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Right-of-use assets and lease liabilities | 12 Months Ended
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Dec. 31, 2022
Right-of-use assets and lease liabilities |
Right-of-use assets and lease liabilities | 1 3 Right-of-use assets and lease liabilities
(€ million) |  | Floating production storage and offloading vessels (FPSO) |  |  | Drilling rig |  |  | Naval facilities and related logistic bases for oil and gas transportation |  |  | Motorway concessions and service stations |  |  | Oil and gas distribution facilities |  |  | Office buildings |  |  | Vehicles |  |  | Other |  |  | Total |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net carrying amount - beginning of the year |  | 2,667 |  |  | 183 |  |  | 575 |  |  | 454 |  |  | 14 |  |  | 618 |  |  | 48 |  |  | 262 |  |  | 4,821 |
Additions |  | 1,342 |  |  | 189 |  |  | 530 |  |  | 76 |  |  | 28 |  |  | 108 |  |  | 21 |  |  | 110 |  |  | 2,404 |
Depreciation (a) |  | (226 | ) |  | (197 | ) |  | (303 | ) |  | (70 | ) |  | (13 | ) |  | (130 | ) |  | (21 | ) |  | (53 | ) |  | (1,013 | )
Impairments |  |  |  |  |  |  |  | (5 | ) |  |  |  |  | (5 | ) |  |  |  |  | (1 | ) |  | (7 | ) |  | (18 | )
Reversals |  |  |  |  |  |  |  | 14 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 14 |
Currency translation differences |  | 239 |  |  | 12 |  |  | 10 |  |  | 3 |  |  |  |  |  | 3 |  |  |  |  |  |  |  |  | 267 |
Changes in the scope of consolidaion |  | (1,878 | ) |  | (34 | ) |  | (39 | ) |  |  |  |  |  |  |  | (1 | ) |  |  |  |  | 73 |  |  | (1,879 | )
Other changes |  | (2 | ) |  | (5 | ) |  | (100 | ) |  | (6 | ) |  | (5 | ) |  | (3 | ) |  | (5 | ) |  | (24 | ) |  | (150 | )
Net carrying amount - end of the year |  | 2,142 |  |  | 148 |  |  | 682 |  |  | 457 |  |  | 19 |  |  | 595 |  |  | 42 |  |  | 361 |  |  | 4,446 |
Gross carrying amount - end of the year |  | 2,507 |  |  | 516 |  |  | 1,360 |  |  | 734 |  |  | 87 |  |  | 1,010 |  |  | 86 |  |  | 562 |  |  | 6,862 |
Provisions for depreciation and impairment |  | 365 |  |  | 368 |  |  | 678 |  |  | 277 |  |  | 68 |  |  | 415 |  |  | 44 |  |  | 201 |  |  | 2,416 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net carrying amount - beginning of the year |  | 2,672 |  |  | 244 |  |  | 446 |  |  | 424 |  |  | 11 |  |  | 652 |  |  | 32 |  |  | 162 |  |  | 4,643 |
Additions |  |  |  |  | 215 |  |  | 583 |  |  | 104 |  |  | 23 |  |  | 34 |  |  | 40 |  |  | 105 |  |  | 1,104 |
Depreciation (a) |  | (217 | ) |  | (170 | ) |  | (274 | ) |  | (63 | ) |  | (11 | ) |  | (122 | ) |  | (22 | ) |  | (49 | ) |  | (928 | )
Impairments |  |  |  |  |  |  |  | (25 | ) |  | (6 | ) |  | (14 | ) |  |  |  |  |  |  |  | (14 | ) |  | (59 | )
Currency translation differences |  | 213 |  |  | 12 |  |  | 11 |  |  | 3 |  |  |  |  |  | 8 |  |  |  |  |  | 6 |  |  | 253 |
Changes in the scope of consolidaion |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (6 | ) |  |  |  |  | 116 |  |  | 110 |
Other changes |  | (1 | ) |  | (118 | ) |  | (166 | ) |  | (8 | ) |  | 5 |  |  | 52 |  |  | (2 | ) |  | (64 | ) |  | (302 | )
Net carrying amount - end of the year |  | 2,667 |  |  | 183 |  |  | 575 |  |  | 454 |  |  | 14 |  |  | 618 |  |  | 48 |  |  | 262 |  |  | 4,821 |
Gross carrying amount - end of the year |  | 3,366 |  |  | 572 |  |  | 1,268 |  |  | 666 |  |  | 66 |  |  | 948 |  |  | 84 |  |  | 433 |  |  | 7,403 |
Provisions for depreciation and impairment |  | 699 |  |  | 389 |  |  | 693 |  |  | 212 |  |  | 52 |  |  | 330 |  |  | 36 |  |  | 171 |  |  | 2,582 |
(a) Before capitalization of depreciation of tangible assets Right-of-use assets (RoU) of €4,446 million related: (i) for €2,653 million (€3,195 million at December 31, 2021) to the Exploration & Production segment and mainly comprised leases of certain FPSO vessels hired in connection with operations at offshore development projects in Ghana (OCTP) and Area 1 in Mexico with an expected term ranging between 17 and 18 years, including a renewal option as well as multi-year leases of offshore drilling rigs; (ii) for €800 million (€765 million at December 31, 2021) to the Refining & Marketing and Chemical segment relating to highways concessions to market fuels, land leases, leases of service stations for the sale of oil products, leasing of vessels for shipping activities and the car fleet dedicated to the car sharing business; (iii) for €548 million (€541 million at December 31, 2021) to the Corporate and other activities segment mainly regarding property rental contracts. The increase recorded in 2022 mainly referred to: (i) the Exploration & Production segment for €1,835 million relating to the start of operations of the FPSO vessel operating Area 1 offshore Mexico (€1,342 million), vessels and related logistics equipments for Oil & Gas transport (€223 million) and the rental of drilling rigs (€189 million); (ii) the Refining & Marketing business line for €357 million, relating in particular to the lease of vessels for shipping and storage activities of Eni Trade & Biofuels SpA (€252 million), new contracts and extension of existing contracts relating motorway concessions, land leases, service station leases and the car fleet dedicated to the car sharing business (€83 million); (iii) to the Corporate and other activities segment for €91 million relating to a new aircraft sold and repurchased through the leaseback agreement (€54 million) and leasing of assets for staff activities (company cars, IT, real estate) (€33 million); (iv) the Global Gas & LNG Portfolio sector for €82 million relating to LNG transport vessels (€78 million). Changes in the scope of consolidation referred for €1,952 million to the derecognition of the Angolan companies transferred to the JV Azule Energy Holdings Ltd and positive €73 million to the consolidation of the companies acquired from the Plenitude business line. The main leasing contracts signed for which the asset is not yet available concern: (i) a contract with a nominal value of €437 million relating to leasing of office buildings with an expiry date of 20 years including an extension option of 6 years; (ii) storage capacity and time charter vessels rental contracts of €268 million; (iii) contracts relating to new drilling rigs for €188 million. Main future cash outflows potentially due not reflected in the measurements of lease liabilities related to: (i) options for the extension or termination of lease for office buildings of €1,180 million; (ii) extension options related to service stations for the sale of oil products of €121 million; (iii) other extension options related to ancillary assets in the upstream business for €168 million. Liabilities for leased assets were as follows:
(€ million) |  | Current portion of long-term lease liabilities |  |  | Long-term lease liabilities |  |  | Total |
2022 |  |  |  |  |  |  |  |  |
Carrying amount - beginning of the year |  | 948 |  |  | 4,389 |  |  | 5,337 |
Additions |  |  |  |  | 2,401 |  |  | 2,401 |
Decreases |  | (980 | ) |  | (14 | ) |  | (994 | )
Currency translation differences |  | 43 |  |  | 242 |  |  | 285 |
Changes in the scope of consolidation |  | (299 | ) |  | (1,654 | ) |  | (1,953 | )
Other changes |  | 1,172 |  |  | (1,297 | ) |  | (125 | )
Carrying amount - end of the year |  | 884 |  |  | 4,067 |  |  | 4,951 |
2021 |  |  |  |  |  |  |  |  |
Carrying amount - beginning of the year |  | 849 |  |  | 4,169 |  |  | 5,018 |
Additions |  |  |  |  | 1,102 |  |  | 1,102 |
Decreases |  | (934 | ) |  | (5 | ) |  | (939 | )
Currency translation differences |  | 38 |  |  | 231 |  |  | 269 |
Changes in the scope of consolidation |  | 14 |  |  | 89 |  |  | 103 |
Other changes |  | 981 |  |  | (1,197 | ) |  | (216 | )
Carrying amount - end of the year |  | 948 |  |  | 4,389 |  |  | 5,337 |
Lease liabilities related for €494 million (€1,684 million at December 31, 2021) to the portion of the liabilities attributable to joint operators in Eni-led projects which will be recovered through the mechanism of the cash calls. Total cash outflows for leases consisted of the following: (i) cash payments for the principal portion of the lease liability for €994 million; (ii) cash payments for the interest portion of €315 million. Lease liabilities stated in U.S. dollars and euro amounted to €3,296 million and €1,491 million, respectively. Other changes in right-of-use assets and lease liabilities essentially related to early termination or renegotiation of lease contracts. Liabilities for leased assets with related parties are described in note 36 — Transactions with related parties. The amounts recognised in the profit and loss account consist of the following:
(€ million) |  | 2022 |  |  | 2021 |  |  | 2020 |
Other income and revenues |  |  |  |  |  |  |  |  |
Income from remeasurement of lease liabilities |  | 6 |  |  | 18 |  |  | 12 |
|  | 6 |  |  | 18 |  |  | 12 |
Purchases, services and other |  |  |  |  |  |  |  |  |
Short-term leases |  | 113 |  |  | 85 |  |  | 67 |
Low-value leases |  | 27 |  |  | 31 |  |  | 37 |
Variable lease payments not included in the measurement of lease liabilities |  | 14 |  |  | 14 |  |  | 7 |
Capitalized direct cost associated with self-constructed assets - tangible assets |  | (5 | ) |  | (4 | ) |  | (2 | )
|  | 149 |  |  | 126 |  |  | 109 |
Depreciation and impairments |  |  |  |  |  |  |  |  |
Depreciation of RoU leased assets |  | 1,013 |  |  | 928 |  |  | 928 |
Capitalized direct cost associated with self-constructed assets - tangible assets |  | (186 | ) |  | (110 | ) |  | (96 | )
Impairments of RoU leased assets |  | 18 |  |  | 59 |  |  | 47 |
Reversals of RoU leased assets |  | (14 | ) |  |  |  |  |  |
|  | 831 |  |  | 877 |  |  | 879 |
Finance income (expense) from leases |  |  |  |  |  |  |  |  |
Interests on lease liabilities |  | (315 | ) |  | (304 | ) |  | (347 | )
Capitalized finance expense of RoU leased assets - tangible assets |  | 8 |  |  | 5 |  |  | 7 |
Net currency translation differences on lease liabilities |  | (4 | ) |  | (34 | ) |  | 24 |
|  | (311 | ) |  | (333 | ) |  | (316 | )

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