137
(in millions of Euro)
2013
2012
CONSOLIDATED INCOME STATEMENT
Published (*)
Effects
Restated Published (*)
Effects
Restated
application
application
IFRS 10 & 11
IFRS 10 & 11
Sales of goods and services
7,273
(275)
6,998
7,848
(274)
7,574
Profit/(loss) before taxes
222
(4)
218
242
(3)
239
Net profit/(loss) for the year
154
(2)
152
169
(1)
168
(in millions of Euro)
31 December 2013
31 December 2012
CONSOLIDATED STATEMENT
Published (*)
Effects
Restated Published (*)
Effects
Restated
OF FINANCIAL POSITION
application
application
IFRS 10 & 11
IFRS 10 & 11
Non-current assets
2,343
14
2,357
2,467
(2)
2,465
Current assets
3,347
(185)
3,162
3,539
(149)
3,390
Assets held for sale
12
-
12
4
-
4
Equity
1,195
(11)
1,184
1,159
(12)
1,147
Non-current liabilities
1,645
(44)
1,601
2,016
(15)
2,001
Current liabilities
2,862
(116)
2,746
2,835
(124)
2,711
(in millions of Euro)
2013
2102
CONSOLIDATED STATEMENT
Published (*)
Effects
Restated Published (*)
Effects
Restated
OF CASH FLOWS
application
application
IFRS 10 & 11
IFRS 10 & 11
Net cash flow provided by/(used in)
operating activities
399
4
403
546
(15)
531
Net cash flow provided by/(used in)
investing activities
(147)
7
(140)
(227)
5
(222)
Net cash flow provided by/(used in)
financing activities
(472)
(36)
(508)
(238)
14
(224)
Currency translation gains/(losses)
on cash and cash equivalents
(31)
(1)
(32)
4
-
4
Total cash flow provided/(used) in the year
(251)
(26)
(277)
85
4
89
The numbers presented above are the result of a preliminary
evaluation exercise and could differ from the final ones.
In November 2013, “
Investment Entities (Amendments to IFRS
10, IFRS 12 and IAS 27)
”, a document issued by the IASB on
31 October 2012, was published in the Official Journal of the
European Union. These amendments are intended to provide
an exception from the consolidation obligations of
IFRS 10
for
companies that manage and measure their investments on
a fair value basis. These amendments will apply to financial
years beginning on or after 1 January 2014 and will not entail
any significant effects for the Group.
On 16 December 2011, the IASB published amendments to
IAS
32: Financial Instruments: Presentation
to clarify the criteria
for offsetting financial assets and liabilities.
The amendments clarify that:
• the right of set-off between financial assets and liabilities
must be available at the financial reporting date and not
contingent on a future event;
• this right must be enforceable by all counterparties both in
the normal course of business and in the event of insol-
vency or bankruptcy.
The document was published in the Official Journal of the
European Union on 29 December 2012. The amendments are
(*) The published amounts refer to the Consolidated Financial Statements presented in this Annual Report.
The principal effects of the changes described above are as follows:
