Consolidated Income statement (€/M) FY  FY  FY 
2016 2015 2014
Value of Production 40,02 41,31 38,44
Operating Costs -30,33 -32,14 -30,17
EBITDA  9,69 9,17 8,27
EBITDA % 24,2% 22,2% 21,5%
Depreciation and impairment ante reassessment L. 147/2013 -3,47 -3,92 -4,62
Depreciation and impairment post reassessment L. 147/2013 -2,47 -2,43 -1,79
EBIT  3,75 2,81 1,85
EBIT % 9,4% 6,8% 4,8%
Charges and income from participating interests -0,73 0,12 2,28
EBIT 3,02 2,93 4,13
EBIT % 7,6% 7,1% 10,7%
Financial charges and income  0,05 -0,01 -0,10
Extraordinary charges and income 0,12 0,03 -0,02
Income Before Tax   3,19 2,95 4,02
Tax on business -1,48 -1,18 -0,88
Net Income 1,71 1,76 3,14
Net Income % 4,3% 4,3% 8,2%
- Attributable to owners of the parent 1,78 1,97 3,24
- Attributable to minority interests -0,07 -0,20 -0,10
* margin expansion     


Consolidated Balance sheet  (€/M) FY  FY  FY 

2016 2015 2014
INVESTED CAPITAL
Assets in operation BU basic chemistry 11,98 16,27 18,44
Assets in operation BU renewable energy 12,73 9,74 9,28
Fixed assets under construction and advances BU basic chemistry 1,09 0,12 0,46
Investments - Agrimont srl 0,37 0,79 0,69
Investments - Crosfield srl 0,00 0,30 0,08
Heliopolis Energia SpA - Equity investments 0,50 0,50 0,00
Efesto Energy - Investment fund shares 8,22 8,22 8,22
Net Working Capital   12,85 14,21 13,57
Other Funds  -1,26 -1,47 -1,55
Net Invested Capital 46,47 48,68 49,20
SOURCES OF FINANCING
Consolidated Group Equity 37,47 37,71 37,39
(a) Net Financial Position from infragroup fundings  14,16 14,02 13,67
Parent Company loan  12,08 12,08 12,08
Shareholders loan  1,08 0,94 0,59
Others loans 1,00 1,00 1,00
(b) Net Financial Position from bank debt  -5,16 -3,05 -1,86
Medium-term funding 0,00 0,22 0,68
Short-term  Net Financial Position -5,16 -3,28 -2,53
Own Funds and Net Financial Indebtedness 46,47 48,68 49,20


2016: Consolidated Current NFP   (€/M)  

Shareholders loan -1,08
Others loans -1,00
Parent company load -12,08
Banks for short-term financial debts -10,56
green certificates 0,40
Banks current accounts, cash and cheques  15,32
Net Financial Position -9,00


Consolidated Cash Flow Statement   (€/M)  

 
A. NET FINANCIAL POSITION AT BEGINNING OF PERIOD  -10,96
B. CASH FLOW GENERATED (ABSORBED) BY OPERATING ACTIVITIES  8,04
Net income for the period 1,71
Amortization and depreciaton 6,36
(Gains) and losses on investments -0,03
C. CASH FLOW GENERATED (ABSORBED) BY CHANGES IN NET WORKING    CAPITAL 1,15
D. CASH FLOW GENERATED (ABSORBED) BY INVESTING ACTIVITIES -5,28
E. CASH FLOW GENERATED (ABSORBED) BY FINANCIAL ACTIVITIES -1,95
F. NET CASH FLOW FOR THE PERIOD (B + C + D + E) 1,96
G. CLOSING CURRENT NET FINANCIAL POSITION -9,00