subject to lending agreements of €1,301 million (€845 million at December 31, 2017). The breakdown by currency is provided below:
(€ million) |  | December 31, 2018 |  |  | December 31, 2017
Euro |  |  | 4,573 |  |  |  |  | 4,232 |
U.S. dollars |  |  | 1,614 |  |  |  |  | 1,025 |
Other currencies |  |  | 365 |  |  |  |  | 755 |
|  |  | 6,552 |  |  |  |  | 6,012 |
The breakdown by issuing entity and credit rating is presented below:
|  | Nominal value (€ million) |  | Fair Value (€ million) |  | Rating – Moody’s |  |  | Rating – S&P
Quoted bonds issued by sovereign states |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed rate bonds |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Italy |  |  | 523 |  |  |  | 529 |  |  |  | Baa3 |  |  |  | BBB
Other (*) |  |  | 336 |  |  |  | 349 |  |  |  | from Aaa to Baa3 |  |  |  | from AAA to BBB-
|  |  | 859 |  |  |  | 878 |  |  |  |  |  |  |  |
Floating rate bonds |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Italy |  |  | 130 |  |  |  | 129 |  |  |  | Baa3 |  |  |  | BBB
Other (*) |  |  | 86 |  |  |  | 76 |  |  |  | from Aaa to Baa3 |  |  |  | from AAA to BBB-
|  |  | 216 |  |  |  | 205 |  |  |  |  |  |  |  |
Total quoted bonds issued by sovereign states |  |  | 1,075 |  |  |  | 1,083 |  |  |  |  |  |  |  |
Other Bonds |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed rate bonds |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Quoted bonds issued by industrial companies |  |  | 1,628 |  |  |  | 1,581 |  |  |  | from Aa2 to Baa3 |  |  |  | from AA to BBB-
Quoted bonds issued by financial and insurance companies |  |  | 1,270 |  |  |  | 1,269 |  |  |  | from Aaa to Baa3 |  |  |  | from AAA to BBB-
Other |  |  | 51 |  |  |  | 48 |  |  |  | from A1 to Baa3 |  |  |  | from A+ to BBB-
|  |  | 2,949 |  |  |  | 2,898 |  |  |  |  |  |  |  |
Floating rate bonds |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Quoted bonds issued by financial and insurance companies |  |  | 1,562 |  |  |  | 1,453 |  |  |  | from Aaa to Baa3 |  |  |  | from AAA to BBB-
Quoted bonds issued by industrial companies |  |  | 987 |  |  |  | 976 |  |  |  | from Aa2 to Baa2 |  |  |  | from AA to BBB
Other |  |  | 158 |  |  |  | 142 |  |  |  | from Aa3 to Baa3 |  |  |  | from AA- to BBB-
|  |  | 2,707 |  |  |  | 2,571 |  |  |  |  |  |  |  |
Total other bonds |  |  | 5,656 |  |  |  | 5,469 |  |  |  |  |  |  |  |
Total other financial assets held for trading |  |  | 6,731 |  |  |  | 6,552 |  |  |  |  |  |  |  |
| (*) | Individual amounts included herein are lower than €50 million.
The fair value hierarchy is level 1 for €6,362 million and level 2 for €190 million. During 2018 , there were no transfers between the different hierarchy levels of fair value.

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- Definition DisclosureOfFinancialAssetsHeldForTrading + References No definition available. + Details
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- Definition The disclosure of financial assets classified as held for trading. [Refer: Financial assets] + 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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