XML 95 R24.htm IDEA: XBRL DOCUMENT v3.19.1
Trade and other payables
 12 Months Ended
Dec. 31, 2018
Disclosure Of Trade And Other Payables [Abstract]  
Disclosure of trade and other payables [text block]
16 Trade and other payables
 
As of January 1, 2018, the effects of the application of IFRS 15 are the followings:
 
(€ million)
 
Trade
payables
 
Down payments
and advances
from customers
 
Down payments
and advances from
joint venture
partners in
exploration and
production
 
Other payables
 
Trade and
other
payables
Carrying amount at December 31, 2017
 
 
10,890
 
 
 
545
 
 
 
252
 
 
 
5,061
 
 
 
16,748
 
Changes in accounting principles (IFRS 15)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(113
)
 
 
(113
)
Reclassification to other current liabilities (IFRS 15)
 
 
 
 
 
 
(545
)
 
 
 
 
 
 
(785
)
 
 
(1,330
)
Carrying amount
at January 1, 2018
 
 
10,890
 
 
 
 
 
 
 
252
 
 
 
4,163
 
 
 
15,305
 
 
The application of IFRS 15 determined a decrease in the stated amount of payables recognized in connection with lifting imbalances in the Exploration & Production segment for €113 million in applying the sales method in lieu of the entitlement method.
 
The reclassification to other current liabilities (IFRS 15) related to: (i) lifting imbalances of the Exploration & Production segment recognized by using the sales method for €785 million; (ii) down payments and advances from customers reclassified as liabilities from contracts with customers.
 
More information about the application of IFRS 9 and IFRS 15 is reported in note 3 — Changes in accounting policies.
 
The break-down of trade and other payables is the following:
 
 
(€ million)
 
December 31, 2018
 
December 31, 2017
Trade payables
 
 
11,645
 
 
 
10,890
 
Down payments and advances from customers
 
 
 
 
 
 
545
 
Down payments and advances from partners in exploration & production activities
 
 
207
 
 
 
252
 
Payables for purchase of non-current assets
 
 
2,530
 
 
 
2,094
 
Payables due to partners in exploration & production activities
 
 
1,151
 
 
 
1,968
 
Other payables
 
 
1,214
 
 
 
999
 
 
 
 
16,747
 
 
 
16,748
 
   
Trade payables were denominated in euro for €6,484 million and in U.S. dollar for €9,403 million.
 
Because of the short-term maturity and conditions of remuneration of trade payables, the fair values approximated the carrying amounts.
 
Payables due to related parties are described in note 36 — Transactions with related parties.