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Right-of-use assets and lease liabilities | 12 Months Ended
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Dec. 31, 2023
Right-of-use assets and lease liabilities |
Right-of-use assets and lease liabilities | 13 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 |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net carrying amount - beginning of the year | 2,142 |  |  | 148 |  |  | 682 |  |  | 457 |  |  | 19 |  |  | 595 |  |  | 42 |  |  | 361 |  |  | 4,446 |
Additions | 14 |  |  | 570 |  |  | 402 |  |  | 133 |  |  | 19 |  |  | 110 |  |  | 14 |  |  | 322 |  |  | 1,584 |
Depreciation(a) | (145 | ) |  | (219 | ) |  | (315 | ) |  | (74 | ) |  | (18 | ) |  | (125 | ) |  | (12 | ) |  | (65 | ) |  | (973 | )
Impairments |  |  |  |  |  |  | (3 | ) |  |  |  |  | (2 | ) |  |  |  |  |  |  |  | (36 | ) |  | (41 | )
Reversals |  |  |  |  |  |  | 3 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2 |  |  | 5 |
Currency translation differences | (71 | ) |  | (8 | ) |  | (5 | ) |  | 4 |  |  |  |  |  | (2 | ) |  |  |  |  | (7 | ) |  | (89 | )
Changes in the scope of consolidation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3 |  |  |  |  |  | 10 |  |  | 13 |
Other changes | 37 |  |  | (42 | ) |  | (40 | ) |  | (28 | ) |  | (1 | ) |  | (1 | ) |  | (27 | ) |  | (9 | ) |  | (111 | )
Net carrying amount - end of the year | 1,977 |  |  | 449 |  |  | 724 |  |  | 492 |  |  | 17 |  |  | 580 |  |  | 17 |  |  | 578 |  |  | 4,834 |
Gross carrying amount - end of the year | 2,409 |  |  | 985 |  |  | 1,593 |  |  | 822 |  |  | 81 |  |  | 1,039 |  |  | 47 |  |  | 826 |  |  | 7,802 |
Provisions for depreciation and impairment | 432 |  |  | 536 |  |  | 869 |  |  | 330 |  |  | 64 |  |  | 459 |  |  | 30 |  |  | 248 |  |  | 2,968 |
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 consolidation | (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 |
(a) Before capitalization of depreciation of tangible assets Right-of-use assets (RoU) of €4,834 million related: (i) for €2,959 million (€2,653 million at December 31, 202 2) 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 a n expected term ranging between 13 and 17 years, including a renewal option as well as multi-year lease s of offshore drilling rigs; (ii) for €965 million (€800 million at December 31, 202 2) to the Enilive, Refining and Chemicals segment relating to high way s 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 €519 million (€548 million at December 31, 202 2) to the Corporate and Other activities segment mainly regarding property rental contracts. The increase recorded in 202 3 mainly referred to: (i) the Exploration & Production segment for €1,023 million relating to rental of drilling rigs (€570 million) and vessels and related logistics equipments for Oil & Gas transport (€167 million); (ii) the Enilive and Refining business line for €408 million, relating in particular to lease of vessels for shipping and storage activities of Eni Trade & Biofuels SpA (€220 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 (€146 million); (iii) to the Corporate and Other activities segment for €63 million relating in particular to leasing of assets for staff activities (€44 million). 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 €131 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 €1,177 million; (ii) extension options related to ancillary assets in the upstream business for €545 million; (i ii) extension options related to service stations for the sale of oil products of €133 million. Liabilities for leased assets were as follows:
(€ million) | Current portion of long-term lease liabilities |  |  | Long-term lease liabilities |  |  | Total |
2023 |  |  |  |  |  |  |  |
Carrying amount at the beginning of the year | 884 |  |  | 4,067 |  |  | 4,951 |
Additions |  |  |  | 1,584 |  |  | 1,584 |
Decreases | (949 | ) |  | (14 | ) |  | (963 | )
Currency translation differences | (16 | ) |  | (81 | ) |  | (97 | )
Changes in the scope of consolidation | 1 |  |  | 12 |  |  | 13 |
Other changes | 1,208 |  |  | (1,360 | ) |  | (152 | )
Carrying amount at the end of the year | 1,128 |  |  | 4,208 |  |  | 5,336 |
2022 |  |  |  |  |  |  |  |
Carrying amount at the 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 at the end of the year | 884 |  |  | 4,067 |  |  | 4,951
Lease liabilities related for €480 million (€494 million at December 31, 20 22) 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 €963 million; (ii) cash payments for the interest portion of €255 million. Lease liabilities stated in U.S. dollars and euro amounted to €3,573 million and €1,608 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) | 2023 |  |  | 2022 |  |  | 2021 |
Other income and revenues |  |  |  |  |  |  |  |
Income from remeasurement of lease liabilities | 17 |  |  | 6 |  |  | 18 |
| 17 |  |  | 6 |  |  | 18 |
Purchases, services and other |  |  |  |  |  |  |  |
Short-term leases | 59 |  |  | 113 |  |  | 85 |
Low-value leases | 37 |  |  | 27 |  |  | 31 |
Variable lease payments not included in the measurement of lease liabilities | 20 |  |  | 14 |  |  | 14 |
Capitalized direct cost associated with self-constructed assets - tangible assets | (5 | ) |  | (5 | ) |  | (4 | )
| 111 |  |  | 149 |  |  | 126 |
Depreciation and impairments |  |  |  |  |  |  |  |
Depreciation of RoU leased assets | 973 |  |  | 1,013 |  |  | 928 |
Capitalized amortization of RoU leased assets - tangible assets | (199 | ) |  | (186 | ) |  | (110 | )
Impairments of RoU leased assets | 41 |  |  | 18 |  |  | 59 |
Reversals of RoU leased assets | (5 | ) |  | (14 | ) |  |  |
| 810 |  |  | 831 |  |  | 877 |
Finance income (expense) from leases |  |  |  |  |  |  |  |
Interests on lease liabilities | (267 | ) |  | (315 | ) |  | (304 | )
Capitalized finance expense of RoU leased assets - tangible assets | 11 |  |  | 8 |  |  | 5 |
Net currency translation differences on lease liabilities | 19 |  |  | (4 | ) |  | (34 | )
| (237 | ) |  | (311 | ) |  | (333 | )

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