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Other financial assets (Tables)
12 Months Ended
Dec. 31, 2020
Other financial assets  
Schedule of other financial assets

 

 

 

 

 

 

 

 

 

 

 

December 31, 2020

 

December 31, 2019

(€ million)

    

Current

    

Non-current

    

Current

    

Non-current

Long-term financing receivables held for operating purposes

 

29

 

953

 

60

 

1,119

Short-term financing receivables held for operating purposes

 

22

 

 

 

37

 

 

 

 

51

 

953

 

97

 

1,119

Financing receivables held for non-operating purposes

 

203

 

 

 

287

 

 

 

 

254

 

953

 

384

 

1,119

Securities held for operating purposes

 

 

 

55

 

 

 

55

 

 

254

 

1,008

 

384

 

1,174

 

Schedule of financial receivables net of allowance for doubtful accounts

 

 

 

 

 

(€ million)

 

2020

    

2019

Carrying amount at the beginning of the year

 

379

 

430

Additions

 

 7

 

11

Deductions

 

(7)

 

(88)

Currency translation differences

 

(26)

 

 7

Other changes

 

(1)

 

19

Carrying amount at the end of the year

 

352

 

379

 

Schedule of securities per issuing entity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized cost

 

Nominal value

 

Fair Value

 

Nominal rate

 

 

 

Rating -

 

 

 

    

(€ million)

    

(€ million)

    

(€ million)

    

of return (%)

    

Maturity date

    

Moody’s

    

Rating - S&P

Sovereign states

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Fixed rate bonds

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Italy

 

24

 

24

 

25

 

from 0.35 to 4.75

 

from 2021 to 2030

 

Baa3

 

BBB

Others (*)

 

17

 

17

 

17

 

from 0.05 to 0.20

 

from 2021 to 2025

 

from Aa3 to Baa1

 

from AA to A

Floating rate bonds

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Italy

 

11

 

11

 

11

 

 

 

from 2022 to 2025

 

Baa3

 

BBB

Others

 

 3

 

 3

 

 3

 

 

 

2022

 

Baa3

 

BBB

Total sovereign states

 

55

 

55

 

56

 

  

 

  

 

  

 

  


(*)Amounts included herein are lower than €10 million.