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Investments (Tables) | 12 Months Ended
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Dec. 31, 2020
Investments |
Schedule of equity accounted investments |
|  | 2020 |  | 2019
|  | Investments in |  |  |  |  |  |  |  | Investments in |  |  |  |  |  |
|  | unconsolidated entities |  | Joint |  |  |  |  |  | unconsolidated entities |  | Joint |  |  |  |
(€ million) |  | controlled by Eni |  | ventures |  | Associates |  | Total |  | controlled by Eni |  | ventures |  | Associates |  | Total
Carrying amount - beginning of the year |  | 86 |  | 4,592 |  | 4,357 |  | 9,035 |  | 95 |  | 5,497 |  | 1,452 |  | 7,044
Changes in accounting policies (IAS 28) |  |  |  |  |  |  |  |  |  |  |  | 22 |  |  |  | 22
Carrying amount restated - beginning of the year |  | 86 |  | 4,592 |  | 4,357 |  | 9,035 |  | 95 |  | 5,519 |  | 1,452 |  | 7,066
Additions and subscriptions |  | 2 |  | 75 |  | 198 |  | 275 |  | 6 |  | 76 |  | 2,910 |  | 2,992
Divestments and reimbursements |  |  |  | (3) |  | (1) |  | (4) |  | (5) |  |  |  | (17) |  | (22)
Share of profit of equity-accounted investments |  | 3 |  | 21 |  | 14 |  | 38 |  | 6 |  | 80 |  | 75 |  | 161
Share of loss of equity-accounted investments |  | (2) |  | (1,399) |  | (332) |  | (1,733) |  | (10) |  | (157) |  | (17) |  | (184)
Deduction for dividends |  | (5) |  | (296) |  | (13) |  | (314) |  | (4) |  | (1,073) |  | (61) |  | (1,138)
Change in the scope of consolidation |  | 3 |  | 30 |  | 1 |  | 34 |  | 1 |  |  |  |  |  | 1
Currency translation differences |  | (4) |  | (254) |  | (345) |  | (603) |  | 2 |  | 67 |  | 17 |  | 86
Other changes |  | (3) |  | 66 |  | (42) |  | 21 |  | (5) |  | 80 |  | (2) |  | 73
Carrying amount - end of the year |  | 80 |  | 2,832 |  | 3,837 |  | 6,749 |  | 86 |  | 4,592 |  | 4,357 |  | 9,035
Schedule of net carrying amount of equity-accounted investments | Net carrying amount related to the following companies:
|  | December 31, 2020 |  | December 31, 2019
|  | Net carrying |  | % of the |  | Net carrying |  | % of the
(€ million) |  | amount |  | investment |  | amount |  | investment
Investments in unconsolidated entities controlled by Eni |  |  |  |  |  |  |  |
Eni BTC Ltd |  | 24 |  | 100.00 |  | 30 |  | 100.00
Other |  | 56 |  |  |  | 56 |  |
|  | 80 |  |  |  | 86 |  |
Joint ventures |  |  |  |  |  |  |  |
Vår Energi AS |  | 1,144 |  | 69.85 |  | 2,518 |  | 69.60
Saipem SpA |  | 908 |  | 31.08 |  | 1,250 |  | 30.99
Unión Fenosa Gas SA |  | 242 |  | 50.00 |  | 326 |  | 50.00
Cardón IV SA |  | 199 |  | 50.00 |  | 148 |  | 50.00
Gas Distribution Company of Thessaloniki - Thessaly SA |  | 140 |  | 49.00 |  | 139 |  | 49.00
Lotte Versalis Elastomers Co Ltd |  | 51 |  | 50.00 |  | 74 |  | 50.00
PetroJunín SA |  | 50 |  | 40.00 |  | 53 |  | 40.00
Società Oleodotti Meridionali - SOM SpA |  | 32 |  | 70.00 |  |  |  |
AET - Raffineriebeteiligungsgesellschaft mbH |  | 17 |  | 33.33 |  | 35 |  | 33.33
Other |  | 49 |  |  |  | 49 |  |
|  | 2,832 |  |  |  | 4,592 |  |
Associates |  |  |  |  |  |  |  |
Abu Dhabi Oil Refining Co (Takreer) |  | 2,335 |  | 20.00 |  | 2,829 |  | 20.00
Angola LNG Ltd |  | 1,039 |  | 13.60 |  | 1,159 |  | 13.60
Coral FLNG SA |  | 138 |  | 25.00 |  | 102 |  | 25.00
Finproject SpA |  | 73 |  | 40.00 |  |  |  |
Novis Renewables Holdings Llc |  | 65 |  | 49.00 |  |  |  |
United Gas Derivatives Co |  | 58 |  | 33.33 |  | 69 |  | 33.33
Novamont SpA |  |  |  |  |  | 71 |  | 25.00
Other |  | 129 |  |  |  | 127 |  |
|  | 3,837 |  |  |  | 4,357 |  |
|  | 6,749 |  |  |  | 9,035 |  |
Schedule of market value of investments listed in regulated stock markets | As of December 31, 2020, the market value of the investments listed in regulated stock markets was as follows:
|  | Saipem SpA
Number of shares held |  | 308,767,968
% of the investment |  | 31.08
Share price (€) |  | 2.205
Market value (€ million) |  | 681
Book value (€ million) |  | 908
Schedule of additional information about other investments |
(€ million) |  | 2020 |  | 2019
Carrying amount – beginning of the year |  | 929 |  | 919
Additions and subscriptions |  | 8 |  | 11
Change in the fair value |  | 24 |  | (3)
Divestments and reimbursements |  | (12) |  | (12)
Currency translation differences |  | (61) |  | 15
Other changes |  | 69 |  | (1)
Carrying amount – end of the year |  | 957 |  | 929

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